1,318,656 Shares in Planet Fitness, Inc. (NYSE:PLNT) Acquired by Ninety One UK Ltd

Ninety One UK Ltd bought a new position in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,318,656 shares of the company's stock, valued at approximately $130,376,000. Ninety One UK Ltd owned 1.56% of Planet Fitness as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in shares of Planet Fitness in the 2nd quarter valued at about $207,000. Creative Planning increased its position in Planet Fitness by 16.6% during the 2nd quarter. Creative Planning now owns 8,952 shares of the company's stock worth $659,000 after buying an additional 1,277 shares during the period. SG Americas Securities LLC raised its stake in Planet Fitness by 2.0% in the 3rd quarter. SG Americas Securities LLC now owns 14,793 shares of the company's stock worth $1,201,000 after purchasing an additional 296 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Planet Fitness by 39.9% in the third quarter. Handelsbanken Fonder AB now owns 22,081 shares of the company's stock valued at $1,793,000 after buying an additional 6,300 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Planet Fitness by 396.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,898 shares of the company's stock worth $154,000 after purchasing an additional 1,516 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Insider Buying and Selling at Planet Fitness

In other Planet Fitness news, insider Jennifer Simmons sold 11,453 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $96.20, for a total transaction of $1,101,778.60. Following the completion of the sale, the insider now directly owns 19,110 shares in the company, valued at approximately $1,838,382. This trade represents a 37.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.94% of the company's stock.

Planet Fitness Trading Down 0.6 %

NYSE:PLNT traded down $0.69 during trading hours on Friday, hitting $107.85. 742,722 shares of the company were exchanged, compared to its average volume of 1,427,913. The company has a fifty day simple moving average of $102.52 and a 200 day simple moving average of $89.90. Planet Fitness, Inc. has a one year low of $54.35 and a one year high of $110.00. The stock has a market capitalization of $9.12 billion, a price-to-earnings ratio of 57.98, a price-to-earnings-growth ratio of 2.68 and a beta of 1.53.

Planet Fitness (NYSE:PLNT - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.07. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The company had revenue of $292.20 million during the quarter, compared to the consensus estimate of $283.79 million. During the same period last year, the company earned $0.59 earnings per share. The firm's revenue was up 5.3% compared to the same quarter last year. Equities research analysts predict that Planet Fitness, Inc. will post 2.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PLNT has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Planet Fitness from $84.00 to $89.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. Robert W. Baird raised their target price on Planet Fitness from $92.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Stifel Nicolaus boosted their price target on Planet Fitness from $85.00 to $90.00 and gave the stock a "hold" rating in a report on Friday, January 17th. Macquarie reaffirmed a "neutral" rating and issued a $99.00 price objective (up from $91.00) on shares of Planet Fitness in a research note on Friday, November 8th. Finally, Raymond James lifted their target price on Planet Fitness from $92.00 to $110.00 and gave the company a "strong-buy" rating in a research report on Friday, November 8th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $97.69.

Planet Fitness Profile

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.