Town Sports International Holdings, Inc. (NASDAQ:CLUB) – Investment analysts at Imperial Capital lowered their Q2 2019 earnings per share (EPS) estimates for shares of Town Sports International in a research report issued to clients and investors on Tuesday, April 30th, Zacks Investment Research reports. Imperial Capital analyst G. Kelly now anticipates that the company will post earnings per share of ($0.02) for the quarter, down from their previous estimate of $0.06. Imperial Capital currently has a “Outperform” rating and a $5.50 price target on the stock. Imperial Capital also issued estimates for Town Sports International’s Q3 2019 earnings at ($0.07) EPS, Q4 2019 earnings at ($0.04) EPS, FY2019 earnings at ($0.22) EPS and FY2020 earnings at ($0.16) EPS.
Several other analysts have also recently weighed in on the stock. ValuEngine raised shares of Town Sports International from a “sell” rating to a “hold” rating in a research note on Tuesday, March 26th. Zacks Investment Research cut shares of Town Sports International from a “hold” rating to a “sell” rating in a research note on Thursday, May 2nd.
Town Sports International (NASDAQ:CLUB) last issued its quarterly earnings data on Thursday, April 25th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.13). Town Sports International had a negative return on equity of 0.10% and a negative net margin of 0.69%. The business had revenue of $116.60 million during the quarter, compared to the consensus estimate of $114.63 million.
In other news, insider Pw Partners Atlas Fund Iii, Lp purchased 38,303 shares of the business’s stock in a transaction on Friday, March 15th. The shares were acquired at an average price of $5.36 per share, with a total value of $205,304.08. Following the completion of the transaction, the insider now owns 1,840,806 shares of the company’s stock, valued at approximately $9,866,720.16. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Carolyn Spatafora sold 38,333 shares of the company’s stock in a transaction on 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 disclosure for this sale can be found here. In the last ninety days, insiders have acquired 452,002 shares of company stock worth $1,695,011 and have sold 99,543 shares worth $545,305. Corporate insiders own 13.30% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of CLUB. AQR Capital Management LLC boosted its position in Town Sports International by 411.4% during the third quarter. AQR Capital Management LLC now owns 304,755 shares of the company’s stock valued at $2,637,000 after acquiring an additional 245,164 shares during the last quarter. Martingale Asset Management L P bought a new position in shares of Town Sports International during the 3rd quarter worth about $867,000. Assenagon Asset Management S.A. boosted its position in shares of Town Sports International by 115.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 186,155 shares of the company’s stock worth $886,000 after purchasing an additional 99,789 shares in the last quarter. GSA Capital Partners LLP raised its holdings in shares of Town Sports International by 90.7% in the 4th quarter. GSA Capital Partners LLP now owns 165,494 shares of the company’s stock worth $1,059,000 after acquiring an additional 78,708 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Town Sports International by 63.5% in the 4th quarter. Bank of New York Mellon Corp now owns 186,925 shares of the company’s stock worth $1,196,000 after acquiring an additional 72,581 shares during the last quarter. 71.40% of the stock is currently owned by institutional investors and hedge funds.
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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