Xponance Inc. increased its position in shares of Planet Fitness, Inc. (NYSE:PLNT – Get Rating ) by 2.8% in the first quarter, HoldingsChannel.com reports. The fund owned 6,832 shares of the company’s stock after buying an additional 185 shares during the period. Shares of Xponance Inc. in Planet Fitness were worth $577,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in PLNT. UBS Group AG boosted its holdings in Planet Fitness by 35.0% during the 3rd quarter. UBS Group AG now owns 75,687 shares of the company’s stock valued at $5,945,000 after acquiring an additional 19,634 shares during the period. Janus Henderson Group PLC bought a new position in Planet Fitness during the 3rd quarter worth about $657,000. Moors & Cabot Inc. bought a new position in Planet Fitness during the 3rd quarter worth about $26,000. First Hawaiian Bank bought a new position in Planet Fitness during the 4th quarter worth about $206,000. Finally, Lindbrook Capital LLC boosted its holdings in Planet Fitness by 3,519.4% during the 4th quarter. Lindbrook Capital LLC now owns 2,425 shares of the company’s stock valued at $220,000 after acquiring an additional 2,358 shares during the period. Institutional investors own 93.87% of the company’s shares.
PLNT has been the subject of numerous reports from research analysts. StockNews.com assumed coverage on Planet Fitness in a report on Thursday, March 31st. They set a rating for the company. DA Davidson reduced their price target on Planet Fitness from $110.00 to $90.00 in a research report on Friday, May 13th. Piper Sandler cut their price objective on Planet Fitness from $87.00 to $72.00 in a research report on Wednesday, May 11th. Evercore ISI assumed coverage on Planet Fitness in a research report on Monday, March 14th. They issued an “outperform” rating and a $130.00 target price on the stock. Finally, JPMorgan Chase & Co. raised Planet Fitness from a “neutral” rating to an “overweight” rating and set a $90.00 target price on the stock in a research report on Wednesday, May 11th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Planet Fitness presently has a consensus rating of “Moderate Buy” and an average target price of $98.91, according to MarketBeat.com.
Shares of NYSE PLNT opened at $70.49 on Thursday. Planet Fitness, Inc. has a fifty-two week low of $61.11 and a fifty-two week high of $99.60. The firm has a market cap of $6.42 billion, a PE ratio of 110.14, a price-to-earnings ratio of 1.24 and a beta of 1.14. The stock’s 50-day simple moving average is $70.00, and its 200-day simple moving average is $80.74.
Planet Fitness (NYSE:PLNT – Get Rating ) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $186.70 million for the quarter, compared to the consensus estimate of $190.44 million. Planet Fitness had a negative return on equity of 16.39% and a net margin of 8.11%. The company’s quarterly revenue grew by 66.8% compared to the same quarter last year. During the same quarter last year, the business posted earnings of $0.10. On average, sell-side analysts anticipate that Planet Fitness, Inc. will in the current year to achieve 1.55 earnings per share.
Planet Fitness Company Profile (Download Rating)
Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. It operates through franchise, corporate stores and equipment segments. The Franchise segment is involved in franchise operations in the United States, Puerto Rico, Canada, Panama, Mexico and Australia.
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