Town Sports International (CLUB) Hits New 52-Week Low at $4.01

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

A number of equities analysts have recently commented on CLUB shares. Zacks Investment Research raised shares of Town Sports International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 1st. ValuEngine downgraded shares of Town Sports International from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th.

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

In related news, CFO Carolyn Spatafora sold 58,168 shares of Town Sports International stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $5.39, for a total transaction of $313,525.52. Following the sale, the chief financial officer now owns 131,666 shares of the company’s stock, valued at approximately $709,679.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pw Partners Atlas Fund Iii, Lp purchased 38,303 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average cost of $5.36 per share, for a total transaction of $205,304.08. Following the purchase, the insider now directly owns 1,840,806 shares in the company, valued at $9,866,720.16. The disclosure for this purchase can be found here. Insiders have sold a total of 99,543 shares of company stock worth $545,305 in the last ninety days. 16.00% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its stake in Town Sports International by 38.9% during the 4th quarter. Rhumbline Advisers now owns 20,799 shares of the company’s stock worth $133,000 after buying an additional 5,830 shares during the period. Menta Capital LLC grew its holdings in Town Sports International by 10.3% during the 4th quarter. Menta Capital LLC now owns 22,439 shares of the company’s stock worth $144,000 after acquiring an additional 2,100 shares in the last quarter. PEAK6 Investments LLC grew its holdings in Town Sports International by 168.1% during the 4th quarter. PEAK6 Investments LLC now owns 28,590 shares of the company’s stock worth $183,000 after acquiring an additional 17,926 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Town Sports International by 51.4% during the 3rd 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 in the last quarter. Finally, First Trust Advisors LP grew its holdings in Town Sports International by 18.6% during the 4th quarter. First Trust Advisors LP now owns 45,077 shares of the company’s stock worth $288,000 after acquiring an additional 7,082 shares in the last quarter. 70.93% of the stock is currently owned by hedge funds and other institutional investors.

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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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