Candriam Luxembourg S.C.A. lifted its holdings in Planet Fitness Inc (NYSE:PLNT) by 19.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,191 shares of the company’s stock after purchasing an additional 8,491 shares during the quarter. Candriam Luxembourg S.C.A. owned 0.06% of Planet Fitness worth $3,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in PLNT. Pelham Capital Ltd. purchased a new stake in shares of Planet Fitness during the 1st quarter valued at about $44,047,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Planet Fitness by 3.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,939 shares of the company’s stock valued at $546,000 after buying an additional 290 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Planet Fitness by 50.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 18,000 shares of the company’s stock worth $915,000 after purchasing an additional 6,000 shares in the last quarter. RFG Advisory LLC bought a new position in Planet Fitness in the 1st quarter worth $232,000. Finally, Waratah Capital Advisors Ltd. raised its holdings in Planet Fitness by 11.5% in the 1st quarter. Waratah Capital Advisors Ltd. now owns 692,628 shares of the company’s stock worth $47,597,000 after purchasing an additional 71,491 shares during the period. 90.40% of the stock is currently owned by hedge funds and other institutional investors.
Planet Fitness stock opened at $64.34 on Wednesday. The company’s 50-day moving average price is $71.66 and its 200-day moving average price is $72.46. Planet Fitness Inc has a twelve month low of $44.97 and a twelve month high of $81.90. The company has a market cap of $6.06 billion, a PE ratio of 52.74, a price-to-earnings-growth ratio of 1.92 and a beta of 0.65.
Planet Fitness (NYSE:PLNT) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. Planet Fitness had a negative return on equity of 46.45% and a net margin of 16.29%. The company had revenue of $181.66 million during the quarter, compared to the consensus estimate of $167.91 million. During the same period last year, the company earned $0.34 earnings per share. Planet Fitness’s revenue was up 29.2% on a year-over-year basis. As a group, sell-side analysts forecast that Planet Fitness Inc will post 1.57 earnings per share for the current year.
A number of analysts have commented on the company. Roth Capital upped their price target on Planet Fitness from $80.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. ValuEngine cut shares of Planet Fitness from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Imperial Capital reaffirmed an “in-line” rating and issued a $72.50 target price (up previously from $55.00) on shares of Planet Fitness in a report on Friday, August 9th. Raymond James began coverage on Planet Fitness in a research note on Wednesday, June 26th. They issued an “outperform” rating and a $80.00 price target for the company. Finally, Berenberg Bank downgraded Planet Fitness from a “buy” rating to a “hold” rating and lowered their price objective for the company from $80.00 to $69.00 in a research report on Tuesday, September 3rd. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $75.61.
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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