Town Sports International Holdings, Inc. (NASDAQ:CLUB) Position Increased by Algert Global LLC

Algert Global LLC increased its position in shares of Town Sports International Holdings, Inc. (NASDAQ:CLUB) by 241.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,912 shares of the company’s stock after acquiring an additional 111,646 shares during the quarter. Algert Global LLC owned about 0.59% of Town Sports International worth $876,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp increased its stake in Town Sports International by 1.7% during 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. Dimensional Fund Advisors LP increased its stake in Town Sports International by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 359,779 shares of the company’s stock valued at $1,691,000 after purchasing an additional 6,162 shares in the last quarter. GSA Capital Partners LLP increased its stake in Town Sports International by 25.6% during 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. Cubist Systematic Strategies LLC acquired a new position in Town Sports International during the 3rd quarter valued at approximately $105,000. Finally, JPMorgan Chase & Co. increased its stake in Town Sports International by 3,416.2% during 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. Hedge funds and other institutional investors own 56.30% of the company’s stock.

In other news, CFO Carolyn Spatafora sold 11,546 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $5.74, for a total value of $66,274.04. Following the sale, the chief financial officer now owns 218,729 shares in the company, valued at $1,255,504.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 16,597 shares of company stock worth $95,400 in the last quarter. Company insiders own 19.00% of the company’s stock.

A number of brokerages have issued reports on CLUB. ValuEngine upgraded shares of Town Sports International from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered shares of Town Sports International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th.

Shares of Town Sports International Holdings, Inc. (CLUB) opened at $6.30 on Tuesday. The firm has a market cap of $168.09, a price-to-earnings ratio of -9.84 and a beta of 3.07. Town Sports International Holdings, Inc. has a 52 week low of $3.15 and a 52 week high of $7.15. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of -1.95.

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Town Sports International 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.

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

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