ValuEngine cut shares of Town Sports International (NASDAQ:CLUB) from a buy rating to a hold rating in a research report released on Tuesday morning.

A number of other equities research analysts have also weighed in on CLUB. BidaskClub lowered shares of Town Sports International from a strong-buy rating to a buy rating in a report on Friday, August 31st. Zacks Investment Research lowered shares of Town Sports International from a strong-buy rating to a hold rating in a report on Tuesday, July 3rd. Finally, Imperial Capital boosted their price objective on shares of Town Sports International to $13.00 and gave the company an outperform rating in a report on Monday, May 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Town Sports International presently has an average rating of Hold and an average target price of $12.00.

Shares of CLUB opened at $8.30 on Tuesday. The firm has a market cap of $228.40 million, a PE ratio of -48.82 and a beta of 2.32. The company has a debt-to-equity ratio of -2.58, a quick ratio of 0.91 and a current ratio of 0.91. Town Sports International has a 1-year low of $5.00 and a 1-year high of $14.85.

Town Sports International (NASDAQ:CLUB) last announced its quarterly earnings data on Friday, July 27th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The firm had revenue of $112.33 million for the quarter, compared to analysts’ expectations of $110.71 million. sell-side analysts anticipate that Town Sports International will post 0.15 EPS for the current fiscal year.

In other Town Sports International news, insider Pw Partners Atlas Fund Iii, Lp purchased 2,806 shares of the stock in a transaction on Thursday, June 14th. The shares were bought at an average cost of $11.60 per share, with a total value of $32,549.60. Following the completion of the acquisition, the insider now owns 1,503,448 shares in the company, valued at $17,439,996.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Nitin Ajmera sold 15,728 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $9.36, for a total transaction of $147,214.08. Following the completion of the sale, the senior vice president now directly owns 36,258 shares in the company, valued at $339,374.88. The disclosure for this sale can be found here. 16.00% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Town Sports International in the second quarter valued at $132,000. Laurel Wealth Advisors Inc. purchased a new stake in Town Sports International in the first quarter valued at $148,000. Cubist Systematic Strategies LLC purchased a new stake in Town Sports International in the second quarter valued at $166,000. Element Capital Management LLC purchased a new stake in Town Sports International in the first quarter valued at $178,000. Finally, Bank of Montreal Can purchased a new stake in Town Sports International in the second quarter valued at $195,000. 70.36% of the stock is currently owned by institutional investors.

About Town Sports International

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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