Town Sports International Holdings, Inc. (NASDAQ:CLUB) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.82 and traded as high as $1.92. Town Sports International shares last traded at $1.83, with a volume of 19,413 shares traded.
CLUB has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Town Sports International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 8th. ValuEngine raised shares of Town Sports International from a “hold” rating to a “buy” rating in a report on Friday, January 3rd.
The stock has a market cap of $51.80 million, a price-to-earnings ratio of -3.84 and a beta of 1.32. The stock has a 50-day moving average price of $2.21 and a two-hundred day moving average price of $1.82.
In related news, CEO Patrick Walsh bought 21,508 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average cost of $1.76 per share, for a total transaction of $37,854.08. Following the purchase, the chief executive officer now directly owns 2,521,942 shares of the company’s stock, valued at $4,438,617.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Hg Vora Capital Management, Ll sold 2,800,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $1.50, for a total transaction of $4,200,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,004,567 shares of company stock worth $10,510,541 over the last ninety days. 13.30% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of CLUB. Morgan Stanley raised its holdings in shares of Town Sports International by 6,018.2% in the second quarter. Morgan Stanley now owns 270,606 shares of the company’s stock worth $587,000 after buying an additional 266,183 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Town Sports International by 7.7% during the second quarter. Vanguard Group Inc. now owns 851,458 shares of the company’s stock worth $1,847,000 after buying an additional 60,887 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of Town Sports International by 3,383.1% during the third quarter. Meeder Asset Management Inc. now owns 20,376 shares of the company’s stock worth $34,000 after buying an additional 19,791 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Town Sports International during the first quarter valued at $178,000. Institutional investors and hedge funds own 60.64% of the company’s stock.
Town Sports International Company Profile (NASDAQ:CLUB)
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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