News articles about Town Sports International Holdings (NASDAQ:CLUB) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Town Sports International Holdings earned a news impact score of 0.13 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.8313787883327 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Town Sports International Holdings, Inc. (NASDAQ:CLUB) to Post Q3 2017 Earnings of ($0.06) Per Share, Imperial Capital Forecasts (americanbankingnews.com)
- Town Sports International Holdings, Inc. (NASDAQ:CLUB) Receives “Outperform” Rating from Imperial Capital (americanbankingnews.com)
- Town Sports International Holdings, Inc. :CLUB-US: Earnings Analysis: Q2, 2017 By the Numbers : July 31, 2017 (finance.yahoo.com)
- Town Sports International Holdings, Inc. (CLUB) Issues Earnings Results (americanbankingnews.com)
- Town Sports reports 2Q loss (finance.yahoo.com)
A number of brokerages have recently issued reports on CLUB. Zacks Investment Research raised shares of Town Sports International Holdings from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a research report on Tuesday, May 2nd. Imperial Capital reaffirmed an “outperform” rating and issued a $7.50 price objective (up previously from $5.00) on shares of Town Sports International Holdings in a research report on Monday.
Shares of Town Sports International Holdings (NASDAQ:CLUB) traded up 0.93% on Wednesday, hitting $5.40. 51,538 shares of the stock were exchanged. The company’s 50 day moving average is $4.60 and its 200-day moving average is $3.81. Town Sports International Holdings has a 52-week low of $2.10 and a 52-week high of $5.65. The stock’s market cap is $144.10 million.
Town Sports International Holdings (NASDAQ:CLUB) last issued its earnings results on Thursday, July 27th. The company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.12. The firm had revenue of $99.99 million during the quarter, compared to analyst estimates of $98.68 million. Analysts predict that Town Sports International Holdings will post ($0.49) EPS for the current fiscal year.
In other Town Sports International Holdings news, insider Michael G. Linn sold 4,060,082 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $3.60, for a total transaction of $14,616,295.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Hg Vora Capital Management, Ll acquired 3,850,000 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were bought at an average cost of $3.60 per share, for a total transaction of $13,860,000.00. The disclosure for this purchase can be found here. 19.00% of the stock is owned by company insiders.
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Town Sports International Holdings Company Profile
Town Sports International Holdings, Inc is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States fitness. As of December 31, 2016, the Company, through its subsidiaries, operated 150 fitness clubs (clubs). It owned and operated a total of 102 clubs under the New York Sports Clubs (NYSC) brand name within a 120-mile radius of New York City as of December 31, 2016, including 35 locations in Manhattan.
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