Town Sports International Holdings, Inc. (NASDAQ:CLUB) SVP Nitin Ajmera sold 15,728 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $9.36, for a total transaction of $147,214.08. Following the completion of the sale, the senior vice president now owns 36,258 shares of the company’s stock, valued at approximately $339,374.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Town Sports International stock traded down $0.05 during trading on Friday, hitting $9.70. The stock had a trading volume of 10,759 shares, compared to its average volume of 173,499. The firm has a market capitalization of $267.83 million, a PE ratio of -57.94 and a beta of 2.44. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of -2.58. Town Sports International Holdings, Inc. has a 12 month low of $5.00 and a 12 month high of $14.85.

Town Sports International (NASDAQ:CLUB) last released its earnings results on Friday, July 27th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). The firm had revenue of $112.33 million for the quarter, compared to analysts’ expectations of $110.71 million. sell-side analysts predict that Town Sports International Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its holdings in Town Sports International by 10.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,533,000 shares of the company’s stock valued at $36,855,000 after buying an additional 241,200 shares in the last quarter. BlackRock Inc. lifted its holdings in Town Sports International by 782.6% during the 2nd quarter. BlackRock Inc. now owns 799,431 shares of the company’s stock valued at $11,632,000 after buying an additional 708,853 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Town Sports International by 75.4% during the 2nd quarter. Acadian Asset Management LLC now owns 627,337 shares of the company’s stock valued at $9,127,000 after buying an additional 269,701 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Town Sports International by 10.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 621,243 shares of the company’s stock valued at $9,038,000 after buying an additional 59,933 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in Town Sports International during the 2nd quarter valued at about $2,848,000. Institutional investors own 62.79% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. ValuEngine lowered shares of Town Sports International from a “strong-buy” rating to a “buy” rating in a report on Friday, August 3rd. Zacks Investment Research lowered shares of Town Sports International from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Imperial Capital raised their target price on shares of Town Sports International to $13.00 and gave the stock an “outperform” rating in a report on Monday, May 21st. Finally, BidaskClub upgraded shares of Town Sports International from a “buy” rating to a “strong-buy” rating in a report on Friday, May 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $12.00.

About Town Sports International

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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