Brokerages Anticipate Town Sports International Holdings Inc. (CLUB) to Announce ($0.17) EPS
Town Sports International Holdings Inc. (NASDAQ:CLUB) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus target price of $5.00 for the company and are expecting that the company will post ($0.17) EPS for the current quarter, according to Zacks. Zacks has also assigned Town Sports International Holdings an industry rank of 174 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of Town Sports International Holdings from a “hold” rating to a “strong-buy” rating and set a $3.00 price objective for the company in a research note on Wednesday, August 3rd.
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In related news, Director Patrick Walsh purchased 109,723 shares of the stock in a transaction dated Monday, August 22nd. The shares were acquired at an average cost of $2.43 per share, for a total transaction of $266,626.89. Following the acquisition, the director now directly owns 299,294 shares in the company, valued at approximately $727,284.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 19.80% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Town Sports International Holdings by 0.4% in the second quarter. Vanguard Group Inc. now owns 748,911 shares of the company’s stock valued at $2,037,000 after buying an additional 2,712 shares in the last quarter. GSA Capital Partners LLP boosted its position in Town Sports International Holdings by 32.8% in the second quarter. GSA Capital Partners LLP now owns 65,352 shares of the company’s stock valued at $178,000 after buying an additional 16,159 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Town Sports International Holdings by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 39,016 shares of the company’s stock valued at $106,000 after buying an additional 704 shares in the last quarter. Institutional investors and hedge funds own 62.26% of the company’s stock.
Shares of Town Sports International Holdings (NASDAQ:CLUB) traded down 2.11% during mid-day trading on Tuesday, reaching $2.78. The company had a trading volume of 8,585 shares. Town Sports International Holdings has a 52-week low of $0.92 and a 52-week high of $3.97. The stock has a market capitalization of $69.74 million, a P/E ratio of 0.91 and a beta of 2.84. The company’s 50-day moving average is $3.01 and its 200 day moving average is $2.97.
Town Sports International Holdings (NASDAQ:CLUB) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $1.00. Analysts anticipate that Town Sports International Holdings will post $0.24 EPS for the current fiscal year.
Town Sports International Holdings Company Profile
Town Sports International Holdings, Inc (Town Sports) is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States. The Company, through its subsidiaries, operates over 150 fitness clubs (clubs) and approximately three BFX Studio (studio) locations. The Company’s operating segments include New York Sports Clubs (NYSC), Boston Sports Clubs (BSC), Philadelphia Sports Clubs (PSC), Washington Sports Clubs (WSC), Swiss Sports Clubs and BFX Studio.
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