Trexquant Investment LP Takes Position in Planet Fitness, Inc. (NYSE:PLNT)

Trexquant Investment LP bought a new position in Planet Fitness, Inc. (NYSE:PLNT - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 5,774 shares of the company's stock, valued at approximately $571,000.

A number of other hedge funds have also bought and sold shares of PLNT. Ninety One UK Ltd purchased a new position in Planet Fitness in the 4th quarter worth $130,376,000. Norges Bank acquired a new stake in shares of Planet Fitness during the fourth quarter worth about $100,009,000. WCM Investment Management LLC purchased a new stake in Planet Fitness in the fourth quarter valued at approximately $22,289,000. Artemis Investment Management LLP purchased a new position in Planet Fitness during the 4th quarter worth approximately $18,767,000. Finally, American Century Companies Inc. lifted its stake in Planet Fitness by 36.4% during the 4th quarter. American Century Companies Inc. now owns 546,664 shares of the company's stock valued at $54,049,000 after acquiring an additional 145,799 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Planet Fitness Trading Down 0.6 %

PLNT traded down $0.57 on Friday, hitting $93.91. 1,037,277 shares of the company's stock were exchanged, compared to its average volume of 1,438,202. Planet Fitness, Inc. has a fifty-two week low of $57.64 and a fifty-two week high of $110.00. The stock has a market cap of $7.95 billion, a price-to-earnings ratio of 50.49, a P/E/G ratio of 2.45 and a beta of 1.39. The firm has a 50-day moving average price of $96.65 and a 200-day moving average price of $95.93.

Planet Fitness (NYSE:PLNT - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.70 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 company had revenue of $340.50 million during the quarter, compared to the consensus estimate of $324.57 million. During the same quarter in the prior year, the firm earned $0.60 EPS. Planet Fitness's quarterly revenue was up 19.4% on a year-over-year basis. On average, equities analysts predict that Planet Fitness, Inc. will post 2.51 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PLNT shares. DA Davidson reissued a "neutral" rating and set a $87.00 target price on shares of Planet Fitness in a report on Tuesday, January 21st. Canaccord Genuity Group started coverage on Planet Fitness in a research note on Thursday, March 13th. They set a "buy" rating and a $120.00 price objective for the company. Stifel Nicolaus lowered their target price on Planet Fitness from $90.00 to $82.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. Macquarie reduced their price target on Planet Fitness from $99.00 to $95.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Finally, Guggenheim upped their price objective on Planet Fitness from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Planet Fitness currently has an average rating of "Moderate Buy" and a consensus target price of $101.72.

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.