Town Sports International (CLUB) Sets New 12-Month Low at $4.01

Town Sports International Holdings, Inc. (NASDAQ:CLUB) reached a new 52-week low during trading on Monday . The stock traded as low as $4.01 and last traded at $4.03, with a volume of 408 shares changing hands. The stock had previously closed at $4.04.

Several equities research analysts recently commented on CLUB shares. Zacks Investment Research raised Town Sports International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 1st. ValuEngine cut Town Sports International from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th.

Town Sports International (NASDAQ:CLUB) last announced its earnings results on Thursday, February 28th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $113.48 million for the quarter, compared to analysts’ expectations of $112.48 million. Town Sports International had a negative return on equity of 0.10% and a net margin of 0.02%. As a group, equities research analysts forecast that Town Sports International Holdings, Inc. will post 0.23 EPS for the current fiscal year.

In other news, insider Pw Partners Atlas Fund Iii, Lp bought 38,303 shares of the company’s stock in a transaction on Friday, March 15th. The shares were acquired at an average cost of $5.36 per share, with a total value of $205,304.08. Following the completion of the transaction, the insider now owns 1,840,806 shares of the company’s stock, valued at approximately $9,866,720.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Carolyn Spatafora sold 58,168 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $5.39, for a total value of $313,525.52. Following the completion of the transaction, the chief financial officer now directly owns 131,666 shares in the company, valued at $709,679.74. The disclosure for this sale can be found here. Insiders sold 99,543 shares of company stock worth $545,305 over the last three months. Insiders own 13.30% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Menta Capital LLC boosted its position in Town Sports International by 10.3% in the fourth quarter. Menta Capital LLC now owns 22,439 shares of the company’s stock worth $144,000 after purchasing an additional 2,100 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Town Sports International by 8.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 55,400 shares of the company’s stock valued at $355,000 after buying an additional 4,250 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Town Sports International by 38.9% during the 4th quarter. Rhumbline Advisers now owns 20,799 shares of the company’s stock valued at $133,000 after buying an additional 5,830 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Town Sports International by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 235,080 shares of the company’s stock valued at $1,504,000 after buying an additional 6,963 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Town Sports International by 18.6% during the 4th quarter. First Trust Advisors LP now owns 45,077 shares of the company’s stock valued at $288,000 after buying an additional 7,082 shares in the last quarter. 70.85% of the stock is currently owned by institutional investors and hedge funds.

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Town Sports International Company Profile (NASDAQ:CLUB)

Town Sports International Holdings, Inc, together with its subsidiaries, owns and operates fitness clubs in the Northeast and Mid-Atlantic regions of the United States. The company's clubs offer special purpose rooms for group fitness classes; and other exercise programs, as well as accommodate cardiovascular and strength-training equipment.

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