Public Employees Retirement System of Ohio decreased its holdings in Planet Fitness, Inc. (NYSE:PLNT – Free Report) by 8.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,182 shares of the company’s stock after selling 3,035 shares during the period. Public Employees Retirement System of Ohio’s holdings in Planet Fitness were worth $2,078,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of PLNT. Allworth Financial LP grew its position in shares of Planet Fitness by 247.6% during the 4th quarter. Allworth Financial LP now owns 358 shares of the company’s stock worth $26,000 after buying an additional 255 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Planet Fitness during the 1st quarter worth $27,000. Asset Management One Co. Ltd. grew its position in shares of Planet Fitness by 17.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 999 shares of the company’s stock worth $73,000 after buying an additional 148 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Planet Fitness by 24.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,006 shares of the company’s stock worth $73,000 after buying an additional 197 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of Planet Fitness by 169.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,181 shares of the company’s stock worth $86,000 after buying an additional 743 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $79.00 price objective on shares of Planet Fitness in a research report on Friday, June 14th. Raymond James raised their price objective on Planet Fitness from $75.00 to $80.00 and gave the company a “strong-buy” rating in a research report on Friday, May 10th. Stifel Nicolaus downgraded Planet Fitness from a “buy” rating to a “hold” rating and dropped their price objective for the company from $80.00 to $70.00 in a research report on Friday, May 10th. TD Cowen raised Planet Fitness from a “hold” rating to a “buy” rating and raised their price objective for the company from $66.00 to $92.00 in a research report on Monday, June 24th. Finally, Piper Sandler raised their price objective on Planet Fitness from $80.00 to $89.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.64.
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Planet Fitness Stock Down 0.4 %
Shares of NYSE:PLNT opened at $72.40 on Friday. Planet Fitness, Inc. has a 52-week low of $44.13 and a 52-week high of $79.09. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of 41.61, a PEG ratio of 2.44 and a beta of 1.49. The business has a 50-day moving average price of $71.80 and a 200-day moving average price of $66.88.
Planet Fitness (NYSE:PLNT – Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.04. Planet Fitness had a negative return on equity of 140.14% and a net margin of 13.66%. The firm had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $249.48 million. During the same period last year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, equities analysts anticipate that Planet Fitness, Inc. will post 2.43 EPS for the current fiscal 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.
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