Cacti Asset Management adds Town Sports International Holdings (CLUB) to its portfolio

Town Sports International Holdings (CLUB) : Cacti Asset Management added new position in Town Sports International Holdings during the most recent quarter end. The investment management firm now holds 10,000 shares of Town Sports International Holdings which is valued at $30,000 according to a report filed by the company on Apr 1, 2016 with the SEC.

On the company’s financial health, Town Sports International Holdings reported $3.47 EPS for the quarter, beating the analyst consensus estimate by $ 3.74 according to the earnings call on Mar 7, 2016. Analyst had a consensus of $-0.27. The company had revenue of $100.80 million for the quarter, compared to analysts expectations of $102.70 million. The company’s revenue was down -8.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.14 EPS.

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.

Town Sports International Holdings opened for trading at $3.21 and hit $3.76 on the upside on Monday, eventually ending the session at $3.52, with a gain of 10.69% or 0.34 points. The heightened volatility saw the trading volume jump to 1,66,660 shares. Company has a market cap of $88 M.

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.

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