Zacks: Town Sports International Holdings, Inc. (CLUB) Receives Consensus Recommendation of “Strong Buy” from Brokerages

Town Sports International Holdings, Inc. (NASDAQ:CLUB) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus price target of $7.50 for the company and are expecting that the company will post ($0.02) EPS for the current quarter, according to Zacks. Zacks has also assigned Town Sports International an industry rank of 214 out of 265 based on the ratings given to related companies.

A number of research firms recently weighed in on CLUB. ValuEngine upgraded Town Sports International from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research cut Town Sports International from a “buy” rating to a “hold” rating in a report on Monday, October 2nd.

Shares of Town Sports International (NASDAQ:CLUB) remained flat at $$5.60 during mid-day trading on Friday. The company had a trading volume of 30,433 shares, compared to its average volume of 55,585. The firm has a market capitalization of $149.41, a PE ratio of -8.75 and a beta of 3.03. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of -1.95. Town Sports International has a fifty-two week low of $2.60 and a fifty-two week high of $7.15.

In other Town Sports International news, CFO Carolyn Spatafora sold 11,546 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $5.74, for a total transaction of $66,274.04. Following the sale, the chief financial officer now owns 218,729 shares in the company, valued at approximately $1,255,504.46. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michelle Ryan sold 11,316 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $5.98, for a total value of $67,669.68. Following the sale, the insider now owns 18,333 shares in the company, valued at approximately $109,631.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,097 shares of company stock worth $170,174. Insiders own 19.00% of the company’s stock.

Large investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new stake in Town Sports International during the 3rd quarter valued at $105,000. JPMorgan Chase & Co. grew its holdings in Town Sports International by 3,416.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,581 shares of the company’s stock valued at $120,000 after buying an additional 17,081 shares during the last quarter. Northern Trust Corp grew its holdings in Town Sports International by 1.7% during the 2nd quarter. Northern Trust Corp now owns 48,863 shares of the company’s stock valued at $230,000 after buying an additional 838 shares during the last quarter. Algert Global LLC acquired a new stake in Town Sports International during the 3rd quarter valued at $324,000. Finally, GSA Capital Partners LLP grew its holdings in Town Sports International by 25.6% during the 3rd quarter. GSA Capital Partners LLP now owns 70,211 shares of the company’s stock valued at $491,000 after buying an additional 14,300 shares during the last quarter. Hedge funds and other institutional investors own 54.24% of the company’s stock.

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Town Sports International Company Profile

Town Sports International Holdings, Inc is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States fitness. As of December 31, 2016, the Company, through its subsidiaries, operated 150 fitness clubs (clubs). It owned and operated a total of 102 clubs under the New York Sports Clubs (NYSC) brand name within a 120-mile radius of New York City as of December 31, 2016, including 35 locations in Manhattan.

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