Artemis Investment Management LLP lowered its position in Planet Fitness, Inc. (NYSE:PLNT – Free Report) by 7.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,161,840 shares of the company’s stock after selling 88,036 shares during the quarter. Planet Fitness makes up about 1.1% of Artemis Investment Management LLP’s portfolio, making the stock its 22nd biggest position. Artemis Investment Management LLP owned approximately 1.30% of Planet Fitness worth $90,067,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Planet Fitness during the fourth quarter worth $589,000. Swiss National Bank lifted its holdings in Planet Fitness by 1.0% during the fourth quarter. Swiss National Bank now owns 203,385 shares of the company’s stock worth $16,027,000 after buying an additional 2,000 shares during the period. Strs Ohio purchased a new stake in Planet Fitness during the fourth quarter worth $25,216,000. Raymond James & Associates lifted its holdings in Planet Fitness by 28.0% during the first quarter. Raymond James & Associates now owns 130,196 shares of the company’s stock worth $10,112,000 after buying an additional 28,501 shares during the period. Finally, UBS Group AG lifted its holdings in Planet Fitness by 35.1% during the fourth quarter. UBS Group AG now owns 68,475 shares of the company’s stock worth $5,396,000 after buying an additional 17,772 shares during the period. Institutional investors own 95.82% of the company’s stock.
Planet Fitness Stock Down 1.7 %
Shares of NYSE:PLNT traded down $1.13 during trading on Wednesday, reaching $66.25. 1,849,564 shares of the company’s stock traded hands, compared to its average volume of 1,188,276. Planet Fitness, Inc. has a fifty-two week low of $54.15 and a fifty-two week high of $85.90. The firm has a market cap of $5.91 billion, a PE ratio of 53.92, a P/E/G ratio of 1.01 and a beta of 1.29. The company has a 50-day simple moving average of $67.39 and a 200-day simple moving average of $74.12.
Planet Fitness (NYSE:PLNT – Get Free Report) last posted its earnings results on Thursday, May 4th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.05). Planet Fitness had a net margin of 10.86% and a negative return on equity of 73.81%. The business had revenue of $222.23 million for the quarter, compared to analyst estimates of $238.30 million. During the same quarter last year, the business earned $0.32 earnings per share. Planet Fitness’s revenue was up 19.0% on a year-over-year basis. On average, equities research analysts forecast that Planet Fitness, Inc. will post 2.16 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts have recently commented on PLNT shares. BMO Capital Markets decreased their price objective on Planet Fitness from $90.00 to $82.00 in a report on Friday, May 5th. Robert W. Baird decreased their price objective on Planet Fitness from $105.00 to $95.00 in a report on Friday, May 5th. StockNews.com initiated coverage on Planet Fitness in a report on Thursday, May 18th. They set a “hold” rating for the company. Stifel Nicolaus raised their target price on Planet Fitness from $78.00 to $82.00 in a research note on Wednesday, June 14th. Finally, DA Davidson reduced their target price on Planet Fitness from $87.00 to $67.00 in a research note on Monday, May 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Planet Fitness currently has an average rating of “Moderate Buy” and a consensus target price of $84.33.
View Our Latest Stock Report on PLNT
Planet Fitness Company Profile
Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.
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