Town Sports International Holdings, Inc. (NASDAQ:CLUB) – Equities research analysts at Imperial Capital cut their Q2 2019 earnings per share estimates for shares of Town Sports International in a report released on Tuesday, April 30th, according to Zacks Investment Research. Imperial Capital analyst G. Kelly now anticipates that the company will post earnings per share of ($0.02) for the quarter, down from their prior estimate of $0.06. Imperial Capital has a “Outperform” rating and a $5.50 price target on the stock. Imperial Capital also issued estimates for Town Sports International’s Q3 2019 earnings at ($0.07) EPS, Q4 2019 earnings at ($0.04) EPS, FY2019 earnings at ($0.22) EPS and FY2020 earnings at ($0.16) EPS.
Town Sports International (NASDAQ:CLUB) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.13). Town Sports International had a negative return on equity of 0.10% and a negative net margin of 0.69%. The business had revenue of $116.60 million for the quarter, compared to the consensus estimate of $114.63 million.
Other equities analysts also recently issued reports about the company. TheStreet downgraded Town Sports International from a “c-” rating to a “d” rating in a research report on Wednesday. Zacks Investment Research upgraded Town Sports International from a “sell” rating to a “hold” rating in a research report on Monday, May 20th. Finally, ValuEngine upgraded Town Sports International from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Town Sports International currently has an average rating of “Hold” and a consensus target price of $5.50.
Town Sports International stock traded up $0.03 during trading hours on Thursday, hitting $2.97. The stock had a trading volume of 222,663 shares, compared to its average volume of 117,158. Town Sports International has a one year low of $2.90 and a one year high of $14.85.
In other news, CFO Carolyn Spatafora sold 38,333 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $5.62, for a total value of $215,431.46. Following the completion of the sale, the chief financial officer now owns 93,333 shares of the company’s stock, valued at $524,531.46. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Patrick Walsh purchased 125,123 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was bought at an average cost of $3.57 per share, with a total value of $446,689.11. Following the purchase, the chief executive officer now owns 1,965,929 shares of the company’s stock, valued at approximately $7,018,366.53. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 452,002 shares of company stock valued at $1,695,011 and sold 99,543 shares valued at $545,305. 13.30% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of CLUB. JPMorgan Chase & Co. grew its stake in Town Sports International by 128.4% during the first quarter. JPMorgan Chase & Co. now owns 8,450 shares of the company’s stock worth $40,000 after purchasing an additional 4,750 shares during the period. Alambic Investment Management L.P. acquired a new stake in Town Sports International during the first quarter worth approximately $54,000. Rhumbline Advisers grew its stake in Town Sports International by 38.9% during the fourth quarter. Rhumbline Advisers now owns 20,799 shares of the company’s stock worth $133,000 after purchasing an additional 5,830 shares during the period. Menta Capital LLC grew its stake in Town Sports International by 10.3% during the fourth quarter. Menta Capital LLC now owns 22,439 shares of the company’s stock worth $144,000 after purchasing an additional 2,100 shares during the period. Finally, Wells Fargo & Company MN grew its stake in Town Sports International by 51.4% during the third quarter. Wells Fargo & Company MN now owns 24,686 shares of the company’s stock worth $214,000 after purchasing an additional 8,382 shares during the period. 70.43% of the stock is owned by institutional investors.
Town Sports International Company Profile
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.