Chicago Capital LLC purchased a new stake in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,503 shares of the company's stock, valued at approximately $742,000.
Several other institutional investors and hedge funds also recently made changes to their positions in PLNT. Greenleaf Trust bought a new stake in shares of Planet Fitness in the fourth quarter worth approximately $210,000. R Squared Ltd purchased a new stake in Planet Fitness in the fourth quarter worth approximately $39,000. Moody Aldrich Partners LLC bought a new stake in Planet Fitness in the 4th quarter worth approximately $330,000. KBC Group NV lifted its holdings in shares of Planet Fitness by 23.1% during the 4th quarter. KBC Group NV now owns 3,081 shares of the company's stock valued at $305,000 after buying an additional 578 shares during the period. Finally, Cetera Trust Company N.A lifted its holdings in shares of Planet Fitness by 5.2% during the 4th quarter. Cetera Trust Company N.A now owns 2,710 shares of the company's stock valued at $268,000 after buying an additional 135 shares during the period. Institutional investors own 95.53% of the company's stock.
Insider Buying and Selling at Planet Fitness
In other Planet Fitness news, insider Jennifer Simmons sold 11,453 shares of Planet Fitness stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $96.20, for a total value of $1,101,778.60. Following the sale, the insider now owns 19,110 shares of the company's stock, valued at $1,838,382. The trade was a 37.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.94% of the stock is currently owned by insiders.
Planet Fitness Trading Down 0.6 %
PLNT traded down $0.69 on Friday, hitting $107.85. 742,722 shares of the company's stock traded hands, compared to its average volume of 1,414,581. The company's 50 day simple moving average is $102.52 and its 200-day simple moving average is $89.90. Planet Fitness, Inc. has a one year low of $54.35 and a one year high of $110.00. The firm has a market cap of $9.12 billion, a price-to-earnings ratio of 57.98, a P/E/G ratio of 2.67 and a beta of 1.53.
Planet Fitness (NYSE:PLNT - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.07. The firm had revenue of $292.20 million for the quarter, compared to analysts' expectations of $283.79 million. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 earnings per share. As a group, equities analysts anticipate that Planet Fitness, Inc. will post 2.5 EPS for the current fiscal year.
Analyst Ratings Changes
PLNT has been the subject of a number of research reports. Royal Bank of Canada reiterated an "outperform" rating and set a $120.00 price objective on shares of Planet Fitness in a research report on Wednesday, January 15th. Macquarie reiterated a "neutral" rating and issued a $99.00 price objective (up previously from $91.00) on shares of Planet Fitness in a research note on Friday, November 8th. DA Davidson reissued a "neutral" rating and issued a $87.00 price objective on shares of Planet Fitness in a report on Tuesday, January 21st. Piper Sandler upped their target price on shares of Planet Fitness from $115.00 to $123.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Finally, Robert W. Baird lifted their price target on shares of Planet Fitness from $92.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $97.69.
Read Our Latest Report on Planet Fitness
About Planet Fitness
(
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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