Virtu Financial LLC Makes New $292,000 Investment in Planet Fitness, Inc. (NYSE:PLNT)

Virtu Financial LLC purchased a new stake in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,950 shares of the company's stock, valued at approximately $292,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tidal Investments LLC grew its holdings in Planet Fitness by 132.5% during the third quarter. Tidal Investments LLC now owns 28,957 shares of the company's stock worth $2,352,000 after buying an additional 16,503 shares in the last quarter. AMJ Financial Wealth Management purchased a new position in Planet Fitness during the 4th quarter worth $495,000. State Street Corp boosted its holdings in Planet Fitness by 1.5% during the 3rd quarter. State Street Corp now owns 2,524,764 shares of the company's stock worth $205,061,000 after acquiring an additional 37,236 shares during the last quarter. Nkcfo LLC bought a new stake in shares of Planet Fitness in the 4th quarter worth $1,088,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Planet Fitness in the third quarter valued at about $604,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Planet Fitness Trading Down 0.8 %

Shares of NYSE PLNT traded down $0.81 during midday trading on Tuesday, hitting $95.80. The company's stock had a trading volume of 1,488,875 shares, compared to its average volume of 1,454,251. The stock has a fifty day moving average price of $100.06 and a 200 day moving average price of $95.02. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 51.50, a P/E/G ratio of 2.45 and a beta of 1.54. Planet Fitness, Inc. has a one year low of $57.64 and a one year high of $110.00.

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Planet Fitness (NYSE:PLNT - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.08. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The business had revenue of $340.50 million for the quarter, compared to analysts' expectations of $324.57 million. During the same quarter in the previous year, the firm posted $0.60 EPS. The business's revenue for the quarter was up 19.4% compared to the same quarter last year. On average, equities research analysts predict that Planet Fitness, Inc. will post 2.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

PLNT has been the subject of a number of recent analyst reports. Piper Sandler upped their price objective on shares of Planet Fitness from $115.00 to $123.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. Canaccord Genuity Group assumed coverage on Planet Fitness in a research note on Thursday, March 13th. They issued a "buy" rating and a $120.00 target price on the stock. BMO Capital Markets increased their price target on Planet Fitness from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday. JPMorgan Chase & Co. lifted their price target on Planet Fitness from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Finally, Macquarie reduced their price objective on Planet Fitness from $99.00 to $95.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Planet Fitness currently has a consensus rating of "Moderate Buy" and a consensus price target of $101.44.

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.