HG Vora Capital Management Initiates Stake In Town Sports International Holdings, Inc. (CLUB)

Parag Vora, the manager of HG Vora Capital Management, is optimistic about the prospects of Town Sports International Holdings, Inc. (NASDAQ:CLUB) and has initiated a new position. In a recent filing with the Securities and Exchange Commission, HG Vora Capital has revealed the acquisition of 1.3 million shares, which account for approximately 5.4% of the total number of shares outstanding.

Town Sports International Holdings, Inc. (NASDAQ:CLUB)

Jim Simons is also keen on Town Sports International Holdings, Inc. (NASDAQ:CLUB), having increased his fund’s stake by 14% during the Q4 of 2013. In its latest 13F filing, Renaissance Technologies reported ownership of 856,000 shares valued at $12.6 million. Thomas Steyer is also keeping tabs with his fund, Farallon Capital, holding 4.06 million shares reportedly worth $59.9 million.

An operator of fitness clubs in the United States, Town Sports International Holdings, Inc. (NASDAQ:CLUB) has a market cap of $205 million and pays an annual dividend of $0.32 per share, which represents a yield of 3.8%. The stock is traded at a trailing Price to Earnings (P/E) ratio of 17.xx, significantly lower than the industry average of 27.80. For the three months ending December 31, 2013, the company has posted revenues of $114 million and earnings per share of $0.00. 2014 first quarter is expected to bring $117 million in revenues and earnings of $0.01 per share.

Mr. Vora and his fund have recently upped their interest in Ashford Hospitality Trust, Inc. (NYSE:AHT) through the addition of 3.65 million shares, taking the fund’s total holding to some 5.0 million shares or 6.2% of the company’s common stock. Vora also has high hopes for Pinnacle Entertainment, Inc (NYSE:PNK) with his fund holding 3.4 million shares worth approximately $88.3 million, according to the fund’s latest 13F filing. He is also betting big on Northstar Realty Finance Corp. (NYSE:NRF) and has bought 4.4 million shares during the fourth quarter of 2013.

Disclosure: none.

Recommended reading:

HG Vora Capital Management, Parag Vora Up Their Stake in Ashford Hospitality Trust, Inc. (AHT)

Barrett And Segal of Luminus Management Boost Stake In Calpine Corporation (CPN); Amend Initial Agreement

Whitebox Advisors Cuts Its Stake In Dune Energy Inc (DUNR)

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

Bloodiest UFC Fights Ever Fought

Most Expensive Rum Brands in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!