Virtu Financial LLC cut its stake in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 88.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,259 shares of the company's stock after selling 24,274 shares during the quarter. Virtu Financial LLC's holdings in Planet Fitness were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in PLNT. Allworth Financial LP grew its holdings in shares of Planet Fitness by 247.6% during the 4th quarter. Allworth Financial LP now owns 358 shares of the company's stock valued at $26,000 after purchasing an additional 255 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Planet Fitness during the 4th quarter valued at approximately $47,000. Covestor Ltd grew its holdings in shares of Planet Fitness by 19.5% during the 3rd quarter. Covestor Ltd now owns 1,460 shares of the company's stock valued at $72,000 after purchasing an additional 238 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Planet Fitness by 17.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 999 shares of the company's stock valued at $73,000 after purchasing an additional 148 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of Planet Fitness by 24.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,006 shares of the company's stock valued at $73,000 after purchasing an additional 197 shares during the last quarter. 95.53% of the stock is owned by institutional investors.
Planet Fitness Stock Performance
Shares of NYSE PLNT traded down $0.29 during midday trading on Friday, reaching $72.73. The stock had a trading volume of 2,092,647 shares, compared to its average volume of 1,487,621. The firm has a market cap of $6.41 billion, a price-to-earnings ratio of 41.76, a price-to-earnings-growth ratio of 2.45 and a beta of 1.43. Planet Fitness, Inc. has a twelve month low of $44.13 and a twelve month high of $75.86. The company's 50 day moving average price is $64.45 and its 200 day moving average price is $66.36.
Planet Fitness (NYSE:PLNT - Get Free Report) last released its earnings results on Thursday, May 9th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.04. Planet Fitness had a net margin of 13.66% and a negative return on equity of 140.14%. The company had revenue of $248.00 million for the quarter, compared to the consensus estimate of $249.48 million. During the same quarter in the previous year, the company earned $0.41 EPS. Planet Fitness's quarterly revenue was up 11.6% compared to the same quarter last year. Equities analysts forecast that Planet Fitness, Inc. will post 2.43 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
PLNT has been the topic of several research reports. DA Davidson reaffirmed a "neutral" rating and set a $62.00 price target on shares of Planet Fitness in a report on Friday, June 14th. Jefferies Financial Group upgraded shares of Planet Fitness from a "hold" rating to a "buy" rating and lifted their target price for the stock from $62.00 to $100.00 in a research report on Monday, June 10th. JPMorgan Chase & Co. upgraded shares of Planet Fitness from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $68.00 to $78.00 in a research report on Tuesday, May 14th. Stifel Nicolaus downgraded shares of Planet Fitness from a "buy" rating to a "hold" rating and cut their target price for the stock from $80.00 to $70.00 in a research report on Friday, May 10th. Finally, Robert W. Baird lifted their target price on shares of Planet Fitness from $80.00 to $88.00 and gave the stock an "outperform" rating in a research report on Friday, May 10th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $75.00.
Get Our Latest Research Report on PLNT
Planet Fitness Company Profile
(Free Report)
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.
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