Now Is A Suitable Moment For A Long-Term Purchase Of Town Sports International Holdings Inc. (NASDAQ: CLUB)


    PW Partners Capital Management LL.. recently announced the acquisition of new stake in Town Sports International Holdings Inc. (NASDAQ:CLUB). The institutional investor has increased its shareholding in the Consumer Cyclical company by 56.93% to 8.74 million shares with purchase of 3.17 million shares. This fresh investment now brings its stake to 29.43% valued currently at $3.72 million. In addition, Bridgeway Capital Management, Inc.. raised its holdings by 75000.0 to 0.17 million shares.

    With over 1.39 million Town Sports International Holdings Inc. (CLUB) shares trading Monday and a closing price of $0.59 on the day, the dollar volume was approximately $0.82 million. The shares have shown a negative weekly performance of -7.80% and its price on 08/31/20 lost nearly -7.72%. Currently, there are 26.77M common shares owned by the public and among those 25.48M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for CLUB have a consensus price objective of $3.00. The analysts have set the share’s price value over the next 12 months at a high of $3.00 and a low of $3.00 should the stock experience a downside. But an upside of 80.33% will see the stock hit the forecast high price target while mean target price for the stock is $3.00.

    Insiders at the company have transacted a total of 14 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 9 of these insider trades were purchases, accounting for 1,051,879 shares. Insider sales of the common stock occurred on 5 occasions, with total insider shares sold totaling 2,807,659 shares.

    The top 3 mutual fund holders in Town Sports International Holdings Inc. are DFA US Small Cap Portfolio, Vanguard Extended Market Index Fu, and Vanguard Total Stock Market Index. DFA US Small Cap Portfolio owns 0.31 million shares of the company’s stock, all valued at over $0.13 million. Vanguard Total Stock Market Index now owns shares totaling to 0.53% of the shares outstanding.

    Shares of Town Sports International Holdings Inc. (NASDAQ: CLUB) opened at $0.64, unchanged from a prior closing price of $0.64. However, the script later closed the day at $0.59, down -7.72%. The company’s stock has a 5-day price change of -7.80% and -24.35% over the past three months. CLUB shares are trading -65.49% year to date (YTD), with the 12-month market performance down to -69.42% lower. It has a 12-month low price of $0.30 and touched a high of $3.00 over the same period. Currently, 1.39 million shares have been traded, compared to an average intraday trading volume of 1.91 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.32%, 12.01%, and -45.44% respectively.

    Institutional ownership of Town Sports International Holdings Inc. (NASDAQ: CLUB) shares accounts for 47.40% of the company’s 26.77M shares outstanding. Mutual fund holders own 39.33%, while other institutional holders and individual stakeholders account for 4.21% and 120.30% respectively.

    It has a market capitalization of $16.23M and a beta (3y monthly) value of 2.41. The earnings-per-share (ttm) stands at -$0.70. Price movements for the stock have been influenced by the stock’s volatility, which stands at 15.02% over the week and 19.65% over the month.

    Analysts forecast that Town Sports International Holdings Inc. (CLUB) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2020. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0.09 a year ago. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 24.50% over the past 5-year period.

    Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the CLUB, a number of firms have released research notes about the stock. Imperial Capital stated their Outperform rating for the stock in a research note on April 30, 2019, with the firm’s price target at $11-$5.50. Imperial Capital coverage for the Town Sports International Holdings Inc. (CLUB) stock in a research note released on October 30, 2018 offered a Outperform rating with a price target of $11. Imperial Capital was of a view on May 01, 2018 that the stock is Outperform, while Imperial Capital gave the stock Outperform rating on April 18, 2018, issuing a price target of $8.50- $10.50. Imperial Capital on their part issued Outperform rating on March 02, 2018.


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