Zacks Investment Research lowered shares of Town Sports International Holdings, Inc. (NASDAQ:CLUB) from a hold rating to a strong sell rating in a report published on Wednesday morning.

According to Zacks, “TOWN SPORTS INTERNATIONAL, INC. health club company is the largest in the Northeastern United States. TSI owns and operates the Sports Clubs Network of clubs, which includes New York Sports Clubs, Boston Sports Clubs, Washington Sports Clubs and Philadelphia Sports Clubs. There are also three locations in Switzerland: the Forum and the Joggeli Fitness Clubs in Basel and the Luxor Club in Zurich. All Sports Clubs locations offer a multitude of options for everyone, including a wide range of group exercise and fitness programs. Select facilities also offer racquet sports, pools, basketball courts and other recreational activities. All Clubs are fully equipped with tons of strength training equipment, cardiovascular machines and other exercise equipment. Additional services such as personal training, massage, steam room and sauna, Sports Clubs for Kids and fitness assessments are also available. “

Separately, Imperial Capital restated an outperform rating and issued a $7.50 price target (up previously from $5.00) on shares of Town Sports International Holdings in a research report on Monday, July 31st.

Town Sports International Holdings (NASDAQ:CLUB) opened at $5.90 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of -1.95.

ILLEGAL ACTIVITY NOTICE: “Town Sports International Holdings, Inc. (CLUB) Lowered to Strong Sell at Zacks Investment Research” was first published by Daily Political and is owned by of Daily Political. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.dailypolitical.com/2017/11/05/town-sports-international-holdings-inc-club-lowered-to-strong-sell-at-zacks-investment-research.html.

In related news, Director Louis Spencer Wells sold 6,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $5.90, for a total transaction of $35,400.00. Following the sale, the director now owns 21,235 shares of the company’s stock, valued at $125,286.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 19.00% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of CLUB. Renaissance Technologies LLC boosted its stake in shares of Town Sports International Holdings by 5.4% during the first quarter. Renaissance Technologies LLC now owns 1,317,100 shares of the company’s stock valued at $4,676,000 after acquiring an additional 67,700 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Town Sports International Holdings by 340.7% during the second quarter. Acadian Asset Management LLC now owns 33,055 shares of the company’s stock valued at $155,000 after acquiring an additional 25,555 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Town Sports International Holdings by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 353,617 shares of the company’s stock valued at $1,255,000 after acquiring an additional 7,852 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Town Sports International Holdings by 6.6% during the first quarter. Bank of New York Mellon Corp now owns 35,984 shares of the company’s stock valued at $128,000 after acquiring an additional 2,220 shares during the last quarter. Finally, Kennedy Capital Management Inc. boosted its stake in shares of Town Sports International Holdings by 1.0% during the second quarter. Kennedy Capital Management Inc. now owns 214,626 shares of the company’s stock valued at $1,009,000 after acquiring an additional 2,089 shares during the last quarter. 51.00% of the stock is currently owned by institutional investors and hedge funds.

Town Sports International Holdings Company Profile

Town Sports International Holdings, Inc is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States fitness. As of December 31, 2016, the Company, through its subsidiaries, operated 150 fitness clubs (clubs). It owned and operated a total of 102 clubs under the New York Sports Clubs (NYSC) brand name within a 120-mile radius of New York City as of December 31, 2016, including 35 locations in Manhattan.

Get a free copy of the Zacks research report on Town Sports International Holdings (CLUB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Town Sports International Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Town Sports International Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.