Hg Vora Capital Management, Ll Purchases 3,850,000 Shares of Town Sports International Holdings, Inc. (CLUB) Stock

Town Sports International Holdings, Inc. (NASDAQ:CLUB) major shareholder Hg Vora Capital Management, Ll bought 3,850,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were purchased at an average price of $3.60 per share, for a total transaction of $13,860,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Town Sports International Holdings, Inc. (NASDAQ:CLUB) traded down 1.27% during mid-day trading on Friday, reaching $3.90. The company’s stock had a trading volume of 78,868 shares. Town Sports International Holdings, Inc. has a 52 week low of $2.10 and a 52 week high of $4.20. The firm’s 50 day moving average price is $3.97 and its 200 day moving average price is $3.31. The firm has a market capitalization of $98.42 million, a P/E ratio of 8.48 and a beta of 3.03.

Insider Buying and Selling by Quarter for Town Sports International Holdings (NASDAQ:CLUB)

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Separately, Zacks Investment Research upgraded Town Sports International Holdings from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research report on Tuesday, May 2nd.

Several large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in Town Sports International Holdings by 5.4% in the first quarter. Renaissance Technologies LLC now owns 1,317,100 shares of the company’s stock valued at $4,676,000 after buying an additional 67,700 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Town Sports International Holdings by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 353,617 shares of the company’s stock valued at $1,255,000 after buying an additional 7,852 shares in the last quarter. Kennedy Capital Management Inc. raised its stake in Town Sports International Holdings by 9.9% in the first quarter. Kennedy Capital Management Inc. now owns 212,537 shares of the company’s stock valued at $755,000 after buying an additional 19,230 shares in the last quarter. Geode Capital Management LLC raised its stake in Town Sports International Holdings by 0.4% in the first quarter. Geode Capital Management LLC now owns 103,999 shares of the company’s stock valued at $369,000 after buying an additional 462 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Town Sports International Holdings by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 35,984 shares of the company’s stock valued at $128,000 after buying an additional 2,220 shares in the last quarter. 49.21% of the stock is owned by institutional investors and hedge funds.

Town Sports International Holdings Company Profile

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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