Zacks Investment Research downgraded shares of Town Sports International Holdings, Inc. (NASDAQ:CLUB) from a buy rating to a hold rating in a report published on Monday.

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, Imperial Capital reissued an outperform rating and issued a $7.50 price target (up from $5.00) on shares of Town Sports International Holdings in a report on Monday, July 31st.

Shares of Town Sports International Holdings (NASDAQ:CLUB) remained flat at $6.95 during midday trading on Monday. 4,389 shares of the stock traded hands. The firm’s market cap is $175.42 million. The company has a 50-day moving average price of $6.18 and a 200 day moving average price of $4.70. Town Sports International Holdings has a 12-month low of $2.10 and a 12-month high of $7.15.

Town Sports International Holdings (NASDAQ:CLUB) last issued its earnings results on Thursday, July 27th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.12. The firm had revenue of $99.99 million during the quarter, compared to the consensus estimate of $98.68 million. On average, equities research analysts predict that Town Sports International Holdings will post ($0.24) EPS for the current year.

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In other Town Sports International Holdings news, Director Louis Spencer Wells sold 6,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $5.90, for a total value of $35,400.00. Following the transaction, the director now directly owns 21,235 shares of the company’s stock, valued at approximately $125,286.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 19.00% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its holdings in Town Sports International Holdings by 5.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,317,100 shares of the company’s stock valued at $4,676,000 after acquiring an additional 67,700 shares during the period. Bank of New York Mellon Corp grew its position in shares of Town Sports International Holdings by 6.6% during the 1st quarter. Bank of New York Mellon Corp now owns 35,984 shares of the company’s stock worth $128,000 after purchasing an additional 2,220 shares in the last quarter. Kennedy Capital Management Inc. grew its position in shares of Town Sports International Holdings by 1.0% during the 2nd quarter. Kennedy Capital Management Inc. now owns 214,626 shares of the company’s stock worth $1,009,000 after purchasing an additional 2,089 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Town Sports International Holdings by 340.7% during the 2nd quarter. Acadian Asset Management LLC now owns 33,055 shares of the company’s stock worth $155,000 after purchasing an additional 25,555 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Town Sports International Holdings by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 359,779 shares of the company’s stock worth $1,691,000 after purchasing an additional 6,162 shares in the last quarter. 50.52% of the stock is currently owned by hedge funds and other institutional investors.

Town Sports International Holdings Company Profile

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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