ValuEngine Upgrades Town Sports International (NASDAQ:CLUB) to Hold

ValuEngine upgraded shares of Town Sports International (NASDAQ:CLUB) from a sell rating to a hold rating in a report issued on Thursday morning, ValuEngine reports.

CLUB has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Town Sports International from a hold rating to a sell rating in a research report on Tuesday, June 25th. TheStreet downgraded shares of Town Sports International from a c- rating to a d rating in a research report on Wednesday, May 22nd. Finally, Imperial Capital reissued an outperform rating and set a $5.50 price target (down previously from $11.00) on shares of Town Sports International in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $5.50.

CLUB stock opened at $1.48 on Thursday. Town Sports International has a twelve month low of $1.46 and a twelve month high of $10.30. The stock’s 50 day moving average is $2.11.

Town Sports International (NASDAQ:CLUB) last released its quarterly earnings results on Thursday, July 25th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Town Sports International had a negative return on equity of 0.10% and a negative net margin of 1.12%. The company had revenue of $118.70 million for the quarter, compared to analyst estimates of $119.57 million. Research analysts expect that Town Sports International will post -0.22 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in CLUB. Rothschild Investment Corp IL lifted its stake in Town Sports International by 34.4% during the second quarter. Rothschild Investment Corp IL now owns 618,991 shares of the company’s stock worth $1,343,000 after purchasing an additional 158,350 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Town Sports International by 115.5% during the first 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 during the last quarter. Bank of New York Mellon Corp lifted its stake in Town Sports International by 63.5% during the fourth quarter. Bank of New York Mellon Corp now owns 186,925 shares of the company’s stock worth $1,196,000 after purchasing an additional 72,581 shares during the last quarter. Millennium Management LLC lifted its stake in Town Sports International by 97.0% during the fourth quarter. Millennium Management LLC now owns 97,713 shares of the company’s stock worth $625,000 after purchasing an additional 48,114 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Town Sports International during the first quarter worth $178,000. Hedge funds and other institutional investors own 73.14% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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