Mutual of America Capital Management LLC Sells 1,245 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Mutual of America Capital Management LLC reduced its stake in Planet Fitness, Inc. (NYSE:PLNT) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,468 shares of the company’s stock after selling 1,245 shares during the period. Mutual of America Capital Management LLC’s holdings in Planet Fitness were worth $4,397,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. State of Alaska Department of Revenue boosted its holdings in Planet Fitness by 3.3% during the third quarter. State of Alaska Department of Revenue now owns 9,825 shares of the company’s stock worth $797,000 after buying an additional 310 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Planet Fitness in the 3rd quarter valued at approximately $13,592,000. Verdence Capital Advisors LLC raised its position in shares of Planet Fitness by 4.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,047 shares of the company’s stock valued at $247,000 after acquiring an additional 132 shares during the period. Crossmark Global Holdings Inc. boosted its stake in Planet Fitness by 8.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 6,256 shares of the company’s stock worth $508,000 after acquiring an additional 508 shares during the last quarter. Finally, Lisanti Capital Growth LLC acquired a new position in Planet Fitness during the third quarter valued at approximately $5,206,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PLNT has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Guggenheim reaffirmed a “buy” rating and set a $105.00 price objective on shares of Planet Fitness in a research note on Thursday, February 27th. Macquarie decreased their target price on Planet Fitness from $99.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. DA Davidson reaffirmed a “neutral” rating and set a $87.00 price target on shares of Planet Fitness in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus cut their price objective on Planet Fitness from $90.00 to $82.00 and set a “hold” rating on the stock in a report on Friday, February 28th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $99.00.

Planet Fitness Price Performance

Planet Fitness stock opened at $95.40 on Wednesday. The company has a market cap of $8.07 billion, a price-to-earnings ratio of 51.29, a P/E/G ratio of 2.45 and a beta of 1.53. The firm has a 50-day moving average of $102.00 and a 200-day moving average of $92.59. Planet Fitness, Inc. has a one year low of $54.35 and a one year high of $110.00.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.62 by $0.08. The firm had revenue of $340.50 million during the quarter, compared to analysts’ expectations of $324.57 million. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. As a group, sell-side analysts expect that Planet Fitness, Inc. will post 2.51 earnings per share 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.