XTX Topco Ltd Has $839,000 Stock Position in Planet Fitness, Inc. (NYSE:PLNT)

XTX Topco Ltd trimmed its holdings in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 54.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,329 shares of the company's stock after selling 12,345 shares during the quarter. XTX Topco Ltd's holdings in Planet Fitness were worth $839,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PLNT. LRI Investments LLC increased its stake in Planet Fitness by 61.2% in the second quarter. LRI Investments LLC now owns 403 shares of the company's stock worth $30,000 after purchasing an additional 153 shares during the period. Quarry LP increased its stake in Planet Fitness by 174.7% in the second quarter. Quarry LP now owns 500 shares of the company's stock worth $37,000 after purchasing an additional 318 shares during the period. V Square Quantitative Management LLC increased its stake in Planet Fitness by 69.8% in the third quarter. V Square Quantitative Management LLC now owns 489 shares of the company's stock worth $40,000 after purchasing an additional 201 shares during the period. GAMMA Investing LLC increased its stake in Planet Fitness by 396.9% in the third quarter. GAMMA Investing LLC now owns 1,898 shares of the company's stock worth $154,000 after purchasing an additional 1,516 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in Planet Fitness in the second quarter worth $200,000. 95.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PLNT shares. Macquarie reaffirmed a "neutral" rating and issued a $99.00 price objective (up from $91.00) on shares of Planet Fitness in a research note on Friday, November 8th. Royal Bank of Canada increased their price objective on shares of Planet Fitness from $87.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Morgan Stanley increased their price objective on shares of Planet Fitness from $84.00 to $89.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. DA Davidson increased their price objective on shares of Planet Fitness from $70.00 to $87.00 and gave the company a "neutral" rating in a research note on Friday, November 29th. Finally, BNP Paribas upgraded shares of Planet Fitness from a "neutral" rating to an "outperform" rating and set a $97.00 price objective on the stock in a research note on Thursday, September 5th. Five equities 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.38.

Planet Fitness Stock Up 1.8 %

NYSE PLNT traded up $1.85 on Wednesday, reaching $102.02. 1,214,061 shares of the stock traded hands, compared to its average volume of 1,496,553. Planet Fitness, Inc. has a 12 month low of $54.35 and a 12 month high of $102.88. The firm's fifty day simple moving average is $89.22 and its 200 day simple moving average is $80.55. The company has a market cap of $8.63 billion, a price-to-earnings ratio of 54.84, a P/E/G ratio of 3.31 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 analysts' consensus estimates 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 business's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 earnings per share. As a group, equities research analysts forecast that Planet Fitness, Inc. will post 2.5 EPS for the current fiscal year.

Insider Transactions at Planet Fitness

In other news, insider Jennifer Simmons sold 11,453 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $96.20, for a total transaction of $1,101,778.60. Following the completion of the transaction, the insider now directly owns 19,110 shares in the company, valued at $1,838,382. This represents a 37.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.94% of the stock is owned by company insiders.

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.