Town Sports International Holdings Inc (CLUB): Carolyn Spatafora , Chief Financial Officer of Town Sports International Holdings Inc sold 1,458 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were sold at $2.96 per share for a total value of $4,315.68 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 15, 2016, Robert J Giardina (director) sold 4,406 shares at $1.80 per share price.On Mar 15, 2016, Nitin Ajmera (SVP – Controller) sold 604 shares at $1.95 per share price.Also, On Mar 3, 2016, Carolyn Spatafora (Chief Financial Officer) sold 3,756 shares at $1.14 per share price.On Feb 8, 2016, Scott R Milford (SVP-Human Resources) sold 1,974 shares at $2.86 per share price.
Town Sports International Holdings: On Friday, May 13, 2016 heightened volatility was witnessed in Town Sports International Holdings which led to swings in the share price. The shares opened for trading at $3.08 and hit $3.19 on the upside , eventually ending the session at $3.07, with a gain of 0.33% or 0.01 points. The heightened volatility saw the trading volume jump to 22,108 shares. The 52-week high of the share price is $4.525 and the company has a market cap of $79 M . The 52-week low of the share price is at $0.92.
Company has been under the radar of several Street Analysts.Town Sports International Holdings is Reiterated by Imperial Capital to Outperform and the brokerage firm has raised the Price Target to $ 5 from a previous price target of $3 .The Rating was issued on May 5, 2016.Town Sports International Holdings is Initiated by Imperial Capital to Outperform and the brokerage firm has set the Price Target at $3. The Rating was issued on Mar 23, 2016.
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.