Ninety One SA PTY Ltd Acquires Shares of 25,684 Planet Fitness, Inc. (NYSE:PLNT)

Ninety One SA PTY Ltd bought a new position in Planet Fitness, Inc. (NYSE:PLNT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,684 shares of the company’s stock, valued at approximately $2,539,000.

A number of other institutional investors have also recently modified their holdings of the stock. Tidal Investments LLC lifted its position in Planet Fitness by 132.5% in the 3rd quarter. Tidal Investments LLC now owns 28,957 shares of the company’s stock valued at $2,352,000 after acquiring an additional 16,503 shares in the last quarter. State Street Corp lifted its holdings in shares of Planet Fitness by 1.5% during the third quarter. State Street Corp now owns 2,524,764 shares of the company’s stock valued at $205,061,000 after purchasing an additional 37,236 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Planet Fitness during the third quarter valued at $604,000. Artemis Investment Management LLP bought a new stake in Planet Fitness in the 4th quarter worth about $18,767,000. Finally, Quest Partners LLC raised its position in Planet Fitness by 126.0% in the 3rd quarter. Quest Partners LLC now owns 9,504 shares of the company’s stock worth $772,000 after buying an additional 5,298 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Planet Fitness news, insider Jennifer Simmons sold 11,453 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $96.20, for a total value of $1,101,778.60. Following the completion of the transaction, the insider now directly owns 19,110 shares in the company, valued at $1,838,382. This represents a 37.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.83% of the stock is currently owned by insiders.

Planet Fitness Trading Down 0.4 %

Shares of NYSE:PLNT opened at $107.24 on Wednesday. The stock has a 50 day moving average of $102.09 and a 200 day moving average of $89.43. The company has a market cap of $9.07 billion, a PE ratio of 57.66, a price-to-earnings-growth ratio of 2.67 and a beta of 1.53. Planet Fitness, Inc. has a 12-month low of $54.35 and a 12-month high of $110.00.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. The business had revenue of $292.20 million during the quarter, compared to analyst estimates of $283.79 million. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The company’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 earnings per share. Equities research analysts predict that Planet Fitness, Inc. will post 2.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on PLNT shares. DA Davidson reaffirmed a “neutral” rating and set a $87.00 price target on shares of Planet Fitness in a report on Tuesday, January 21st. Morgan Stanley lifted their target price on shares of Planet Fitness from $84.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Stifel Nicolaus boosted their target price on shares of Planet Fitness from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Robert W. Baird raised their price target on Planet Fitness from $92.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Raymond James upped their price objective on Planet Fitness from $92.00 to $110.00 and gave the company a “strong-buy” rating in a research report on Friday, November 8th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Planet Fitness presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.69.

Planet Fitness 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.