Dupont Capital Management Corp trimmed its position in shares of Planet Fitness, Inc. (NYSE:PLNT – Get Rating) by 8.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,150 shares of the company’s stock after selling 401 shares during the period. Dupont Capital Management Corp’s holdings in Planet Fitness were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Kestra Advisory Services LLC purchased a new stake in shares of Planet Fitness during the first quarter worth $573,000. Exchange Traded Concepts LLC purchased a new stake in shares of Planet Fitness during the first quarter worth $599,000. Handelsinvest Investeringsforvaltning raised its holdings in shares of Planet Fitness by 5.0% during the first quarter. Handelsinvest Investeringsforvaltning now owns 105,000 shares of the company’s stock worth $8,870,000 after acquiring an additional 5,000 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Planet Fitness by 106.6% during the first quarter. Assenagon Asset Management S.A. now owns 28,026 shares of the company’s stock worth $2,368,000 after acquiring an additional 14,463 shares in the last quarter. Finally, Tributary Capital Management LLC raised its holdings in shares of Planet Fitness by 16.2% during the first quarter. Tributary Capital Management LLC now owns 26,500 shares of the company’s stock worth $2,239,000 after acquiring an additional 3,700 shares in the last quarter. 93.87% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have weighed in on PLNT. StockNews.com began coverage on Planet Fitness in a report on Thursday, March 31st. They set a “hold” rating on the stock. BNP Paribas upgraded Planet Fitness from an “underperform” rating to a “neutral” rating and set a $75.00 target price on the stock in a report on Thursday, July 7th. Exane BNP Paribas upgraded Planet Fitness from an “underperform” rating to a “neutral” rating in a report on Thursday, July 7th. Robert W. Baird cut their target price on Planet Fitness from $108.00 to $92.00 in a report on Wednesday, May 11th. Finally, DA Davidson cut their target price on Planet Fitness from $110.00 to $90.00 in a report on Friday, May 13th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.92.
Planet Fitness Stock Performance
Shares of NYSE:PLNT opened at $75.02 on Friday. The company has a market cap of $6.83 billion, a P/E ratio of 117.22, a P/E/G ratio of 1.29 and a beta of 1.14. The stock’s 50-day moving average is $69.14 and its 200-day moving average is $79.88. Planet Fitness, Inc. has a 52-week low of $61.11 and a 52-week high of $99.60.
Planet Fitness (NYSE:PLNT – Get Rating) last released its earnings results on Tuesday, May 10th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Planet Fitness had a negative return on equity of 16.39% and a net margin of 8.11%. The business had revenue of $186.70 million for the quarter, compared to the consensus estimate of $190.44 million. During the same period last year, the business earned $0.10 earnings per share. The firm’s revenue for the quarter was up 66.8% compared to the same quarter last year. As a group, equities analysts predict that Planet Fitness, Inc. will post 1.55 EPS for the current year.
About Planet Fitness
Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. It operates through Franchise, Corporate-Owned Stores, and Equipment segments. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.
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