Imperial Capital reissued their outperform rating on shares of Town Sports International (NASDAQ:CLUB) in a research note published on Wednesday, MarketBeat Ratings reports. The brokerage currently has a $10.50 price objective on the stock, up from their prior price objective of $8.50. Imperial Capital also issued estimates for Town Sports International’s Q4 2018 earnings at $0.10 EPS.

Several other equities analysts have also weighed in on CLUB. ValuEngine raised Town Sports International from a sell rating to a hold rating in a report on Sunday, December 31st. Zacks Investment Research raised Town Sports International from a strong sell rating to a hold rating in a report on Monday, January 1st. Finally, TheStreet raised Town Sports International from a d+ rating to a c rating in a report on Tuesday, April 10th.

Shares of NASDAQ CLUB opened at $8.35 on Wednesday. Town Sports International has a 1-year low of $3.15 and a 1-year high of $8.85. The firm has a market cap of $224.44, a price-to-earnings ratio of -49.12 and a beta of 2.69. The company has a debt-to-equity ratio of -2.49, a current ratio of 1.09 and a quick ratio of 1.09.

Town Sports International (NASDAQ:CLUB) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.13. The firm had revenue of $105.33 million for the quarter, compared to the consensus estimate of $99.64 million. analysts anticipate that Town Sports International will post -0.04 earnings per share for the current year.

In other news, CFO Carolyn Spatafora sold 12,811 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $7.39, for a total value of $94,673.29. Following the completion of the transaction, the chief financial officer now directly owns 202,353 shares of the company’s stock, valued at $1,495,388.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 20,483 shares of company stock valued at $147,494 over the last ninety days. Corporate insiders own 16.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in shares of Town Sports International by 5.0% in the fourth quarter. Renaissance Technologies LLC now owns 2,151,300 shares of the company’s stock worth $11,940,000 after acquiring an additional 102,000 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Town Sports International by 22.7% in the third quarter. Dimensional Fund Advisors LP now owns 441,487 shares of the company’s stock worth $3,090,000 after acquiring an additional 81,708 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Town Sports International by 83.2% in the fourth quarter. Acadian Asset Management LLC now owns 323,915 shares of the company’s stock worth $1,795,000 after acquiring an additional 147,125 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Town Sports International by 544.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 191,417 shares of the company’s stock worth $1,062,000 after acquiring an additional 161,717 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Town Sports International by 16.2% in the fourth quarter. Geode Capital Management LLC now owns 178,560 shares of the company’s stock worth $990,000 after acquiring an additional 24,907 shares during the period. 56.63% of the stock is owned by hedge funds and other institutional investors.

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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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