ClariVest Asset Management LLC Takes $572,000 Position in Town Sports International Holdings, Inc. (CLUB)

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ClariVest Asset Management LLC bought a new stake in Town Sports International Holdings, Inc. (NASDAQ:CLUB) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 39,334 shares of the company’s stock, valued at approximately $572,000. ClariVest Asset Management LLC owned about 0.14% of Town Sports International as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CLUB. Millennium Management LLC increased its holdings in shares of Town Sports International by 446.6% during the fourth quarter. Millennium Management LLC now owns 123,212 shares of the company’s stock valued at $684,000 after acquiring an additional 100,672 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Town Sports International by 12,229.5% during the first quarter. JPMorgan Chase & Co. now owns 107,267 shares of the company’s stock valued at $815,000 after acquiring an additional 106,397 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Town Sports International by 7.2% during the first quarter. Dimensional Fund Advisors LP now owns 561,310 shares of the company’s stock worth $4,266,000 after buying an additional 37,561 shares in the last quarter. Element Capital Management LLC bought a new stake in Town Sports International during the first quarter worth $178,000. Finally, Laurel Wealth Advisors Inc. bought a new stake in Town Sports International during the first quarter worth $148,000. Hedge funds and other institutional investors own 70.36% of the company’s stock.

CLUB has been the subject of several recent research reports. Zacks Investment Research downgraded Town Sports International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 3rd. BidaskClub downgraded Town Sports International from a “strong-buy” rating to a “buy” rating in a report on Friday, August 31st. ValuEngine downgraded Town Sports International from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Imperial Capital upped their price target on Town Sports International to $13.00 and gave the stock an “outperform” rating in a report on Monday, May 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Town Sports International currently has an average rating of “Hold” and a consensus price target of $12.00.

Shares of Town Sports International stock opened at $8.30 on Friday. Town Sports International Holdings, Inc. has a 12-month low of $5.00 and a 12-month high of $14.85. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of -2.58.

Town Sports International (NASDAQ:CLUB) last announced its quarterly earnings results on Friday, July 27th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). The company had revenue of $112.33 million during the quarter, compared to analyst estimates of $110.71 million. equities analysts expect that Town Sports International Holdings, Inc. will post 0.15 EPS for the current year.

In related news, insider Pw Partners Atlas Fund Iii, Lp purchased 2,806 shares of the firm’s stock in a transaction that occurred on Thursday, June 14th. The stock was acquired at an average price of $11.60 per share, for a total transaction of $32,549.60. Following the completion of the acquisition, the insider now owns 1,503,448 shares of the company’s stock, valued at approximately $17,439,996.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Carolyn Spatafora sold 35,584 shares of the company’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $10.14, for a total value of $360,821.76. Following the completion of the transaction, the chief financial officer now owns 165,537 shares of the company’s stock, valued at approximately $1,678,545.18. The disclosure for this sale can be found here. Corporate insiders own 16.00% of the company’s stock.

Town Sports International Profile

Town Sports International Holdings, Inc, together with its subsidiaries, owns and operates fitness clubs in the Northeast and Mid-Atlantic regions of the United States. The company's clubs offer special purpose rooms for group fitness classes; and other exercise programs, as well as accommodate cardiovascular and strength-training equipment.

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Institutional Ownership by Quarter for Town Sports International (NASDAQ:CLUB)

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