Headlines about Town Sports International (NASDAQ:CLUB) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Town Sports International earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.5186713967348 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several equities analysts have issued reports on the stock. Imperial Capital restated an “outperform” rating and set a $8.50 target price (up previously from $7.50) on shares of Town Sports International in a research note on Friday, March 2nd. ValuEngine upgraded shares of Town Sports International from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research cut shares of Town Sports International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th.
Town Sports International (NASDAQ:CLUB) traded down $0.03 on Wednesday, reaching $7.37. 104,670 shares of the company’s stock traded hands, compared to its average volume of 73,272. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of -2.49. The company has a market cap of $202.72, a PE ratio of 57.47 and a beta of 2.95. Town Sports International has a 1-year low of $3.15 and a 1-year high of $7.74.
In other news, CFO Carolyn Spatafora sold 12,811 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $7.39, for a total transaction of $94,673.29. Following the completion of the sale, the chief financial officer now owns 202,353 shares of the company’s stock, valued at approximately $1,495,388.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 20,483 shares of company stock valued at $147,494 in the last ninety days. Insiders own 19.00% of the company’s stock.
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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