Town Sports International (NASDAQ:CLUB) Trading Up 5.9%

Shares of Town Sports International Holdings, Inc. (NASDAQ:CLUB) were up 5.9% on Thursday . The company traded as high as $1.62 and last traded at $1.62, approximately 237,421 shares were traded during trading. An increase of 63% from the average daily volume of 145,610 shares. The stock had previously closed at $1.53.

A number of analysts recently weighed in on CLUB shares. Zacks Investment Research lowered shares of Town Sports International from a “hold” rating to a “sell” rating in a research note on Tuesday, June 25th. ValuEngine raised Town Sports International from a “sell” rating to a “hold” rating in a report on Thursday. TheStreet downgraded Town Sports International from a “c-” rating to a “d” rating in a report on Wednesday, May 22nd. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $5.50 price target (down from $11.00) on shares of Town Sports International in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $5.50.

The business’s fifty day moving average is $2.11.

Town Sports International (NASDAQ:CLUB) last announced its quarterly earnings results on Thursday, July 25th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.03). The business had revenue of $118.70 million during the quarter, compared to analyst estimates of $119.57 million. Town Sports International had a negative net margin of 1.12% and a negative return on equity of 0.10%. Research analysts anticipate that Town Sports International Holdings, Inc. will post -0.22 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Alambic Investment Management L.P. acquired a new stake in shares of Town Sports International in the first quarter valued at approximately $54,000. FNY Investment Advisers LLC acquired a new stake in shares of Town Sports International in the second quarter valued at approximately $65,000. SG Americas Securities LLC acquired a new stake in shares of Town Sports International in the second quarter valued at approximately $80,000. Marshall Wace LLP acquired a new stake in shares of Town Sports International in the first quarter valued at approximately $178,000. Finally, Millennium Management LLC boosted its holdings in shares of Town Sports International by 97.0% in the fourth quarter. Millennium Management LLC now owns 97,713 shares of the company’s stock valued at $625,000 after acquiring an additional 48,114 shares during the period. 73.00% of the stock is owned by institutional investors and hedge funds.

About Town Sports International (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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