Hancock Whitney Corp Boosts Stock Position in Planet Fitness Inc (NYSE:PLNT)

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.

Several brokerages have weighed in on PLNT. Zacks Investment Research downgraded Planet Fitness from a “hold” rating to a “strong sell” rating and set a $83.00 price target for the company. in a report on Tuesday, January 14th. Macquarie reissued a “buy” rating and issued a $90.00 price target on shares of Planet Fitness in a report on Monday, November 25th. Piper Jaffray Companies reissued a “buy” rating and issued a $84.00 price target on shares of Planet Fitness in a report on Wednesday, November 13th. Robert W. Baird raised their price target on Planet Fitness from $84.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Finally, Roth Capital lowered their price target on Planet Fitness from $86.00 to $75.00 and set a “buy” rating for the company in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $80.50.

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.

Featured Article: How to build a Fibonacci channel

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).

Institutional Ownership by Quarter for Planet Fitness (NYSE:PLNT)

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.