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Exane Derivatives lowered its stake in Planet Fitness, Inc. (NYSE:PLNT – Get Rating) by 17.8% during the first quarter, Holdings Channel.com reports. The firm owned 1,444 shares of the company’s stock after selling 312 shares during the quarter. Exane Derivatives’ holdings in Planet Fitness were worth $122,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. raised its position in shares of Planet Fitness by 3.7% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 3,417 shares of the company’s stock worth $310,000 after acquiring an additional 122 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of Planet Fitness by 29.7% during the 4th quarter. Global Retirement Partners LLC now owns 563 shares of the company’s stock worth $51,000 after acquiring an additional 129 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Planet Fitness by 0.3% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 48,806 shares of the company’s stock worth $4,421,000 after acquiring an additional 148 shares in the last quarter. First Hawaiian Bank raised its position in shares of Planet Fitness by 6.6% during the 1st quarter. First Hawaiian Bank now owns 2,418 shares of the company’s stock worth $204,000 after acquiring an additional 149 shares in the last quarter. Finally, Highland Capital Management LLC raised its position in shares of Planet Fitness by 0.7% during the 1st quarter. Highland Capital Management LLC now owns 22,214 shares of the company’s stock worth $1,877,000 after acquiring an additional 161 shares in the last quarter. 93.87% of the stock is currently owned by institutional investors.
Shares of PLNT stock opened at $73.05 on Friday. The business’s 50 day moving average is $69.69 and its two-hundred day moving average is $80.59. Planet Fitness, Inc. has a twelve month low of $61.11 and a twelve month high of $99.60. The company has a market capitalization of $6.65 billion, a P/E ratio of 114.14, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14.
Planet Fitness (NYSE:PLNT – Get Rating) last announced its earnings results on Tuesday, May 10th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate 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 company 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 posted $0.10 EPS. The company’s revenue was up 66.8% on a year-over-year basis. Research analysts expect that Planet Fitness, Inc. will post 1.55 EPS for the current year.
Several equities research analysts have recently weighed in on PLNT shares. Evercore ISI started coverage on Planet Fitness in a research report on Monday, March 14th. They set an “outperform” rating and a $130.00 target price on the stock. BMO Capital Markets dropped their price target on Planet Fitness from $96.00 to $88.00 in a research note on Wednesday, May 11th. StockNews.com initiated coverage on Planet Fitness in a research note on Thursday, March 31st. They set a “hold” rating on the stock. DA Davidson dropped their price target on Planet Fitness from $110.00 to $90.00 in a research note on Friday, May 13th. Finally, Robert W. Baird dropped their price target on Planet Fitness from $108.00 to $92.00 in a research note on Wednesday, May 11th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Planet Fitness has an average rating of “Moderate Buy” and an average target price of $96.92.
Planet Fitness Company Profile (Get Rating)
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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