AEGON ASSET MANAGEMENT UK Plc Cuts Stake in Planet Fitness, Inc. (NYSE:PLNT)

AEGON ASSET MANAGEMENT UK Plc lessened its stake in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,596 shares of the company's stock after selling 11,774 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.18% of Planet Fitness worth $15,374,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLNT. Vanguard Personalized Indexing Management LLC grew its stake in Planet Fitness by 16.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,779 shares of the company's stock worth $498,000 after buying an additional 947 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Planet Fitness by 3.3% in the 2nd quarter. Pacer Advisors Inc. now owns 13,146 shares of the company's stock worth $967,000 after acquiring an additional 423 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Planet Fitness in the 2nd quarter worth approximately $200,000. AQR Capital Management LLC bought a new stake in shares of Planet Fitness in the 2nd quarter worth approximately $207,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Planet Fitness by 0.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 74,918 shares of the company's stock worth $5,513,000 after acquiring an additional 463 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Analysts Set New Price Targets

PLNT has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of Planet Fitness from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Raymond James boosted their price objective on shares of Planet Fitness from $92.00 to $110.00 and gave the stock a "strong-buy" rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Planet Fitness in a report on Friday, September 27th. They issued a "hold" rating and a $71.00 price objective for the company. Finally, DA Davidson reiterated a "neutral" rating and set a $87.00 price target on shares of Planet Fitness in a report on Tuesday. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Planet Fitness currently has an average rating of "Moderate Buy" and a consensus price target of $97.69.

Planet Fitness Trading Down 0.7 %

NYSE PLNT traded down $0.76 during trading on Friday, hitting $104.79. The company had a trading volume of 1,559,427 shares, compared to its average volume of 1,101,972. Planet Fitness, Inc. has a one year low of $54.35 and a one year high of $108.41. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 56.34, a price-to-earnings-growth ratio of 2.63 and a beta of 1.52. The company's fifty day moving average is $101.03 and its 200-day moving average is $87.68.

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

Insider Transactions at Planet Fitness

In other news, insider Jennifer Simmons sold 11,453 shares of the company's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $96.20, for a total value of $1,101,778.60. Following the sale, the insider now directly owns 19,110 shares of the company's stock, valued at $1,838,382. This represents a 37.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.94% of the company's stock.

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.