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 provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokerages have set a 1-year consensus price objective of $5.00 for the company and are forecasting that the company will post ($0.17) EPS for the current quarter, according to Zacks. Zacks has also given Town Sports International Holdings an industry rank of 152 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research raised Town Sports International Holdings from a “hold” rating to a “strong-buy” rating and set a $3.00 target price on the stock in a report on Wednesday, August 3rd.

Shares of Town Sports International Holdings (NASDAQ:CLUB) traded down 0.779% on Friday, reaching $3.185. The company’s stock had a trading volume of 4,607 shares. The stock has a market capitalization of $79.91 million, a P/E ratio of 1.039 and a beta of 2.63. Town Sports International Holdings has a 1-year low of $0.92 and a 1-year high of $3.97. The company has a 50 day moving average of $2.88 and a 200 day moving average of $2.86.

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

In other Town Sports International Holdings news, Director Patrick Walsh acquired 109,723 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were purchased at an average price of $2.43 per share, with a total value of $266,626.89. Following the completion of the acquisition, the director now directly owns 299,294 shares of the company’s stock, valued at approximately $727,284.42. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 19.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in Town Sports International Holdings by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 39,016 shares of the company’s stock valued at $106,000 after buying an additional 704 shares during the period. GSA Capital Partners LLP raised its stake in Town Sports International Holdings by 32.8% in the second quarter. GSA Capital Partners LLP now owns 65,352 shares of the company’s stock valued at $178,000 after buying an additional 16,159 shares during the period. Vanguard Group Inc. raised its stake in Town Sports International Holdings by 0.4% in the second quarter. Vanguard Group Inc. now owns 748,911 shares of the company’s stock valued at $2,037,000 after buying an additional 2,712 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Town Sports International Holdings by 5.1% in the first quarter. Renaissance Technologies LLC now owns 1,054,100 shares of the company’s stock valued at $3,025,000 after buying an additional 51,000 shares during the period. 62.29% of the stock is currently owned by hedge funds and other institutional investors.

Town Sports International Holdings Company Profile

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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