Oppenheimer & Co. Inc. cut its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 41.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,708 shares of the company's stock after selling 7,480 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Planet Fitness were worth $1,059,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. M&T Bank Corp increased its position in shares of Planet Fitness by 2.6% in the third quarter. M&T Bank Corp now owns 4,947 shares of the company's stock worth $402,000 after purchasing an additional 124 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of Planet Fitness by 4.5% in the third quarter. Verdence Capital Advisors LLC now owns 3,047 shares of the company's stock worth $247,000 after purchasing an additional 132 shares during the last quarter. Cetera Trust Company N.A increased its position in shares of Planet Fitness by 5.2% in the fourth quarter. Cetera Trust Company N.A now owns 2,710 shares of the company's stock worth $268,000 after purchasing an additional 135 shares during the last quarter. UMB Bank n.a. increased its position in shares of Planet Fitness by 67.4% in the fourth quarter. UMB Bank n.a. now owns 390 shares of the company's stock worth $39,000 after purchasing an additional 157 shares during the last quarter. Finally, Truist Financial Corp increased its position in shares of Planet Fitness by 1.3% in the fourth quarter. Truist Financial Corp now owns 12,632 shares of the company's stock worth $1,249,000 after purchasing an additional 161 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.
Planet Fitness Trading Up 3.3 %
Planet Fitness stock traded up $3.08 on Friday, hitting $97.41. 1,744,965 shares of the stock traded hands, compared to its average volume of 1,678,058. The firm has a market cap of $8.24 billion, a P/E ratio of 52.37, a price-to-earnings-growth ratio of 2.45 and a beta of 1.54. The business's fifty day simple moving average is $101.67 and its 200 day simple moving average is $92.75. Planet Fitness, Inc. has a 1 year low of $54.35 and a 1 year high of $110.00.
Planet Fitness (NYSE:PLNT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.70 EPS for the quarter, beating the consensus estimate 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 business had revenue of $340.50 million during the quarter, compared to analyst estimates of $324.57 million. During the same quarter last year, the firm posted $0.60 earnings per share. The company's revenue for the quarter was up 19.4% on a year-over-year basis. As a group, analysts predict that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.
Analyst Upgrades and Downgrades
PLNT has been the topic of a number of recent research reports. Roth Mkm reiterated a "buy" rating and set a $115.00 price target (up from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Stifel Nicolaus reduced their price target on shares of Planet Fitness from $90.00 to $82.00 and set a "hold" rating on the stock in a research report on Friday, February 28th. JPMorgan Chase & Co. increased their price objective on Planet Fitness from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Guggenheim reissued a "buy" rating and set a $105.00 price objective on shares of Planet Fitness in a research note on Thursday, February 27th. Finally, Macquarie dropped their price objective on Planet Fitness from $99.00 to $95.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Planet Fitness presently has a consensus rating of "Moderate Buy" and a consensus price target of $99.00.
Check Out 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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