Planet Fitness, Inc. (NYSE:PLNT) Shares Sold by Two Sigma Securities LLC

Two Sigma Securities LLC decreased its holdings in Planet Fitness, Inc. (NYSE:PLNT) by 36.1% during the 4th quarter, HoldingsChannel reports. The fund owned 2,557 shares of the company’s stock after selling 1,443 shares during the quarter. Two Sigma Securities LLC’s holdings in Planet Fitness were worth $253,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Tidal Investments LLC boosted its stake in shares of Planet Fitness by 132.5% during the 3rd quarter. Tidal Investments LLC now owns 28,957 shares of the company’s stock valued at $2,352,000 after buying an additional 16,503 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Planet Fitness by 10.1% in the 4th quarter. GAMMA Investing LLC now owns 2,090 shares of the company’s stock worth $207,000 after purchasing an additional 192 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of Planet Fitness in the 4th quarter worth approximately $240,000. Nordea Investment Management AB lifted its stake in Planet Fitness by 4.9% during the fourth quarter. Nordea Investment Management AB now owns 183,061 shares of the company’s stock worth $18,205,000 after purchasing an additional 8,600 shares during the last quarter. Finally, Fulton Bank N.A. boosted its holdings in Planet Fitness by 71.9% in the fourth quarter. Fulton Bank N.A. now owns 4,429 shares of the company’s stock worth $438,000 after purchasing an additional 1,853 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PLNT shares. Guggenheim raised their price target on shares of Planet Fitness from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, April 14th. Stifel Nicolaus cut their target price 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. BMO Capital Markets upped their target price on Planet Fitness from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, March 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $120.00 price target on shares of Planet Fitness in a report on Monday, February 24th. Finally, DA Davidson restated a “neutral” rating and set a $87.00 price objective on shares of Planet Fitness in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Planet Fitness presently has a consensus rating of “Moderate Buy” and an average price target of $101.72.

Planet Fitness Trading Down 0.6 %

Shares of NYSE PLNT opened at $95.60 on Wednesday. Planet Fitness, Inc. has a twelve month low of $58.51 and a twelve month high of $110.00. The firm has a 50-day moving average of $95.69 and a two-hundred day moving average of $96.80. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 51.40, a PEG ratio of 2.45 and a beta of 1.39.

Planet Fitness (NYSE:PLNT) last released its earnings results 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. The business had revenue of $340.50 million for the quarter, compared to the consensus estimate of $324.57 million. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. As a group, research analysts predict that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

About Planet Fitness

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.