Blair William & Co. IL Sells 22,058 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Blair William & Co. IL reduced its stake in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 12.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 153,192 shares of the company's stock after selling 22,058 shares during the quarter. Blair William & Co. IL owned about 0.18% of Planet Fitness worth $15,146,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its position in shares of Planet Fitness by 67.4% in the 4th quarter. UMB Bank n.a. now owns 390 shares of the company's stock worth $39,000 after acquiring an additional 157 shares in the last quarter. R Squared Ltd acquired a new position in Planet Fitness in the fourth quarter valued at approximately $39,000. Skandinaviska Enskilda Banken AB publ lifted its stake in Planet Fitness by 1,139.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company's stock valued at $53,000 after buying an additional 490 shares during the period. Beaumont Financial Advisors LLC bought a new position in shares of Planet Fitness during the 4th quarter worth approximately $202,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Planet Fitness in the 4th quarter valued at $203,000. 95.53% of the stock is currently owned by institutional investors.

Planet Fitness Trading Up 2.8 %

Shares of PLNT stock traded up $2.68 during trading on Wednesday, hitting $98.36. The company's stock had a trading volume of 439,600 shares, compared to its average volume of 1,450,363. The company has a market cap of $8.33 billion, a PE ratio of 52.88, a P/E/G ratio of 2.45 and a beta of 1.54. Planet Fitness, Inc. has a 52 week low of $57.64 and a 52 week high of $110.00. The business has a fifty day moving average of $100.06 and a 200-day moving average of $95.02.

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Planet Fitness (NYSE:PLNT - Get Free Report) last released 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. The business had revenue of $340.50 million during the quarter, compared to the consensus estimate of $324.57 million. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The business's revenue for the quarter was up 19.4% on a year-over-year basis. During the same period last year, the business posted $0.60 earnings per share. As a group, research analysts predict that Planet Fitness, Inc. will post 2.51 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Piper Sandler increased their target price on shares of Planet Fitness from $115.00 to $123.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Roth Mkm restated a "buy" rating and issued a $115.00 target price (up from $110.00) on shares of Planet Fitness in a research note on Wednesday, February 26th. BMO Capital Markets boosted their target price on Planet Fitness from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday. Canaccord Genuity Group assumed coverage on Planet Fitness in a report on Thursday, March 13th. They issued a "buy" rating and a $120.00 price target on the stock. Finally, Macquarie decreased their price objective on Planet Fitness from $99.00 to $95.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $101.44.

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.