Raymond James & Associates reduced its holdings in Planet Fitness, Inc. (NYSE: PLNT – Free Report ) by 35.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,693 shares of the company’s stock after selling 34,000 shares during the quarter. Raymond James & Associates’ holdings in Planet Fitness were worth $4,577,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Legato Capital Management LLC acquired a new position in Planet Fitness during the fourth quarter valued at $497,000.Whitaker Myers Wealth Managers LTD. acquired a new position in Planet Fitness during the fourth quarter worth $210,000. Handelsinvest Investeringsforvaltning acquired a new position in Planet Fitness during the fourth quarter worth $338,000. Baker Tilly Wealth Management LLC acquired a new position in Planet Fitness during the fourth quarter worth $401,000. And Finally, Diversified Trust Co boosted its holdings in Planet Fitness by 3.4% in the fourth quarter. Diversified Trust Co now owns 20,256 shares of the company’s stock valued at $1,479,000 after purchasing an additional 659 shares in the last quarter. Institutional investors own 95.53% of the company’s shares.
Planet Fitness Stock Performance
Shares of PLNT opened at $62.60 on Friday. The company’s 50-day simple moving average is $63.85, and its 200-day simple moving average is $63.69. Planet Fitness, Inc. has a 52-week low of $44.13 and a 52-week high of $84.48. The company has a market cap of $5.52 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 1.27 and a beta of 1.39.
Planet Fitness (NYSE:PLNT – Get Your Free Report ) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. Planet Fitness had a net margin of 12.91% and a negative return on equity of 120.89%. The business had revenue of $285.10 million for the quarter, compared to the consensus estimate of $282.35 million. In the same period last year, the company reported earnings of $0.53 per share. Planet Fitness’s revenue was up 1.4% compared to the same quarter last year. On average, analysts predict that Planet Fitness, Inc. will post 2.48 EPS for the current year.
Changes in analyst ratings
PLNT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Planet Fitness from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Monday, February 26th. DA Davidson reiterated a “neutral” rating and issued a $62.00 target price on shares of Planet Fitness in a report on Monday, February 5th. StockNews.com upgraded shares of Planet Fitness from a “sell” rating to a “hold” rating in a report on Wednesday. Piper Sandler boosted their price objective on shares of Planet Fitness from $88.00 to $89.00 and gave the company an “overweight” rating in a report on Thursday, January 11th. Finally, Royal Bank of Canada boosted their price objective on shares of Planet Fitness from $74.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Six investment analysts have rated the stock with a hold rating, eight have given 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 $71.00, according to MarketBeat .
Check out our latest report on PLNT
Planet Fitness Profile
(Free Report)
Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates in three segments: Franchising, Corporate Stores and Equipment. The company engages in franchise business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia.
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