Town Sports International Holdings Inc. (NASDAQ:CLUB) rose 5.4% on Wednesday . The company traded as high as $3.16 and last traded at $2.95, with a volume of 50,784 shares trading hands. The stock had previously closed at $2.80.

CLUB has been the subject of a number of research reports. Piper Jaffray Cos. reaffirmed a “hold” rating and issued a $4.00 price objective (up from $2.00) on shares of Town Sports International Holdings in a research note on Wednesday, May 4th. Imperial Capital lifted their price objective on Town Sports International Holdings from $3.00 to $5.00 and gave the company an “outperform” rating in a research note on Thursday, May 5th. Finally, Zacks Investment Research raised Town Sports International Holdings from a “hold” rating to a “strong-buy” rating and set a $3.00 price objective for the company in a research note on Wednesday, August 3rd.

The company has a 50-day moving average of $2.61 and a 200-day moving average of $2.66. The company has a market capitalization of $74.01 million and a PE ratio of 0.96.

Town Sports International Holdings (NASDAQ:CLUB) last announced its earnings results on Thursday, July 28th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $1.00. Equities analysts anticipate that Town Sports International Holdings Inc. will post $0.24 earnings per share for the current fiscal year.

In other Town Sports International Holdings news, Director Patrick Walsh purchased 109,723 shares of Town Sports International Holdings stock in a transaction on Monday, August 22nd. The shares were bought at an average price of $2.43 per share, with a total value of $266,626.89. Following the purchase, the director now directly owns 299,294 shares in the company, valued at approximately $727,284.42. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Pw Partners Atlas Fund Iii, Lp purchased 127,922 shares of Town Sports International Holdings stock in a transaction on Tuesday, June 14th. The shares were acquired at an average cost of $2.74 per share, for a total transaction of $350,506.28. Following the purchase, the insider now owns 299,294 shares in the company, valued at $820,065.56. The disclosure for this purchase can be found here.

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 over 150 fitness clubs (clubs) and approximately three BFX Studio (studio) locations. The Company’s operating segments include New York Sports Clubs (NYSC), Boston Sports Clubs (BSC), Philadelphia Sports Clubs (PSC), Washington Sports Clubs (WSC), Swiss Sports Clubs and BFX Studio.

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