Blair William & Co. IL Decreases Stock Position in Planet Fitness, Inc. (NYSE:PLNT)

Blair William & Co. IL decreased its stake in shares of Planet Fitness, Inc. (NYSE:PLNT) by 12.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,192 shares of the company’s stock after selling 22,058 shares during the quarter. Blair William & Co. IL owned approximately 0.18% of Planet Fitness worth $15,146,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PLNT. FMR LLC raised its holdings in Planet Fitness by 666.9% in the third quarter. FMR LLC now owns 795,485 shares of the company’s stock valued at $64,609,000 after acquiring an additional 691,761 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Planet Fitness in the 3rd quarter valued at $1,990,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Planet Fitness by 8.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,448 shares of the company’s stock worth $1,255,000 after purchasing an additional 1,210 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Planet Fitness during the third quarter worth $200,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Planet Fitness during the third quarter worth $478,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Planet Fitness Price Performance

Shares of NYSE PLNT opened at $96.18 on Friday. The stock has a fifty day moving average price of $100.46 and a 200 day moving average price of $94.63. Planet Fitness, Inc. has a 1-year low of $57.64 and a 1-year high of $110.00. The company has a market cap of $8.14 billion, a PE ratio of 51.71, a P/E/G ratio of 2.45 and a beta of 1.54.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on PLNT shares. 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. Macquarie lowered their price target on Planet Fitness from $99.00 to $95.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. DA Davidson reissued a “neutral” rating and set a $87.00 price objective on shares of Planet Fitness in a report on Tuesday, January 21st. Piper Sandler upped their target price on shares of Planet Fitness from $115.00 to $123.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Finally, Stifel Nicolaus cut their price target on shares of Planet Fitness from $90.00 to $82.00 and set a “hold” rating on the stock in a research note on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $100.17.

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.