GSA Capital Partners LLP raised its stake in shares of Town Sports International Holdings Inc. (NASDAQ:CLUB) by 32.8% during the second quarter, Holdings Channel reports. The institutional investor owned 65,352 shares of the company’s stock after buying an additional 16,159 shares during the period. GSA Capital Partners LLP owned 0.25% of Town Sports International Holdings worth $178,000 as of its most recent filing with the SEC.
Separately, Bank of New York Mellon Corp raised its stake in Town Sports International Holdings by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 39,016 shares of the company’s stock valued at $106,000 after buying an additional 704 shares in the last quarter. Hedge funds and other institutional investors own 62.29% of the company’s stock.
Town Sports International Holdings Inc. (NASDAQ:CLUB) traded down 4.95% on Tuesday, hitting $2.88. 10,913 shares of the company traded hands. The stock’s 50-day moving average is $2.98 and its 200 day moving average is $2.94. The firm has a market capitalization of $72.25 million, a P/E ratio of 0.94 and a beta of 2.84. Town Sports International Holdings Inc. has a 12 month low of $0.92 and a 12 month high of $3.97.
Town Sports International Holdings (NASDAQ:CLUB) last announced its earnings results on Thursday, July 28th. The company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $1.00. Equities analysts forecast that Town Sports International Holdings Inc. will post $0.24 EPS for the current fiscal year.
Separately, Zacks Investment Research lowered shares of Town Sports International Holdings from a “buy” rating to a “hold” rating in a research note on Monday.
In related news, Director Patrick Walsh bought 109,723 shares of the stock in a transaction on Monday, August 22nd. The stock was bought at an average price of $2.43 per share, with a total value of $266,626.89. Following the completion of the purchase, the director now directly owns 299,294 shares in the company, valued at approximately $727,284.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 19.80% of the company’s stock.
About Town Sports International Holdings
Town Sports International Holdings, Inc (Town Sports) is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States. The Company, through its subsidiaries, operates over 150 fitness clubs (clubs) and approximately three BFX Studio (studio) locations. The Company’s operating segments include New York Sports Clubs (NYSC), Boston Sports Clubs (BSC), Philadelphia Sports Clubs (PSC), Washington Sports Clubs (WSC), Swiss Sports Clubs and BFX Studio.
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