Town Sports International (CLUB) Issues Earnings Results

Town Sports International (NASDAQ:CLUB) issued its quarterly earnings data on Thursday. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.13), Fidelity Earnings reports. Town Sports International had a negative return on equity of 1.31% and a net margin of 4.32%. The company had revenue of $110.17 million for the quarter, compared to the consensus estimate of $110.98 million.

Shares of NASDAQ:CLUB opened at $7.78 on Friday. Town Sports International has a 12 month low of $5.00 and a 12 month high of $14.85. The stock has a market cap of $250.15 million, a price-to-earnings ratio of 460.00 and a beta of 2.31.

In other Town Sports International news, CEO Patrick Walsh bought 4,301 shares of the business’s stock in a transaction on Friday, September 14th. The shares were bought at an average cost of $8.80 per share, for a total transaction of $37,848.80. Following the transaction, the chief executive officer now owns 1,507,749 shares in the company, valued at approximately $13,268,191.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Carolyn Spatafora sold 35,584 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $10.14, for a total transaction of $360,821.76. Following the transaction, the chief financial officer now owns 165,537 shares in the company, valued at $1,678,545.18. The disclosure for this sale can be found here. 16.00% of the stock is owned by corporate insiders.



A hedge fund recently raised its stake in Town Sports International stock. Bank of New York Mellon Corp raised its holdings in shares of Town Sports International Holdings, Inc. (NASDAQ:CLUB) by 76.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,969 shares of the company’s stock after purchasing an additional 48,998 shares during the period. Bank of New York Mellon Corp owned 0.42% of Town Sports International worth $1,644,000 as of its most recent filing with the Securities and Exchange Commission. 70.34% of the stock is owned by institutional investors.

A number of equities research analysts have commented on CLUB shares. 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. ValuEngine lowered shares of Town Sports International from a “strong-buy” rating to a “buy” rating in a report on Friday, August 3rd. Finally, BidaskClub lowered shares of Town Sports International from a “strong-buy” rating to a “buy” rating in a report on Friday, August 31st. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $12.00.

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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Earnings History for Town Sports International (NASDAQ:CLUB)

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