Town Sports International Holdings Inc. (CLUB) Announces Quarterly Earnings Results

Posted by on Jul 31st, 2016

Town Sports International Holdings Inc. (NASDAQ:CLUB) announced its quarterly earnings results on Thursday. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $1.00.

Several brokerages have commented on CLUB. Imperial Capital raised their price target on shares of Town Sports International Holdings from $3.00 to $5.00 and gave the company an “outperform” rating in a report on Thursday, May 5th. Piper Jaffray Cos. reissued a “hold” rating and issued a $4.00 price target (up from $2.00) on shares of Town Sports International Holdings in a report on Wednesday, May 4th.

Town Sports International Holdings (NASDAQ:CLUB) traded down 0.39% during mid-day trading on Thursday, hitting $2.53. 18,860 shares of the stock were exchanged. The stock has a market capitalization of $63.03 million and a PE ratio of 2.37. The company has a 50-day moving average of $2.63 and a 200-day moving average of $2.40. Town Sports International Holdings has a 52 week low of $0.92 and a 52 week high of $3.97.

In related news, major shareholder Pw Partners Atlas Fund Iii, Lp acquired 127,922 shares of the stock in a transaction that occurred on Tuesday, June 14th. The shares were bought at an average price of $2.74 per share, for a total transaction of $350,506.28. Following the completion of the transaction, the insider now directly owns 299,294 shares in the company, valued at $820,065.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Town Sports International Holdings, Inc (Town Sports) is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States. The Company, through its subsidiaries, operates approximately 158 fitness clubs under its four regional brand names: New York Sports Clubs (NYSC), Boston Sports Clubs (BSC), Philadelphia Sports Clubs (PSC) and Washington Sports Clubs (WSC).