Town Sports International (CLUB) Reaches New 1-Year Low at $4.01

Town Sports International Holdings, Inc. (NASDAQ:CLUB) shares reached a new 52-week low during trading on Monday . The stock traded as low as $4.01 and last traded at $4.03, with a volume of 408 shares changing hands. The stock had previously closed at $4.04.

Several brokerages recently weighed in on CLUB. ValuEngine upgraded shares of Town Sports International from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th. Zacks Investment Research upgraded shares of Town Sports International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 1st.

Town Sports International (NASDAQ:CLUB) last issued its quarterly earnings data on Thursday, February 28th. The company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.01. The firm had revenue of $113.48 million for the quarter, compared to the consensus estimate of $112.48 million. Town Sports International had a net margin of 0.02% and a negative return on equity of 0.10%. As a group, research analysts expect that Town Sports International Holdings, Inc. will post 0.23 earnings per share for the current year.

In other Town Sports International news, CFO Carolyn Spatafora sold 38,333 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $5.62, for a total transaction of $215,431.46. Following the sale, the chief financial officer now directly owns 93,333 shares in the company, valued at approximately $524,531.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Pw Partners Atlas Fund Iii, Lp purchased 38,303 shares of the company’s stock in a transaction on Friday, March 15th. The shares were bought at an average price of $5.36 per share, for a total transaction of $205,304.08. Following the completion of the transaction, the insider now directly owns 1,840,806 shares in the company, valued at approximately $9,866,720.16. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 99,543 shares of company stock worth $545,305. 16.00% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in CLUB. First Trust Advisors LP bought a new position in shares of Town Sports International in the third quarter worth about $329,000. Russell Investments Group Ltd. boosted its stake in shares of Town Sports International by 31.4% in the third quarter. Russell Investments Group Ltd. now owns 51,445 shares of the company’s stock worth $454,000 after acquiring an additional 12,306 shares during the period. Wells Fargo & Company MN boosted its stake in shares of 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 acquiring an additional 8,382 shares during the period. Martingale Asset Management L P bought a new position in shares of Town Sports International in the third quarter worth about $867,000. Finally, Panagora Asset Management Inc. boosted its stake in shares of Town Sports International by 45.1% in the third quarter. Panagora Asset Management Inc. now owns 178,398 shares of the company’s stock worth $1,543,000 after acquiring an additional 55,445 shares during the period. Institutional investors own 70.93% of the company’s stock.

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About Town Sports International (NASDAQ:CLUB)

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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