Town Sports International Holdings, Inc. (NASDAQ:CLUB) – Equities research analysts at Imperial Capital dropped their FY2018 EPS estimates for Town Sports International in a research report issued on Tuesday, October 30th. Imperial Capital analyst G. Kelly now expects that the company will post earnings per share of $0.00 for the year, down from their previous forecast of $0.15. Imperial Capital currently has a “Outperform” rating and a $11.00 price target on the stock. Imperial Capital also issued estimates for Town Sports International’s Q1 2019 earnings at $0.05 EPS and Q4 2019 earnings at $0.09 EPS.
CLUB has been the topic of a number of other reports. BidaskClub lowered Town Sports International from a “strong-buy” rating to a “buy” rating in a report on Friday, August 31st. Zacks Investment Research lowered Town Sports International from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Finally, ValuEngine upgraded Town Sports International from a “hold” rating to a “buy” rating in a report on Tuesday, October 16th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $11.00.
Shares of Town Sports International stock opened at $7.71 on Friday. The firm has a market cap of $209.30 million, a P/E ratio of -45.35 and a beta of 2.31. Town Sports International has a 12 month low of $5.45 and a 12 month high of $14.85.
Town Sports International (NASDAQ:CLUB) last issued its quarterly earnings results on Thursday, October 25th. The company reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.13). The business had revenue of $110.17 million for the quarter, compared to the consensus estimate of $110.98 million. Town Sports International had a negative return on equity of 1.31% and a net margin of 4.32%.
In other Town Sports International news, SVP Nitin Ajmera sold 15,728 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $9.36, for a total value of $147,214.08. Following the completion of the sale, the senior vice president now directly owns 36,258 shares of the company’s stock, valued at $339,374.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick Walsh bought 4,301 shares of the firm’s stock in a transaction on Friday, September 14th. The stock was purchased at an average cost of $8.80 per share, with a total value of $37,848.80. Following the completion of the transaction, the chief executive officer now directly owns 1,507,749 shares of the company’s stock, valued at $13,268,191.20. The disclosure for this purchase can be found here. Company insiders own 16.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in CLUB. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Town Sports International in the second quarter worth $132,000. Cubist Systematic Strategies LLC purchased a new stake in Town Sports International in the second quarter worth $166,000. Bank of Montreal Can purchased a new stake in Town Sports International in the second quarter worth $195,000. CAPROCK Group Inc. purchased a new stake in Town Sports International in the second quarter worth $205,000. Finally, Rhumbline Advisers purchased a new stake in Town Sports International in the second quarter worth $216,000. 70.73% of the stock is owned by institutional investors and hedge funds.
Town Sports International Company Profile
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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