Town Sports International Holdings, Inc. (NASDAQ:CLUB) issued its earnings results on Thursday, July 27th. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.12, Yahoo Finance reports. The firm had revenue of $99.99 million during the quarter, compared to analyst estimates of $98.68 million.
Town Sports International Holdings (NASDAQ:CLUB) traded down 0.88% during trading on Tuesday, hitting $5.60. 163,256 shares of the company’s stock traded hands. The company’s 50 day moving average is $4.74 and its 200-day moving average is $3.85. The stock’s market cap is $141.34 million. Town Sports International Holdings has a 12 month low of $2.10 and a 12 month high of $5.88.
In other news, insider Michael G. Linn sold 4,060,082 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $3.60, for a total value of $14,616,295.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Hg Vora Capital Management, Ll bought 3,850,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was purchased at an average price of $3.60 per share, for a total transaction of $13,860,000.00. The disclosure for this purchase can be found here. 19.00% of the stock is currently owned by corporate insiders.
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Several equities analysts recently weighed in on the stock. Imperial Capital reaffirmed an “outperform” rating and issued a $7.50 price target (up previously from $5.00) on shares of Town Sports International Holdings in a research 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 target on the stock in a research report on Tuesday, May 2nd.
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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