Bridgeway Capital Management Inc. reduced its holdings in shares of Town Sports International Holdings, Inc. (NASDAQ:CLUB) by 42.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 123,571 shares of the company’s stock after selling 90,900 shares during the period. Bridgeway Capital Management Inc.’s holdings in Town Sports International were worth $1,069,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Town Sports International in the second quarter worth approximately $132,000. Cubist Systematic Strategies LLC bought a new position in shares of Town Sports International in the second quarter worth approximately $166,000. Bank of Montreal Can bought a new position in shares of Town Sports International in the second quarter worth approximately $195,000. Wells Fargo & Company MN grew its holdings in shares of Town Sports International by 51.4% in 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 last quarter. Finally, Rhumbline Advisers bought a new position in shares of Town Sports International in the second quarter worth approximately $216,000. Institutional investors and hedge funds own 73.18% of the company’s stock.

In other Town Sports International news, CEO Patrick Walsh purchased 4,301 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was bought at an average price of $8.80 per share, with a total value of $37,848.80. Following the completion of the purchase, the chief executive officer now directly owns 1,507,749 shares of the company’s stock, valued at approximately $13,268,191.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 16.00% of the company’s stock.

Several research analysts have recently issued reports on the stock. ValuEngine cut shares of Town Sports International from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Zacks Investment Research cut shares of Town Sports International from a “hold” rating to a “strong sell” rating in a report on Thursday, November 1st. Imperial Capital dropped their price target on Town Sports International from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Tuesday, October 30th. Finally, BidaskClub lowered Town Sports International from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $11.00.

Shares of CLUB stock opened at $6.94 on Friday. Town Sports International Holdings, Inc. has a 52 week low of $5.45 and a 52 week high of $14.85. The firm has a market capitalization of $184.30 million, a P/E ratio of -40.82 and a beta of 2.28.

Town Sports International (NASDAQ:CLUB) last announced its quarterly earnings results on Thursday, October 25th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.13). Town Sports International had a negative return on equity of 1.31% and a net margin of 4.32%. The business had revenue of $110.17 million during the quarter, compared to analysts’ expectations of $110.98 million.

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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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Institutional Ownership by Quarter for Town Sports International (NASDAQ:CLUB)

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