TheStreet cut shares of Town Sports International (NASDAQ:CLUB) from a c- rating to a d rating in a report released on Wednesday morning, TheStreetRatingsTable reports.

Several other research firms also recently commented on CLUB. Imperial Capital restated an outperform rating and issued a $5.50 price target (down from $11.00) on shares of Town Sports International in a research note on Tuesday, April 30th. Zacks Investment Research upgraded shares of Town Sports International from a sell rating to a hold rating in a research note on Monday, May 20th. Finally, ValuEngine downgraded shares of Town Sports International from a hold rating to a sell rating in a research note on Tuesday, March 5th. 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 stock. Town Sports International presently has an average rating of Hold and a consensus price target of $5.50.

NASDAQ:CLUB opened at $2.97 on Wednesday. Town Sports International has a one year low of $2.90 and a one year high of $14.85.

Town Sports International (NASDAQ:CLUB) last released its quarterly earnings data on Thursday, April 25th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.13). Town Sports International had a negative net margin of 0.69% and a negative return on equity of 0.10%. The company had revenue of $116.60 million during the quarter, compared to analyst estimates of $114.63 million. Analysts forecast that Town Sports International will post -0.22 EPS for the current year.

In other news, insider Pw Partners Atlas Fund Iii, Lp acquired 247,895 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average price of $3.62 per share, with a total value of $897,379.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Carolyn Spatafora sold 58,168 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $5.39, for a total transaction of $313,525.52. Following the sale, the chief financial officer now directly owns 131,666 shares of the company’s stock, valued at approximately $709,679.74. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 452,002 shares of company stock worth $1,695,011 and sold 99,543 shares worth $545,305. Corporate insiders own 13.30% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc lifted its position in Town Sports International by 7.8% during the third quarter. Vanguard Group Inc now owns 875,641 shares of the company’s stock worth $7,575,000 after purchasing an additional 63,306 shares during the period. Vanguard Group Inc. lifted its position in Town Sports International by 7.8% during the third quarter. Vanguard Group Inc. now owns 875,641 shares of the company’s stock worth $7,575,000 after purchasing an additional 63,306 shares during the period. BlackRock Inc. lifted its position in Town Sports International by 2.9% during the fourth quarter. BlackRock Inc. now owns 812,052 shares of the company’s stock worth $5,197,000 after purchasing an additional 23,008 shares during the period. Dimensional Fund Advisors LP lifted its position in Town Sports International by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 714,220 shares of the company’s stock worth $3,400,000 after purchasing an additional 10,849 shares during the period. Finally, Rothschild Investment Corp IL lifted its position in Town Sports International by 15.3% during the first quarter. Rothschild Investment Corp IL now owns 460,641 shares of the company’s stock worth $2,193,000 after purchasing an additional 61,250 shares during the period. 70.43% of the stock is owned by institutional investors and hedge funds.

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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