Amundi Trims Stock Position in Planet Fitness, Inc. (NYSE:PLNT)

Amundi decreased its position in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 29.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,884,333 shares of the company's stock after selling 1,189,228 shares during the quarter. Amundi owned 3.41% of Planet Fitness worth $290,310,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Planet Fitness in the 3rd quarter valued at $13,592,000. Verdence Capital Advisors LLC raised its stake in Planet Fitness by 4.5% in the third quarter. Verdence Capital Advisors LLC now owns 3,047 shares of the company's stock valued at $247,000 after buying an additional 132 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Planet Fitness by 8.8% in the third quarter. Crossmark Global Holdings Inc. now owns 6,256 shares of the company's stock valued at $508,000 after buying an additional 508 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in Planet Fitness during the 3rd quarter worth about $5,206,000. Finally, Versor Investments LP acquired a new position in shares of Planet Fitness during the 3rd quarter worth about $1,031,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PLNT shares. Piper Sandler upped their price target on Planet Fitness from $115.00 to $123.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Royal Bank of Canada restated an "outperform" rating and issued a $120.00 price objective on shares of Planet Fitness in a research note on Monday, February 24th. Macquarie decreased their target price 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. Roth Mkm reissued a "buy" rating and issued a $115.00 price objective (up from $110.00) on shares of Planet Fitness in a report on Wednesday, February 26th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $87.00 target price on shares of Planet Fitness in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Planet Fitness presently has a consensus rating of "Moderate Buy" and a consensus target price of $99.00.

Remove Ads

Planet Fitness Price Performance

Shares of NYSE PLNT traded up $0.47 during trading on Wednesday, hitting $93.55. 1,193,202 shares of the company were exchanged, compared to its average volume of 1,671,266. Planet Fitness, Inc. has a 1 year low of $54.35 and a 1 year high of $110.00. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 50.30, a PEG ratio of 2.45 and a beta of 1.54. The firm's fifty day moving average price is $101.39 and its 200 day moving average price is $93.24.

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, topping 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 firm had revenue of $340.50 million for the quarter, compared to the consensus estimate of $324.57 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The firm's revenue was up 19.4% on a year-over-year basis. On average, research analysts forecast that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

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.