Great West Life Assurance Co. Can bought a new position in shares of Planet Fitness, Inc. (NYSE: PLNT – Get Rating ) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,975 shares of the company’s stock, valued at approximately $1,035,000.
A number of other large investors have also made changes to their positions in PLNT. Xponance Inc. increased its position in shares of Planet Fitness by 11.0% in the second quarter. Xponance Inc. now owns 7,586 shares of the company’s stock valued at $516,000 after acquiring an additional 754 shares during the period. Eagle Asset Management Inc. increased its position in shares of Planet Fitness by 14.5% during the second quarter. Eagle Asset Management Inc. now owns 1,149,179 shares of the company’s stock valued at $78,155,000 after acquiring an additional 145,821 shares during the period. Teca Partners LP acquired a new position in shares of Planet Fitness during the second quarter valued at $1,306,000. FMR LLC boosted its position in shares of Planet Fitness by 9.0% in the second quarter. FMR LLC now owns 1,653,529 shares of the company’s stock valued at $112,457,000 after acquiring an additional 136,191 shares during the period. Finally, State of North Carolina State Treasurer increased its position in shares of Planet Fitness by 16.4% during the second quarter. State Treasurer State of North Carolina now owns 35,703 shares of the company’s stock valued at $2,428,000 after acquiring an additional 5,019 shares during the period. 94.56% of the shares are owned by institutional investors and hedge funds.
Changes in analyst ratings
PLNT has been the subject of several research reports. DA Davidson boosted their target price on Planet Fitness from $90.00 to $99.00 and gave the company a “buy” rating in a research report on Friday, November 11th. Morgan Stanley cut their target price on Planet Fitness from $93.00 to $88.00 and set an “overweight” rating on the stock in a research report on Monday, November 14th. Stifel Nicolaus boosted their target price on Planet Fitness from $82.00 to $93.00 and gave the stock a “buy” rating in a research report on Friday, January 13th. Cowen boosted their target price on Planet Fitness from $80.00 to $90.00 in a research report on Wednesday, November 16th. Finally, BMO Capital Markets boosted their price objective on Planet Fitness from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 9th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Planet Fitness has a consensus rating of “Moderate Buy” and a consensus target price of $93.46, according to MarketBeat .
Planet Fitness Trading up 2.6%
Shares of Planet Fitness stock opened at $84.65 on Wednesday. The firm has a market cap of $7.58 billion, a PE ratio of 100.77, a P/E/G ratio of 1.26 and a beta of 1.23. Planet Fitness, Inc. has a twelve month low of $54.15 and a twelve month high of $97.04. The firm’s 50-day moving average is $79.09 and its 200-day moving average is $72.54.
Planet Fitness (NYSE:PLNT – Get Rating ) last posted its quarterly earnings results on Tuesday, November 8th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $244.39 million for the quarter, compared to analyst estimates of $237.40 million. Planet Fitness had a net margin of 8.52% and a negative return on equity of 36.77%. On average, sell-side analysts predict that Planet Fitness, Inc. will post 1.59 EPS for the current fiscal year.
Planet Fitness 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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