B. Metzler seel. Sohn & Co. AG reduced its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT – Free Report) by 14.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,331 shares of the company’s stock after selling 4,150 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Planet Fitness were worth $1,967,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in PLNT. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Planet Fitness in the fourth quarter valued at $589,000. Swiss National Bank boosted its holdings in shares of 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 acquiring an additional 2,000 shares during the period. Raymond James & Associates grew its position in shares of Planet Fitness by 28.0% in the first quarter. Raymond James & Associates now owns 130,196 shares of the company’s stock valued at $10,112,000 after purchasing an additional 28,501 shares during the last quarter. UBS Group AG increased its stake in shares of 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 purchasing an additional 17,772 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in Planet Fitness by 2.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 261,729 shares of the company’s stock worth $20,624,000 after purchasing an additional 6,052 shares during the last quarter. 95.82% of the stock is owned by institutional investors and hedge funds.
Planet Fitness Trading Down 2.3 %
PLNT opened at $58.21 on Tuesday. The company has a market cap of $5.13 billion, a P/E ratio of 39.60, a PEG ratio of 0.92 and a beta of 1.29. The company’s 50 day moving average is $65.98 and its 200-day moving average is $72.04. Planet Fitness, Inc. has a 1-year low of $54.15 and a 1-year high of $85.90.
Planet Fitness (NYSE:PLNT – Get Free Report) last issued its earnings results on Thursday, August 3rd. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.11. The firm had revenue of $286.50 million for the quarter, compared to analyst estimates of $251.99 million. Planet Fitness had a net margin of 12.03% and a negative return on equity of 86.09%. The company’s quarterly revenue was up 27.7% on a year-over-year basis. During the same quarter last year, the business posted $0.38 earnings per share. On average, equities analysts forecast that Planet Fitness, Inc. will post 2.18 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on PLNT. Morgan Stanley dropped their target price on Planet Fitness from $88.00 to $84.00 and set an “overweight” rating for the company in a report on Friday, August 4th. DA Davidson lowered their target price on shares of Planet Fitness from $67.00 to $66.00 and set a “neutral” rating on the stock in a report on Friday, August 4th. Stifel Nicolaus boosted their price target on Planet Fitness from $78.00 to $82.00 in a research note on Wednesday, June 14th. VNET Group restated a “maintains” rating on shares of Planet Fitness in a research note on Friday, May 5th. Finally, StockNews.com began coverage on Planet Fitness in a research report on Thursday, August 17th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.29.
View Our Latest Stock Analysis on PLNT
Planet Fitness 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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