Town Sports International Holdings, Inc. (NASDAQ:CLUB) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 1,757,700 shares, a growth of 10.5% from the May 30th total of 1,591,000 shares. Approximately 7.1% of the company’s stock are sold short. Based on an average daily trading volume, of 213,100 shares, the short-interest ratio is presently 8.2 days.

Several equities analysts have commented on CLUB shares. TheStreet cut shares of Wayside Technology Group from a “b-” rating to a “c” rating in a research report on Wednesday, May 22nd. Zacks Investment Research raised shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price target for the company in a research report on Tuesday, June 25th. ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Imperial Capital reissued an “outperform” rating and issued a $5.50 price target (down previously from $11.00) on shares of Town Sports International in a research report on Tuesday, April 30th. Two analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. Town Sports International presently has an average rating of “Hold” and a consensus price target of $5.50.

In other Town Sports International news, CEO Patrick Walsh purchased 125,123 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was bought at an average price of $3.57 per share, with a total value of $446,689.11. Following the transaction, the chief executive officer now directly owns 1,965,929 shares of the company’s stock, valued at approximately $7,018,366.53. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Pw Partners Atlas Fund Iii, Lp purchased 247,895 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was acquired at an average cost of $3.62 per share, with a total value of $897,379.90. The disclosure for this purchase can be found here. Insiders acquired a total of 413,699 shares of company stock valued at $1,489,707 in the last three months. 13.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in CLUB. Alambic Investment Management L.P. purchased a new stake in shares of Town Sports International during the 1st quarter worth $54,000. Rhumbline Advisers lifted its position in Town Sports International by 38.9% in the fourth quarter. Rhumbline Advisers now owns 20,799 shares of the company’s stock valued at $133,000 after acquiring an additional 5,830 shares during the last quarter. Menta Capital LLC lifted its position in Town Sports International by 10.3% in the fourth quarter. Menta Capital LLC now owns 22,439 shares of the company’s stock valued at $144,000 after acquiring an additional 2,100 shares during the last quarter. Marshall Wace LLP purchased a new stake in Town Sports International in the first quarter valued at $178,000. Finally, First Trust Advisors LP lifted its position in Town Sports International by 18.6% in the fourth quarter. First Trust Advisors LP now owns 45,077 shares of the company’s stock valued at $288,000 after acquiring an additional 7,082 shares during the last quarter. 72.33% of the stock is owned by institutional investors and hedge funds.

Town Sports International stock opened at $1.96 on Tuesday. The stock’s fifty day moving average price is $2.45. Town Sports International has a 12-month low of $1.94 and a 12-month high of $14.15.

Town Sports International (NASDAQ:CLUB) last released its quarterly earnings data on Thursday, April 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.13). The firm had revenue of $116.60 million for the quarter, compared to analysts’ expectations of $114.63 million. Town Sports International had a negative return on equity of 0.10% and a negative net margin of 0.69%. As a group, research analysts anticipate that Town Sports International will post -0.22 earnings per share for the current year.

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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