American Century Companies Inc. Has $54.05 Million Holdings in Planet Fitness, Inc. (NYSE:PLNT)

American Century Companies Inc. boosted its holdings in Planet Fitness, Inc. (NYSE:PLNT) by 36.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 546,664 shares of the company’s stock after purchasing an additional 145,799 shares during the quarter. American Century Companies Inc. owned 0.65% of Planet Fitness worth $54,049,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of PLNT. UMB Bank n.a. increased its holdings in shares of Planet Fitness by 67.4% during the fourth quarter. UMB Bank n.a. now owns 390 shares of the company’s stock worth $39,000 after purchasing an additional 157 shares during the period. R Squared Ltd bought a new position in Planet Fitness during the 4th quarter worth $39,000. Skandinaviska Enskilda Banken AB publ raised its holdings in Planet Fitness by 1,139.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company’s stock valued at $53,000 after acquiring an additional 490 shares in the last quarter. Beaumont Financial Advisors LLC bought a new stake in shares of Planet Fitness during the 4th quarter valued at $202,000. Finally, GAMMA Investing LLC lifted its position in shares of Planet Fitness by 10.1% during the 4th quarter. GAMMA Investing LLC now owns 2,090 shares of the company’s stock valued at $207,000 after acquiring an additional 192 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on PLNT shares. DA Davidson reaffirmed a “neutral” rating and issued a $87.00 price target on shares of Planet Fitness in a research note on Tuesday, January 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $120.00 price target on shares of Planet Fitness in a report on Monday, February 24th. Roth Mkm reiterated a “buy” rating and set a $115.00 price target (up previously from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Stifel Nicolaus lowered their price objective on shares of Planet Fitness from $90.00 to $82.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Finally, Macquarie reduced their target price on Planet Fitness from $99.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned 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 price target of $100.17.

Planet Fitness Stock Performance

PLNT stock opened at $100.68 on Thursday. The company has a market capitalization of $8.52 billion, a P/E ratio of 54.13, a PEG ratio of 2.45 and a beta of 1.54. The company has a fifty day moving average price of $100.76 and a 200-day moving average price of $94.49. Planet Fitness, Inc. has a 52-week low of $57.64 and a 52-week high of $110.00.

Planet Fitness (NYSE:PLNT) last announced its earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.08. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The business had revenue of $340.50 million during the quarter, compared to analyst estimates of $324.57 million. During the same period last year, the company earned $0.60 EPS. Planet Fitness’s revenue for the quarter was up 19.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Planet Fitness, Inc. will post 2.51 earnings per share 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.