Town Sports International Holdings, Inc. (CLUB) Position Boosted by Bank of New York Mellon Corp
Bank of New York Mellon Corp boosted its position in shares of Town Sports International Holdings, Inc. (NASDAQ:CLUB) by 6.6% during the first quarter, Holdings Channel reports. The institutional investor owned 35,984 shares of the company’s stock after buying an additional 2,220 shares during the period. Bank of New York Mellon Corp’s holdings in Town Sports International Holdings were worth $128,000 as of its most recent SEC filing.
Shares of Town Sports International Holdings, Inc. (NASDAQ CLUB) traded down 1.82% during trading on Friday, hitting $5.40. 120,698 shares of the company traded hands. The company has a 50-day moving average of $4.92 and a 200-day moving average of $3.95. The stock’s market capitalization is $136.30 million. Town Sports International Holdings, Inc. has a 52-week low of $2.10 and a 52-week high of $5.88.
Town Sports International Holdings (NASDAQ:CLUB) last announced its quarterly 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 business had revenue of $99.99 million during the quarter, compared to analyst estimates of $98.68 million. Equities analysts expect that Town Sports International Holdings, Inc. will post ($0.24) EPS for the current year.
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A number of research firms have recently weighed in on CLUB. Imperial Capital restated 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. Zacks Investment Research raised shares of Town Sports International Holdings from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research report on Tuesday, May 2nd.
In other news, insider Michael G. Linn sold 4,060,082 shares of the stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $3.60, for a total value of $14,616,295.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Hg Vora Capital Management, Ll acquired 3,850,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was purchased at an average cost of $3.60 per share, with a total value of $13,860,000.00. The disclosure for this purchase can be found here. Corporate insiders own 19.00% of the company’s stock.
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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