Acadian Asset Management LLC increased its holdings in shares of Town Sports International Holdings, Inc. (NASDAQ:CLUB) by 83.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 323,915 shares of the company’s stock after acquiring an additional 147,125 shares during the period. Acadian Asset Management LLC’s holdings in Town Sports International were worth $1,795,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new position in shares of Town Sports International during the 3rd quarter valued at approximately $105,000. JPMorgan Chase & Co. lifted its holdings in Town Sports International by 3,416.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,581 shares of the company’s stock valued at $120,000 after purchasing an additional 17,081 shares in the last quarter. Algert Global LLC purchased a new position in Town Sports International in the 3rd quarter valued at $324,000. Northern Trust Corp lifted its holdings in Town Sports International by 1.7% in the 2nd quarter. Northern Trust Corp now owns 48,863 shares of the company’s stock valued at $230,000 after purchasing an additional 838 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in Town Sports International by 25.6% in the 3rd quarter. GSA Capital Partners LLP now owns 70,211 shares of the company’s stock valued at $491,000 after purchasing an additional 14,300 shares in the last quarter. Hedge funds and other institutional investors own 54.74% of the company’s stock.

In other Town Sports International news, CFO Carolyn Spatafora sold 11,546 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $5.74, for a total value of $66,274.04. Following the completion of the sale, the chief financial officer now directly owns 218,729 shares of the company’s stock, valued at approximately $1,255,504.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michelle Ryan sold 11,316 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $5.98, for a total value of $67,669.68. Following the completion of the sale, the insider now directly owns 18,333 shares of the company’s stock, valued at $109,631.34. The disclosure for this sale can be found here. Insiders sold a total of 29,097 shares of company stock worth $170,174 in the last 90 days. 19.00% of the stock is currently owned by insiders.

A number of research analysts have weighed in on the company. ValuEngine upgraded Town Sports International from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research lowered Town Sports International from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th.

Town Sports International Holdings, Inc. (CLUB) opened at $6.15 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of -1.95. The firm has a market capitalization of $164.09, a price-to-earnings ratio of -9.61 and a beta of 3.03. Town Sports International Holdings, Inc. has a fifty-two week low of $2.75 and a fifty-two week high of $7.15.

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

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