E. Ohman J or Asset Management AB Sells 10,362 Shares of Planet Fitness, Inc. (NYSE:PLNT)

E. Ohman J or Asset Management AB reduced its stake in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 33.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,651 shares of the company's stock after selling 10,362 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Planet Fitness were worth $2,042,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Planet Fitness by 666.9% during the 3rd quarter. FMR LLC now owns 795,485 shares of the company's stock valued at $64,609,000 after acquiring an additional 691,761 shares in the last quarter. Artemis Investment Management LLP purchased a new position in Planet Fitness in the fourth quarter valued at about $18,767,000. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Planet Fitness in the 3rd quarter worth about $13,592,000. Lisanti Capital Growth LLC purchased a new stake in shares of Planet Fitness during the 3rd quarter worth about $5,206,000. Finally, State Street Corp lifted its holdings in shares of Planet Fitness by 1.5% during the 3rd quarter. State Street Corp now owns 2,524,764 shares of the company's stock valued at $205,061,000 after buying an additional 37,236 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Insider Activity at Planet Fitness

In other news, insider Jennifer Simmons sold 11,453 shares of the 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 completion of the transaction, the insider now directly owns 19,110 shares of the company's stock, valued at approximately $1,838,382. This represents a 37.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.94% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on PLNT. JPMorgan Chase & Co. increased their price target on shares of Planet Fitness from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Robert W. Baird raised their target price on Planet Fitness from $92.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Royal Bank of Canada reiterated an "outperform" rating and set a $120.00 price target on shares of Planet Fitness in a research note on Wednesday, January 15th. Piper Sandler raised their price objective on Planet Fitness from $115.00 to $123.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Finally, Raymond James increased their price target on Planet Fitness from $92.00 to $110.00 and gave the company a "strong-buy" rating in a report on Friday, November 8th. 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 company's stock. According to MarketBeat, Planet Fitness presently has a consensus rating of "Moderate Buy" and an average price target of $97.69.

Planet Fitness Stock Performance

Shares of PLNT traded down $0.69 during trading hours on Friday, reaching $107.85. 742,722 shares of the company traded hands, compared to its average volume of 1,427,913. Planet Fitness, Inc. has a 1-year low of $54.35 and a 1-year high of $110.00. The stock has a market cap of $9.12 billion, a P/E ratio of 57.98, a price-to-earnings-growth ratio of 2.68 and a beta of 1.53. The stock's fifty day moving average is $102.52 and its 200 day moving average is $89.90.

Planet Fitness (NYSE:PLNT - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.57 by $0.07. The firm had revenue of $292.20 million during the quarter, compared to analysts' expectations of $283.79 million. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 EPS. On average, equities research analysts predict that Planet Fitness, Inc. will post 2.5 EPS for the current year.

Planet Fitness Company 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.