Revenue Update on Town Sports International Holdings(NASDAQ:CLUB)

Town Sports International Holdings(NASDAQ:CLUB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $100.94M. Analysts estimated a revenue of $101.79M. Earnings per share were $-0.16. Analysts had estimated an EPS of $-0.21.

Town Sports International Holdings (CLUB) made into the market gainers list on Thursdays trading session with the shares advancing 2.31% or 0.06 points. Due to strong positive momentum, the stock ended at $2.66, which is also near the day’s high of $2.69. The stock began the session at $2.595 and the volume stood at 6,506 shares. The 52-week high of the shares is $3.97 and the 52 week low is $0.92. The company has a current market capitalization of $68 M and it has 2,57,48,547 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 16, 2016, Carolyn Spatafora (Chief Financial Officer) sold 1,458 shares at $2.96 per share price.Also, On Mar 15, 2016, Robert J Giardina (director) sold 4,406 shares at $1.80 per share price.On Mar 15, 2016, Nitin Ajmera (SVP – Controller) sold 604 shares at $1.95 per share price, according to the Form-4 filing with the securities and exchange commission.

Town Sports International Holdings Inc. (Town Sports) is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States. The Company through its subsidiaries operates approximately 158 fitness clubs under its four regional brand names: New York Sports Clubs (NYSC) Boston Sports Clubs (BSC) Philadelphia Sports Clubs (PSC) and Washington Sports Clubs (WSC). It operates in two segments which include Clubs and BFX Studio. The Clubs segment comprises clubs under the NYSC BSC PSC and WSC brand names and the clubs it owns in Switzerland. BFX Studio is the Company’s private studio brand. It offers three types of memberships in its clubs which include Passport which offers access to all clubs at all times: Core which offers access to a single home club at all times and Restricted memberships which is a restricted month-to-month membership offering access to a single home club.

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