Town Sports International Holdings, Inc. (NASDAQ:CLUB) Short Interest Update

Town Sports International Holdings, Inc. (NASDAQ:CLUB) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totalling 1,608,600 shares, a decline of 8.5% from the June 15th total of 1,757,700 shares. Approximately 6.5% of the company’s stock are short sold. Based on an average daily volume of 221,100 shares, the short-interest ratio is presently 7.3 days.

Several research analysts have commented on CLUB shares. Zacks Investment Research upgraded shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price target for the company in a report on Tuesday, June 25th. ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Imperial Capital reiterated an “outperform” rating and set a $5.50 price target (down previously from $11.00) on shares of Town Sports International in a report on Tuesday, April 30th. Finally, TheStreet cut shares of Wayside Technology Group from a “b-” rating to a “c” rating in a report on Wednesday, May 22nd. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. Town Sports International presently has an average rating of “Hold” and a consensus price target of $5.50.

In other news, CEO Patrick Walsh purchased 40,681 shares of the stock in a transaction on Thursday, May 2nd. The stock was bought at an average price of $3.58 per share, for a total transaction of $145,637.98. Following the acquisition, the chief executive officer now directly owns 1,965,929 shares of the company’s stock, valued at approximately $7,038,025.82. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Pw Partners Atlas Fund Iii, Lp purchased 247,895 shares of the stock in a transaction on Thursday, May 2nd. The shares were purchased at an average price of $3.62 per share, with a total value of $897,379.90. The disclosure for this purchase can be found here. Insiders own 13.30% of the company’s stock.

Several large investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its position in shares of Town Sports International by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 235,080 shares of the company’s stock worth $1,504,000 after buying an additional 6,963 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Town Sports International by 18.6% during the 4th quarter. First Trust Advisors LP now owns 45,077 shares of the company’s stock worth $288,000 after buying an additional 7,082 shares during the last quarter. Alambic Investment Management L.P. purchased a new stake in shares of Town Sports International during the 1st quarter worth approximately $54,000. BlackRock Inc. lifted its position in shares of Town Sports International by 2.9% during the 4th quarter. BlackRock Inc. now owns 812,052 shares of the company’s stock worth $5,197,000 after buying an additional 23,008 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Town Sports International by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 703,371 shares of the company’s stock worth $4,501,000 after buying an additional 26,577 shares during the last quarter. Institutional investors and hedge funds own 73.00% of the company’s stock.

Shares of NASDAQ:CLUB traded down $0.06 during trading on Wednesday, hitting $1.59. 754 shares of the company were exchanged, compared to its average volume of 162,688. Town Sports International has a 12-month low of $1.47 and a 12-month high of $11.15. The company has a 50 day moving average of $2.19.

Town Sports International (NASDAQ:CLUB) last issued its quarterly earnings data on Thursday, July 25th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The company had revenue of $118.70 million for the quarter, compared to analysts’ expectations of $119.57 million. Town Sports International had a negative return on equity of 0.10% and a negative net margin of 1.12%. As a group, equities research analysts expect that Town Sports International will post -0.22 EPS for the current fiscal year.

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.

See Also: What are trading strategies for the 52-week high/low?

Receive News & Ratings for Town Sports International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Town Sports International and related companies with MarketBeat.com's FREE daily email newsletter.