Town Sports International Holdings Inc. (NASDAQ:CLUB) traded down 2.4% on Friday . The company traded as low as $2.43 and last traded at $2.47, with a volume of 131,139 shares changing hands. The stock had previously closed at $2.53.

A number of equities research analysts recently weighed in on the stock. Piper Jaffray Cos. reiterated a “hold” rating and set a $4.00 price objective (up previously from $2.00) on shares of Town Sports International Holdings in a report on Wednesday, May 4th. Imperial Capital lifted their price objective on shares of Town Sports International Holdings from $3.00 to $5.00 and gave the company an “outperform” rating in a report on Thursday, May 5th.

The firm’s 50 day moving average price is $2.63 and its 200 day moving average price is $2.41. The company has a market capitalization of $63.07 million and a P/E ratio of 0.80.

Town Sports International Holdings (NASDAQ:CLUB) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $1.00. Equities research analysts forecast that Town Sports International Holdings Inc. will post ($0.81) earnings per share for the current fiscal year.

In other news, major shareholder Pw Partners Atlas Fund Iii, Lp bought 127,922 shares of Town Sports International Holdings stock in a transaction that occurred on Tuesday, June 14th. The shares were purchased at an average price of $2.74 per share, with a total value of $350,506.28. Following the completion of the acquisition, the insider now directly owns 299,294 shares in the company, valued at $820,065.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 approximately 158 fitness clubs under its four regional brand names: New York Sports Clubs (NYSC), Boston Sports Clubs (BSC), Philadelphia Sports Clubs (PSC) and Washington Sports Clubs (WSC).

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