Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Town Sports International (CLUB) Stock

News stories about Town Sports International (NASDAQ:CLUB) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Town Sports International earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.9561786850664 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

Get Town Sports International alerts: Town Sports International Reports Fourth Consecutive Quarter of Positive Growth (clubindustry.com) Town Sports International (CLUB) Posts Earnings Results, Misses Estimates By $0.02 EPS (americanbankingnews.com) Town Sports: 2Q Earnings Snapshot (finance.yahoo.com) Town Sports International Holdings, Inc. Reports Second Quarter 2018 Results (finance.yahoo.com)

Several equities research analysts recently commented on the stock. ValuEngine raised shares of Town Sports International from a “hold” rating to a “buy” rating in a research report on Tuesday, April 3rd. Imperial Capital boosted their price objective on shares of Town Sports International to $13.00 and gave the company an “outperform” rating in a research report on Monday, May 21st. BidaskClub raised shares of Town Sports International from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 4th. Zacks Investment Research raised shares of Town Sports International from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a research report on Wednesday, May 2nd. Finally, TheStreet raised shares of Town Sports International from a “d+” rating to a “c” rating in a research report on Tuesday, April 10th. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $12.00.

CLUB stock traded down $0.70 during midday trading on Wednesday, hitting $10.10. The company’s stock had a trading volume of 620,200 shares, compared to its average volume of 174,142. The company has a current ratio of 0.91, a quick ratio of 1.08 and a debt-to-equity ratio of -2.58. Town Sports International has a twelve month low of $5.00 and a twelve month high of $14.85. The firm has a market capitalization of $286.18 million, a P/E ratio of -59.41 and a beta of 2.67.

Town Sports International (NASDAQ:CLUB) last issued its quarterly earnings results on Friday, July 27th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). The business had revenue of $112.33 million for the quarter, compared to analysts’ expectations of $110.71 million. equities research analysts forecast that Town Sports International will post 0.19 EPS for the current fiscal year.

In other Town Sports International news, insider Pw Partners Atlas Fund Iii, Lp purchased 2,806 shares of the stock in a transaction on Thursday, June 14th. The shares were purchased at an average cost of $11.60 per share, for a total transaction of $32,549.60. Following the purchase, the insider now owns 1,503,448 shares of the company’s stock, valued at $17,439,996.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 16.00% of the stock is currently owned by insiders.

Town Sports International Company 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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