Panagora Asset Management Inc. boosted its stake in Town Sports International Holdings, Inc. (NASDAQ:CLUB) by 45.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 178,398 shares of the company’s stock after purchasing an additional 55,445 shares during the quarter. Panagora Asset Management Inc. owned about 0.66% of Town Sports International worth $1,543,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Russell Investments Group Ltd. grew its holdings in Town Sports International by 19.0% in the second quarter. Russell Investments Group Ltd. now owns 39,139 shares of the company’s stock worth $544,000 after purchasing an additional 6,252 shares during the period. Wells Fargo & Company MN grew its holdings in Town Sports International by 51.4% in the third quarter. Wells Fargo & Company MN now owns 24,686 shares of the company’s stock worth $214,000 after purchasing an additional 8,382 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Town Sports International in the second quarter worth $132,000. Cubist Systematic Strategies LLC acquired a new stake in Town Sports International in the second quarter worth $166,000. Finally, Bank of Montreal Can acquired a new stake in Town Sports International in the second quarter worth $195,000. Institutional investors and hedge funds own 73.18% of the company’s stock.
A number of equities research analysts have commented on CLUB shares. BidaskClub cut shares of Town Sports International from a “strong-buy” rating to a “buy” rating in a report on Friday, August 31st. ValuEngine lowered shares of Town Sports International from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Imperial Capital dropped their price objective on shares of Town Sports International from $13.00 to $11.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 30th. Finally, Zacks Investment Research lowered shares of Town Sports International from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 1st. One investment 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’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.00.
Town Sports International (NASDAQ:CLUB) last released its quarterly earnings data on Thursday, October 25th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.13). Town Sports International had a net margin of 4.32% and a negative return on equity of 1.31%. The business had revenue of $110.17 million during the quarter, compared to the consensus estimate of $110.98 million.
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Town Sports International Company Profile
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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