Securian Asset Management Inc. Sells 213 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Securian Asset Management Inc. decreased its stake in Planet Fitness, Inc. (NYSE:PLNT) by 3.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,363 shares of the company’s stock after selling 213 shares during the quarter. Securian Asset Management Inc.’s holdings in Planet Fitness were worth $629,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. increased its holdings in shares of Planet Fitness by 67.4% in the 4th quarter. UMB Bank n.a. now owns 390 shares of the company’s stock worth $39,000 after buying an additional 157 shares during the last quarter. R Squared Ltd bought a new position in shares of Planet Fitness during the 4th quarter valued at $39,000. Beaumont Financial Advisors LLC bought a new position in shares of Planet Fitness during the 4th quarter valued at $202,000. GAMMA Investing LLC grew its holdings 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 purchasing an additional 192 shares during the last quarter. Finally, Personal CFO Solutions LLC bought a new position in shares of Planet Fitness during the 4th quarter valued at $210,000. Institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PLNT. Roth Mkm reaffirmed a “buy” rating and set a $115.00 target price (up previously from $110.00) on shares of Planet Fitness in a report on Wednesday, February 26th. 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 report on Friday, February 28th. Piper Sandler raised their price target on shares of Planet Fitness from $115.00 to $123.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. DA Davidson reaffirmed a “neutral” rating and issued a $87.00 target price on shares of Planet Fitness in a research report on Tuesday, January 21st. Finally, Macquarie dropped their target price on shares of Planet Fitness from $99.00 to $95.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $100.17.

Planet Fitness Stock Performance

NYSE:PLNT opened at $95.56 on Monday. The firm has a market cap of $8.09 billion, a P/E ratio of 51.38, a P/E/G ratio of 2.45 and a beta of 1.54. Planet Fitness, Inc. has a fifty-two week low of $54.35 and a fifty-two week high of $110.00. The firm has a 50-day simple moving average of $101.07 and a two-hundred day simple moving average of $93.50.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.08. The business had revenue of $340.50 million during the quarter, compared to analyst estimates of $324.57 million. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. Planet Fitness’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. On average, equities research analysts predict that Planet Fitness, Inc. will post 2.51 EPS for the current 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.