Advantage Alpha Capital Partners LP Increases Stock Position in Planet Fitness, Inc. (NYSE:PLNT)

Advantage Alpha Capital Partners LP increased its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 73.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,935 shares of the company's stock after acquiring an additional 22,751 shares during the period. Planet Fitness makes up approximately 1.3% of Advantage Alpha Capital Partners LP's portfolio, making the stock its 29th biggest holding. Advantage Alpha Capital Partners LP owned 0.06% of Planet Fitness worth $5,333,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Natixis Advisors LLC acquired a new stake in Planet Fitness in the third quarter valued at $855,000. Larson Financial Group LLC increased its holdings in shares of Planet Fitness by 151,050.0% in the 3rd quarter. Larson Financial Group LLC now owns 3,023 shares of the company's stock valued at $246,000 after purchasing an additional 3,021 shares in the last quarter. Qsemble Capital Management LP lifted its stake in shares of Planet Fitness by 100.6% in the third quarter. Qsemble Capital Management LP now owns 20,972 shares of the company's stock valued at $1,703,000 after purchasing an additional 10,518 shares during the period. FMR LLC boosted its holdings in Planet Fitness by 666.9% during the third quarter. FMR LLC now owns 795,485 shares of the company's stock worth $64,609,000 after buying an additional 691,761 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Planet Fitness during the third quarter worth about $1,990,000. Institutional investors and hedge funds own 95.53% of the company's stock.

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Planet Fitness Price Performance

PLNT traded down $3.02 during trading on Friday, hitting $96.18. The company's stock had a trading volume of 957,066 shares, compared to its average volume of 1,458,929. Planet Fitness, Inc. has a twelve month low of $57.64 and a twelve month high of $110.00. The stock has a market cap of $8.14 billion, a PE ratio of 51.71, a PEG ratio of 2.45 and a beta of 1.54. The firm's 50 day moving average price is $100.46 and its 200-day moving average price is $94.63.

Planet Fitness (NYSE:PLNT - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.08. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The firm had revenue of $340.50 million for the quarter, compared to the consensus estimate of $324.57 million. During the same period in the prior year, the business posted $0.60 earnings per share. The firm's revenue for the quarter was up 19.4% compared to the same quarter last year. Equities analysts anticipate that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PLNT shares. Roth Mkm reiterated a "buy" rating and set a $115.00 price target (up from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. DA Davidson reaffirmed a "neutral" rating and set a $87.00 price objective on shares of Planet Fitness in a report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their target price on Planet Fitness from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Guggenheim restated a "buy" rating and issued a $105.00 price target on shares of Planet Fitness in a research report on Thursday, February 27th. Finally, Macquarie decreased their price objective on shares of Planet Fitness from $99.00 to $95.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Five 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.17.

Planet Fitness Company 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.