Virtu KCG Holdings LLC bought a new position in shares of Planet Fitness, Inc. (NYSE:PLNT) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 23,825 shares of the company’s stock, valued at approximately $556,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. D.A. Davidson & CO. acquired a new stake in Planet Fitness during the 2nd quarter worth $145,000. Oppenheimer Asset Management Inc. acquired a new stake in Planet Fitness during the 1st quarter worth $136,000. Fortaleza Asset Management Inc. boosted its stake in Planet Fitness by 57.9% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 7,830 shares of the company’s stock worth $183,000 after purchasing an additional 2,870 shares during the last quarter. FNY Partners Fund LP acquired a new stake in Planet Fitness during the 1st quarter worth $154,000. Finally, Trellus Management Company LLC acquired a new stake in Planet Fitness during the 2nd quarter worth $233,000.
Planet Fitness, Inc. (PLNT) opened at 26.19 on Tuesday. Planet Fitness, Inc. has a 12 month low of $19.17 and a 12 month high of $27.22. The firm has a market cap of $2.24 billion, a PE ratio of 45.16 and a beta of 0.86. The stock’s 50 day moving average is $26.36 and its 200 day moving average is $26.36.
Planet Fitness (NYSE:PLNT) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $107.31 million for the quarter, compared to analyst estimates of $101.99 million. Planet Fitness had a negative return on equity of 57.01% and a net margin of 8.77%. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 earnings per share. On average, equities analysts forecast that Planet Fitness, Inc. will post $0.47 earnings per share for the current year.
In related news, CEO Christopher Rondeau sold 20,000 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $26.75, for a total transaction of $535,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 19.87% of the stock is owned by company insiders.
Several equities research analysts have issued reports on the stock. BidaskClub cut shares of Planet Fitness from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Robert W. Baird reaffirmed an “outperform” rating and set a $31.00 target price (up previously from $28.00) on shares of Planet Fitness in a research note on Wednesday, October 4th. Jefferies Group LLC reaffirmed a “buy” rating and set a $29.00 target price on shares of Planet Fitness in a research note on Thursday, September 14th. Roth Capital lifted their target price on shares of Planet Fitness from $23.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, August 21st. Finally, Imperial Capital lifted their target price on shares of Planet Fitness from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 15th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $27.67.
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Planet Fitness Profile
Planet Fitness, Inc is a franchisor and operator of fitness centers in the United States. The Company operates through three segments: Franchise; Corporate-owned stores, and Equipment. The Franchise segment includes operations related to the Company’s franchising business in the United States, Puerto Rico, the Dominican Republic and Canada.
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