Brokerages Set $7.50 Target Price for Town Sports International Holdings, Inc. (CLUB)

Shares of Town Sports International Holdings, Inc. (NASDAQ:CLUB) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Analysts have set a one year consensus target price 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 given Town Sports International an industry rank of 163 out of 265 based on the ratings given to related companies.

CLUB has been the topic of a number of research analyst reports. Zacks Investment Research lowered Town Sports International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 1st. ValuEngine raised Town Sports International from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st.

Town Sports International (NASDAQ:CLUB) traded down $0.05 on Friday, reaching $6.05. 21,849 shares of the company’s stock were exchanged, compared to its average volume of 48,477. Town Sports International has a 52-week low of $3.00 and a 52-week high of $7.15. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of -1.95. The company has a market cap of $161.42, a price-to-earnings ratio of -9.45 and a beta of 3.07.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC purchased a new position in Town Sports International in the third quarter valued at about $105,000. JPMorgan Chase & Co. raised its holdings in shares of Town Sports International by 3,416.2% during the third 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 raised its holdings in shares of Town Sports International by 1.7% during the second 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 bought a new stake in shares of Town Sports International during the third quarter valued at approximately $324,000. Finally, Alambic Investment Management L.P. raised its holdings in shares of Town Sports International by 379.9% during the fourth quarter. Alambic Investment Management L.P. now owns 81,100 shares of the company’s stock valued at $450,000 after buying an additional 64,200 shares during the last quarter. 54.74% of the stock is owned by hedge funds and other institutional investors.

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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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