Natixis Advisors L.P. acquired a new stake in shares of Planet Fitness, Inc. (NYSE:PLNT – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,797 shares of the company’s stock, valued at approximately $788,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. lifted its stake in shares of Planet Fitness by 66.8% during the third quarter. American Century Companies Inc. now owns 877,723 shares of the company’s stock worth $43,166,000 after buying an additional 351,401 shares during the period. Oak Thistle LLC purchased a new position in Planet Fitness in the 4th quarter worth $389,000. Graham Capital Management L.P. purchased a new position in Planet Fitness in the 3rd quarter worth $944,000. Pacer Advisors Inc. lifted its position in Planet Fitness by 80.4% during the 4th quarter. Pacer Advisors Inc. now owns 12,833 shares of the company’s stock worth $937,000 after acquiring an additional 5,719 shares during the period. Finally, Diversified Trust Co grew its stake in Planet Fitness by 3.4% during the 4th 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 during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently commented on PLNT shares. Morgan Stanley reaffirmed an “overweight” rating and set a $79.00 target price on shares of Planet Fitness in a report on Monday, April 1st. StockNews.com upgraded shares of Planet Fitness from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. DA Davidson reiterated a “neutral” rating and issued a $62.00 price objective on shares of Planet Fitness in a research note on Thursday, May 9th. Raymond James raised their target price on shares of Planet Fitness from $75.00 to $80.00 and gave the stock a “strong-buy” rating in a report on Friday, May 10th. Finally, Stifel Nicolaus lowered shares of Planet Fitness from a “buy” rating to a “hold” rating and lowered their price target for the company from $80.00 to $70.00 in a report on Friday, May 10th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Planet Fitness presently has an average rating of “Moderate Buy” and a consensus target price of $71.86.
Read Our Latest Stock Report on PLNT
Planet Fitness Stock Performance
PLNT stock opened at $63.27 on Friday. Planet Fitness, Inc. has a one year low of $44.13 and a one year high of $75.86. The firm has a market cap of $5.58 billion, a PE ratio of 36.36, a PEG ratio of 2.26 and a beta of 1.37. The firm’s 50 day moving average price is $61.63 and its 200-day moving average price is $65.66.
Planet Fitness (NYSE:PLNT – Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. The company had revenue of $248.00 million for the quarter, compared to the consensus estimate of $249.48 million. Planet Fitness had a negative return on equity of 140.14% and a net margin of 13.66%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. Equities research analysts predict that Planet Fitness, Inc. will post 2.43 EPS for the current fiscal year.
About Planet Fitness
Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The company is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.
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