Detroit Partners L.p. Canterbury, 10% Owner at TOWN SPORTS INTERNATIONAL HOLDINGS INC (CLUB), sold 1,300,000 shares at $12.09 ($15.7M) on 2006-06-07, disclosed to the SEC on 2006-06-07.
Open-market sale of $15.7M CLUB by 10% Owner. Not flagged as scheduled, tax-driven, or recurring — but no specific bearish signal from our filters. Reasons for insider sales vary widely.
Negative factors outweigh the positive ones.