According to Zacks, “TOWN SPORTS INTERNATIONAL, INC. health club company is the largest in the Northeastern United States. TSI owns and operates the Sports Clubs Network of clubs, which includes New York Sports Clubs, Boston Sports Clubs, Washington Sports Clubs and Philadelphia Sports Clubs. There are also three locations in Switzerland: the Forum and the Joggeli Fitness Clubs in Basel and the Luxor Club in Zurich. All Sports Clubs locations offer a multitude of options for everyone, including a wide range of group exercise and fitness programs. Select facilities also offer racquet sports, pools, basketball courts and other recreational activities. All Clubs are fully equipped with tons of strength training equipment, cardiovascular machines and other exercise equipment. Additional services such as personal training, massage, steam room and sauna, Sports Clubs for Kids and fitness assessments are also available. “
A number of other brokerages have also recently issued reports on CLUB. ValuEngine cut shares of Town Sports International from a hold rating to a sell rating in a report on Tuesday, March 5th. Imperial Capital reiterated an outperform rating and issued a $5.50 price objective (down from $11.00) on shares of Town Sports International in a report on Tuesday, April 30th.
Town Sports International (NASDAQ:CLUB) last issued its quarterly earnings data on Thursday, April 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.13). The business had revenue of $116.60 million during the quarter, compared to the consensus estimate of $114.63 million. Town Sports International had a negative return on equity of 0.10% and a negative net margin of 0.69%. Analysts forecast that Town Sports International will post -0.22 EPS for the current fiscal year.
In other Town Sports International news, CFO Carolyn Spatafora sold 38,333 shares of the business’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 completion of the transaction, the chief financial officer now owns 93,333 shares of the company’s stock, valued at approximately $524,531.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Pw Partners Atlas Fund Iii, Lp bought 247,895 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were purchased at an average cost of $3.62 per share, with a total value of $897,379.90. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 452,002 shares of company stock valued at $1,695,011 and have sold 99,543 shares valued at $545,305. 13.30% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Town Sports International by 7.8% during the 3rd quarter. Vanguard Group Inc. now owns 875,641 shares of the company’s stock worth $7,575,000 after acquiring an additional 63,306 shares during the last quarter. Vanguard Group Inc lifted its position in Town Sports International by 7.8% during the 3rd quarter. Vanguard Group Inc now owns 875,641 shares of the company’s stock worth $7,575,000 after acquiring an additional 63,306 shares during the last quarter. BlackRock Inc. lifted its position in Town Sports International by 2.9% during the 4th quarter. BlackRock Inc. now owns 812,052 shares of the company’s stock worth $5,197,000 after acquiring an additional 23,008 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Town Sports International by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 714,220 shares of the company’s stock worth $3,400,000 after acquiring an additional 10,849 shares during the last quarter. Finally, Rothschild Investment Corp IL lifted its position in Town Sports International by 15.3% during the 1st quarter. Rothschild Investment Corp IL now owns 460,641 shares of the company’s stock worth $2,193,000 after acquiring an additional 61,250 shares during the last quarter. 71.40% of the stock is owned by hedge funds and other 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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