Mitsubishi UFJ Asset Management Co. Ltd. Has $2.40 Million Holdings in Planet Fitness, Inc. (NYSE:PLNT)

Mitsubishi UFJ Asset Management Co. Ltd. decreased its position in Planet Fitness, Inc. (NYSE:PLNT) by 39.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 23,903 shares of the company’s stock after selling 15,561 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Planet Fitness were worth $2,396,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Corient Private Wealth LLC lifted its stake in shares of Planet Fitness by 2.1% in the 4th quarter. Corient Private Wealth LLC now owns 4,623 shares of the company’s stock valued at $457,000 after purchasing an additional 94 shares during the period. M&T Bank Corp increased its holdings in Planet Fitness by 2.6% in the third quarter. M&T Bank Corp now owns 4,947 shares of the company’s stock worth $402,000 after purchasing an additional 124 shares in the last quarter. Cetera Trust Company N.A increased its holdings in Planet Fitness by 5.2% in the fourth quarter. Cetera Trust Company N.A now owns 2,710 shares of the company’s stock worth $268,000 after purchasing an additional 135 shares in the last quarter. UMB Bank n.a. lifted its stake in Planet Fitness by 67.4% in the fourth quarter. UMB Bank n.a. now owns 390 shares of the company’s stock valued at $39,000 after buying an additional 157 shares during the period. Finally, Truist Financial Corp boosted its holdings in shares of Planet Fitness by 1.3% during the 4th quarter. Truist Financial Corp now owns 12,632 shares of the company’s stock worth $1,249,000 after buying an additional 161 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Planet Fitness Stock Down 0.8 %

Planet Fitness stock opened at $95.80 on Wednesday. The stock has a market cap of $8.11 billion, a P/E ratio of 51.50, a P/E/G ratio of 2.45 and a beta of 1.54. The company’s 50 day moving average price is $100.06 and its two-hundred day moving average price is $95.02. Planet Fitness, Inc. has a 52 week low of $57.64 and a 52 week high of $110.00.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.70 earnings per share 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 for the quarter, compared to analysts’ expectations of $324.57 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business’s revenue was up 19.4% on a year-over-year basis. On average, equities analysts anticipate that Planet Fitness, Inc. will post 2.51 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PLNT shares. BMO Capital Markets boosted their target price on shares of Planet Fitness from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday. JPMorgan Chase & Co. upped their price objective on shares of Planet Fitness from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, January 17th. DA Davidson restated a “neutral” rating and issued a $87.00 target price on shares of Planet Fitness in a research note on Tuesday, January 21st. Roth Mkm reaffirmed a “buy” rating and set a $115.00 price target (up from $110.00) on shares of Planet Fitness in a research note on Wednesday, February 26th. Finally, Canaccord Genuity Group started coverage on Planet Fitness in a research note on Thursday, March 13th. They issued a “buy” rating and a $120.00 price objective for the company. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $101.44.

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.