International Assets Investment Management LLC grew its holdings in Planet Fitness, Inc. (NYSE:PLNT – Free Report) by 886.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,840 shares of the company’s stock after purchasing an additional 5,248 shares during the period. International Assets Investment Management LLC’s holdings in Planet Fitness were worth $426,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of PLNT. Allworth Financial LP increased its holdings in shares of Planet Fitness by 247.6% in the 4th quarter. Allworth Financial LP now owns 358 shares of the company’s stock worth $26,000 after purchasing an additional 255 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Planet Fitness in the fourth quarter worth $47,000. Covestor Ltd grew its holdings in shares of Planet Fitness by 19.5% in the third quarter. Covestor Ltd now owns 1,460 shares of the company’s stock worth $72,000 after acquiring an additional 238 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Planet Fitness by 17.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 999 shares of the company’s stock worth $73,000 after acquiring an additional 148 shares during the period. Finally, Larson Financial Group LLC bought a new stake in shares of Planet Fitness in the third quarter worth $182,000. Institutional investors own 95.53% of the company’s stock.
Planet Fitness Stock Performance
PLNT opened at $65.46 on Wednesday. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 37.62, a P/E/G ratio of 2.12 and a beta of 1.37. The stock’s 50 day moving average price is $61.70 and its 200-day moving average price is $65.96. Planet Fitness, Inc. has a one year low of $44.13 and a one year high of $75.86.
Planet Fitness (NYSE:PLNT – Get Free Report) last released its earnings results on Thursday, May 9th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. The firm had revenue of $248.00 million for the quarter, compared to analysts’ expectations of $249.48 million. Planet Fitness had a negative return on equity of 140.14% and a net margin of 13.66%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. As a group, analysts predict that Planet Fitness, Inc. will post 2.43 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts recently weighed in on the company. DA Davidson reiterated a “neutral” rating and set a $62.00 target price on shares of Planet Fitness in a research report on Thursday, May 9th. Morgan Stanley reiterated an “overweight” rating and issued a $79.00 target price on shares of Planet Fitness in a research report on Monday, April 1st. StockNews.com upgraded Planet Fitness from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Raymond James boosted their target price on Planet Fitness from $75.00 to $80.00 and gave the stock a “strong-buy” rating in a research report on Friday, May 10th. Finally, Robert W. Baird boosted their price objective on Planet Fitness from $80.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.86.
Get Our Latest Stock Analysis on PLNT
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.
Further Reading
Want to see what other hedge funds are holding PLNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Planet Fitness, Inc. (NYSE:PLNT – Free Report).
Receive News & Ratings for Planet Fitness Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Planet Fitness and related companies with MarketBeat.com’s FREE daily email newsletter.