Hancock Whitney Corp raised its stake in Planet Fitness Inc (NYSE:PLNT) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,477 shares of the company’s stock after purchasing an additional 294 shares during the period. Hancock Whitney Corp’s holdings in Planet Fitness were worth $2,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Planet Fitness in the fourth quarter valued at about $36,000. Tower Research Capital LLC TRC boosted its holdings in Planet Fitness by 620.0% in the third quarter. Tower Research Capital LLC TRC now owns 720 shares of the company’s stock worth $42,000 after acquiring an additional 620 shares in the last quarter. Exane Derivatives acquired a new stake in Planet Fitness in the fourth quarter worth about $92,000. Usca Ria LLC acquired a new stake in Planet Fitness in the third quarter worth about $93,000. Finally, Patten & Patten Inc. TN acquired a new stake in Planet Fitness in the fourth quarter worth about $314,000. Institutional investors own 90.15% of the company’s stock.
Planet Fitness stock opened at $86.46 on Friday. Planet Fitness Inc has a 52 week low of $56.14 and a 52 week high of $86.46. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 65.01, a price-to-earnings-growth ratio of 2.11 and a beta of 0.65. The stock has a 50-day moving average price of $79.12 and a 200 day moving average price of $70.44.
About Planet Fitness
Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness name. It operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, and Panama.
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