Bessemer Group Inc. grew its position in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 351,730 shares of the company's stock after purchasing an additional 8,182 shares during the period. Bessemer Group Inc. owned approximately 0.42% of Planet Fitness worth $34,776,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in PLNT. UMB Bank n.a. raised its position in shares of Planet Fitness by 67.4% during the 4th quarter. UMB Bank n.a. now owns 390 shares of the company's stock worth $39,000 after buying an additional 157 shares in the last quarter. R Squared Ltd bought a new position in shares of Planet Fitness in the fourth quarter valued at $39,000. Proficio Capital Partners LLC bought a new position in shares of Planet Fitness in the fourth quarter valued at $51,000. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Planet Fitness by 1,139.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company's stock worth $53,000 after acquiring an additional 490 shares during the last quarter. Finally, Beaumont Financial Advisors LLC acquired a new stake in shares of Planet Fitness during the fourth quarter worth $202,000. Institutional investors and hedge funds own 95.53% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on PLNT shares. BMO Capital Markets lifted their price target on Planet Fitness from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, March 31st. Canaccord Genuity Group began coverage on shares of Planet Fitness in a research report on Thursday, March 13th. They issued a "buy" rating and a $120.00 target price on the stock. Roth Mkm restated a "buy" rating and issued a $115.00 price target (up previously from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Macquarie decreased their price objective on shares of Planet Fitness from $99.00 to $95.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Finally, DA Davidson reissued a "neutral" rating and set a $87.00 target price on shares of Planet Fitness in a research note on Tuesday, January 21st. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $101.72.
Read Our Latest Analysis on PLNT
Planet Fitness Stock Performance
Shares of PLNT traded down $1.44 during trading hours on Tuesday, hitting $96.15. 203,520 shares of the company were exchanged, compared to its average volume of 1,446,548. The company has a market cap of $8.14 billion, a PE ratio of 51.69, a PEG ratio of 2.45 and a beta of 1.39. The firm's 50 day moving average is $97.41 and its 200-day moving average is $95.85. Planet Fitness, Inc. has a 52 week low of $57.64 and a 52 week high of $110.00.
Planet Fitness (NYSE:PLNT - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $324.57 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The company's revenue was up 19.4% on a year-over-year basis. As a group, equities analysts forecast that Planet Fitness, Inc. will post 2.51 earnings per share for the current fiscal year.
Planet Fitness Profile
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Free Report)
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.
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