Town Sports International Holdings (CLUB) was Reiterated by Imperial Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 5 from a previous price target of $3 . Imperial Capital advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on Town Sports International Holdings. Imperial Capital Initiated Town Sports International Holdings on Mar 23, 2016 to “Outperform”, Price Target of the shares are set at $3.
On the company’s financial health, Town Sports International Holdings reported $-0.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $-0.22. The company had revenue of $101.30 million for the quarter, compared to analysts expectations of $98.06 million. During the same quarter in the previous year, the company posted $-0.52 EPS.
Town Sports International Holdings closed down -0.22 points or -6.11% at $3.38 with 1,70,145 shares getting traded on Wednesday. Post opening the session at $3.59, the shares hit an intraday low of $3.2105 and an intraday high of $3.84 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 15, 2016, Robert J Giardina (director) sold 4,406 shares at $1.80 per share price. According to the SEC, on Mar 15, 2016, Nitin Ajmera (SVP – Controller) sold 604 shares at $1.95 per share price. On Mar 3, 2016, Carolyn Spatafora (Chief Financial Officer) sold 3,756 shares at $1.14 per share price, according to the Form-4 filing with the securities and exchange commission.
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 approximately 158 fitness clubs under its four regional brand names: New York Sports Clubs (NYSC) Boston Sports Clubs (BSC) Philadelphia Sports Clubs (PSC) and Washington Sports Clubs (WSC). It operates in two segments which include Clubs and BFX Studio. The Clubs segment comprises clubs under the NYSC BSC PSC and WSC brand names and the clubs it owns in Switzerland. BFX Studio is the Company’s private studio brand. It offers three types of memberships in its clubs which include Passport which offers access to all clubs at all times: Core which offers access to a single home club at all times and Restricted memberships which is a restricted month-to-month membership offering access to a single home club.