Fox Run Management LLC acquired a new stake in shares of Planet Fitness, Inc. (NYSE: PLNT – Get Rating ) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,225 shares of the company’s stock, valued at approximately $301,000.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Planet Fitness by 34.8% in the first quarter. BlackRock Inc. now owns 7,184,140 shares of the company’s stock valued at $606,915,000 after acquiring an additional 1,852,867 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of Planet Fitness in the second quarter worth about $78,692,000. Bares Capital Management Inc. boosted its holdings in shares of Planet Fitness by 355.5% in the second quarter. Bares Capital Management Inc. now owns 1,438,570 shares of the company’s stock valued at $97,837,000 after acquiring an additional 1,122,752 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Planet Fitness by 38.9% in the first quarter. Invesco Ltd. now owns 1,700,236 shares of the company’s stock valued at $143,636,000 after acquiring an additional 476,578 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Planet Fitness by 147.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 761,875 shares of the company’s stock valued at $64,363,000 after acquiring an additional 454,133 shares in the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s shares.
Changes in analyst ratings
Several brokerages have issued reports on PLNT. BMO Capital Markets boosted their price objective on shares of Planet Fitness from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 9th. Cowen boosted their price objective on shares of Planet Fitness from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 16th. StockNews.com assumed coverage on shares of Planet Fitness in a research note on Wednesday, October 12th. They assign a “hold” rating to the company. Guggenheim reduced their target price on shares of Planet Fitness to $85.00 in a research note on Tuesday, November 1st. Finally, DA Davidson raised their target price on shares of Planet Fitness from $90.00 to $99.00 and gave the company a “buy” rating in a research note on Friday, November 11th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Planet Fitness currently has an average rating of “Moderate Buy” and an average target price of $93.46, based on data from MarketBeat.com.
Planet Fitness Trading up 0.2%
NYSE:PLNT opened at $82.48 on Tuesday. Planet Fitness, Inc. has a 12-month low of $54.15 and a 12-month high of $97.04. The firm has a fifty day simple moving average of $78.86 and a 200 day simple moving average of $72.47. The company has a market cap of $7.39 billion, a P/E ratio of 98.19, a PEG ratio of 1.26 and a beta of 1.23.
Planet Fitness (NYSE:PLNT – Get Rating) last posted its earnings results on Tuesday, November 8th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $244.39 million during the quarter, compared to the consensus estimate of $237.40 million. Planet Fitness had a net margin of 8.52% and a negative return on equity of 36.77%. Equities analysts predict that Planet Fitness, Inc. will post 1.59 EPS for the current year.
Planet Fitness Company Profile
Planet Fitness, Inc. operates and franchises fitness centers. It operates through the following segments: Franchising, Corporate Stores and Equipment. The Franchise segment includes operations related to the Company’s franchise business in the United States, Puerto Rico, Canada, the Dominican Republic, Panama, Mexico and Australia.
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