News headlines about Town Sports International Holdings (NASDAQ:CLUB) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Town Sports International Holdings earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned headlines about the company an impact score of 47.3130161378369 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
- Zacks Investment Research Downgrades Town Sports International Holdings, Inc. (CLUB) to Strong Sell (americanbankingnews.com)
- Town Sports International’s Revenue Grew in Third Quarter 2017, Despite Net Loss (clubindustry.com)
- ETFs with exposure to Town Sports International Holdings, Inc. : November 1, 2017 (finance.yahoo.com)
- Imperial Capital Comments on Town Sports International Holdings, Inc.’s FY2017 Earnings (CLUB) (americanbankingnews.com)
- Q1 2018 Earnings Estimate for Town Sports International Holdings, Inc. (CLUB) Issued By Imperial Capital (americanbankingnews.com)
A number of research analysts recently weighed in on the stock. Imperial Capital restated an “outperform” rating and set a $7.50 price objective (up previously from $5.00) on shares of Town Sports International Holdings in a research report on Monday, July 31st. Zacks Investment Research raised shares of Town Sports International Holdings from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a report on Wednesday, August 2nd.
Town Sports International Holdings (NASDAQ:CLUB) traded up $0.05 during mid-day trading on Monday, reaching $5.95. 111,934 shares of the company’s stock traded hands, compared to its average volume of 176,678. The company has a debt-to-equity ratio of -1.95, a quick ratio of 0.94 and a current ratio of 0.95.
In related news, Director Louis Spencer Wells sold 6,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $5.90, for a total transaction of $35,400.00. Following the transaction, the director now owns 21,235 shares in the company, valued at $125,286.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 19.00% of the stock is owned by corporate insiders.
About Town Sports International Holdings
Town Sports International Holdings, Inc is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States fitness. As of December 31, 2016, the Company, through its subsidiaries, operated 150 fitness clubs (clubs). It owned and operated a total of 102 clubs under the New York Sports Clubs (NYSC) brand name within a 120-mile radius of New York City as of December 31, 2016, including 35 locations in Manhattan.
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