Town Sports International (NASDAQ:CLUB) announced its quarterly earnings results on Thursday. The company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.13), Fidelity Earnings reports. The company had revenue of $116.60 million during the quarter, compared to analyst estimates of $114.63 million. Town Sports International had a net margin of 0.02% and a negative return on equity of 0.10%.
Shares of CLUB stock traded down $0.38 during mid-day trading on Friday, reaching $3.75. The company’s stock had a trading volume of 8,385 shares, compared to its average volume of 83,365. Town Sports International has a 12-month low of $3.85 and a 12-month high of $14.85.
A number of equities analysts have weighed in on CLUB shares. ValuEngine upgraded shares of Town Sports International from a “sell” rating to a “hold” rating in a report on Tuesday, March 26th. 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.
A hedge fund recently raised its stake in Town Sports International stock. Geode Capital Management LLC increased its position in shares of Town Sports International Holdings, Inc. (NASDAQ:CLUB) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 235,080 shares of the company’s stock after buying an additional 6,963 shares during the period. Geode Capital Management LLC owned about 0.86% of Town Sports International worth $1,504,000 at the end of the most recent reporting period. Institutional investors own 70.85% of the company’s stock.
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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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