Y Intercept Hong Kong Ltd trimmed its stake in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 58.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,108 shares of the company's stock after selling 4,334 shares during the period. Y Intercept Hong Kong Ltd's holdings in Planet Fitness were worth $307,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of PLNT. Ninety One UK Ltd acquired a new stake in shares of Planet Fitness during the 4th quarter valued at approximately $130,376,000. FMR LLC lifted its position 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 during the period. WCM Investment Management LLC acquired a new stake in shares of Planet Fitness during the 4th quarter valued at approximately $22,289,000. Artemis Investment Management LLP acquired a new stake in shares of Planet Fitness during the 4th quarter valued at approximately $18,767,000. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Planet Fitness during the 3rd quarter valued at approximately $13,592,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on PLNT shares. Guggenheim reiterated a "buy" rating and issued a $105.00 price target on shares of Planet Fitness in a report on Thursday, February 27th. Macquarie decreased their price target on shares of Planet Fitness from $99.00 to $95.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. Roth Mkm reiterated a "buy" rating and issued a $115.00 price target (up previously from $110.00) on shares of Planet Fitness in a report on Wednesday, February 26th. Piper Sandler lifted their price target 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 company an "outperform" rating in a report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $99.00.
Check Out Our Latest Stock Report on Planet Fitness
Planet Fitness Trading Up 3.3 %
PLNT stock traded up $3.08 during trading on Friday, reaching $97.41. The stock had a trading volume of 1,744,965 shares, compared to its average volume of 1,678,058. Planet Fitness, Inc. has a 1-year low of $54.35 and a 1-year high of $110.00. The company has a market capitalization of $8.24 billion, a P/E ratio of 52.37, a PEG ratio of 2.45 and a beta of 1.54. The firm has a fifty day moving average price of $101.67 and a 200 day moving average price of $92.75.
Planet Fitness (NYSE:PLNT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.08. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The firm had revenue of $340.50 million for the quarter, compared to analyst estimates of $324.57 million. During the same quarter in the previous year, the business posted $0.60 EPS. The firm's revenue was up 19.4% compared to the same quarter last year. Sell-side analysts predict that Planet Fitness, Inc. will post 2.51 EPS for the current year.
Planet Fitness Profile
(
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.
See Also
Before you consider Planet Fitness, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Planet Fitness wasn't on the list.
While Planet Fitness currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for March 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
