Town Sports International (NASDAQ:CLUB) Stock Rating Upgraded by Zacks Investment Research

Town Sports International (NASDAQ:CLUB) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday, January 1st.

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. “

Separately, ValuEngine raised shares of Town Sports International from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st.

Town Sports International (NASDAQ CLUB) traded up $0.10 during trading hours on Monday, reaching $6.00. 65,300 shares of the company were exchanged, compared to its average volume of 49,856. Town Sports International has a 1-year low of $2.60 and a 1-year high of $7.15. The company has a market capitalization of $160.09, a price-to-earnings ratio of -9.52 and a beta of 3.03. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of -1.95.

Town Sports International (NASDAQ:CLUB) last released its quarterly earnings results on Thursday, October 26th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.28). analysts anticipate that Town Sports International will post -0.64 EPS for the current fiscal year.

In other Town Sports International news, CFO Carolyn Spatafora sold 11,546 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $5.74, for a total transaction of $66,274.04. Following the sale, the chief financial officer now directly owns 218,729 shares in the company, valued at $1,255,504.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michelle Ryan sold 11,316 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $5.98, for a total transaction of $67,669.68. Following the sale, the insider now owns 18,333 shares in the company, valued at $109,631.34. The disclosure for this sale can be found here. Insiders have sold 29,097 shares of company stock worth $170,174 over the last quarter. Corporate insiders own 19.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP boosted its stake in shares of Town Sports International by 25.6% in the 3rd quarter. GSA Capital Partners LLP now owns 70,211 shares of the company’s stock valued at $491,000 after purchasing an additional 14,300 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Town Sports International in the 3rd quarter valued at approximately $324,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Town Sports International in the 3rd quarter valued at approximately $105,000. Dimensional Fund Advisors LP boosted its stake in shares of Town Sports International by 22.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 441,487 shares of the company’s stock valued at $3,090,000 after purchasing an additional 81,708 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware acquired a new stake in shares of Town Sports International in the 3rd quarter valued at approximately $1,045,000. Institutional investors own 54.24% of the company’s stock.

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About Town Sports International

Town Sports International Holdings, Inc is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States fitness. As of December 31, 2016, the Company, through its subsidiaries, operated 150 fitness clubs (clubs). It owned and operated a total of 102 clubs under the New York Sports Clubs (NYSC) brand name within a 120-mile radius of New York City as of December 31, 2016, including 35 locations in Manhattan.

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