Stadium Capital Management LLC raised its stake in Town Sports International Holdings, Inc. (NASDAQ:CLUB) by 138.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,590,886 shares of the company’s stock after buying an additional 924,279 shares during the period. Town Sports International accounts for 5.3% of Stadium Capital Management LLC’s holdings, making the stock its 5th largest holding. Stadium Capital Management LLC owned approximately 5.85% of Town Sports International worth $13,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of CLUB. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Town Sports International by 21.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 51,150 shares of the company’s stock worth $442,000 after purchasing an additional 8,900 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Town Sports International by 8.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 676,794 shares of the company’s stock worth $5,855,000 after purchasing an additional 55,551 shares during the period. Panagora Asset Management Inc. lifted its position in shares of Town Sports International by 45.1% in the 3rd quarter. Panagora Asset Management Inc. now owns 178,398 shares of the company’s stock worth $1,543,000 after purchasing an additional 55,445 shares during the period. Martingale Asset Management L P purchased a new stake in shares of Town Sports International in the 3rd quarter worth about $867,000. Finally, American Century Companies Inc. purchased a new stake in shares of Town Sports International in the 3rd quarter worth about $775,000. Hedge funds and other institutional investors own 73.18% of the company’s stock.

Shares of Town Sports International stock traded down $0.02 during trading on Friday, hitting $6.92. The company’s stock had a trading volume of 899 shares, compared to its average volume of 96,125. The firm has a market cap of $184.30 million, a price-to-earnings ratio of -41.12 and a beta of 2.28. Town Sports International Holdings, Inc. has a 52 week low of $5.45 and a 52 week high of $14.85.

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

Several equities research analysts have recently commented on the stock. ValuEngine raised shares of Town Sports International from a “hold” rating to a “buy” rating in a research report on Tuesday, October 16th. Zacks Investment Research lowered shares of Town Sports International from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 1st. Imperial Capital decreased their price target on shares of 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 shares of Town Sports International from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $11.00.

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

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Town Sports International Company Profile

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.

Further Reading: What is a Swap?

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

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