WINTON GROUP Ltd Takes Position in Planet Fitness, Inc. $PLNT

WINTON GROUP Ltd bought a new stake in shares of Planet Fitness, Inc. (NYSE:PLNT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,300 shares of the company’s stock, valued at approximately $590,000.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Planet Fitness in the 4th quarter valued at about $108,796,000. Assenagon Asset Management S.A. acquired a new position in shares of Planet Fitness in the 2nd quarter worth approximately $44,399,000. Montanova Capital LLC bought a new stake in shares of Planet Fitness in the 2nd quarter worth approximately $11,473,000. Van Berkom & Associates Inc. raised its holdings in shares of Planet Fitness by 21.1% in the 1st quarter. Van Berkom & Associates Inc. now owns 990,819 shares of the company’s stock worth $73,697,000 after purchasing an additional 172,586 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in Planet Fitness by 1.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,236,173 shares of the company’s stock valued at $1,001,848,000 after purchasing an additional 149,503 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PLNT has been the subject of a number of research reports. Zacks Research upgraded shares of Planet Fitness from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Canaccord Genuity Group upped their price target on Planet Fitness from $80.00 to $82.00 and gave the company a “buy” rating in a report on Monday, July 20th. Morgan Stanley increased their price objective on Planet Fitness from $47.00 to $51.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 18th. Roth Capital reduced their price objective on Planet Fitness from $109.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of Planet Fitness in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.24.

Insider Transactions at Planet Fitness

In other Planet Fitness news, Director Stephen Spinelli, Jr. bought 10,000 shares of Planet Fitness stock in a transaction dated Monday, August 10th. The stock was bought at an average price of $49.28 per share, for a total transaction of $492,800.00. Following the completion of the acquisition, the director directly owned 45,516 shares of the company’s stock, valued at approximately $2,243,028.48. This trade represents a 28.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by company insiders.

Planet Fitness Price Performance

Planet Fitness stock opened at $50.81 on Wednesday. Planet Fitness, Inc. has a fifty-two week low of $37.03 and a fifty-two week high of $114.26. The firm’s 50 day simple moving average is $52.36 and its 200-day simple moving average is $59.28. The company has a market cap of $3.84 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.85 by $0.03. Planet Fitness had a net margin of 16.88% and a negative return on equity of 59.46%. The business had revenue of $365.22 million during the quarter, compared to the consensus estimate of $356.21 million. During the same quarter in the prior year, the firm earned $0.86 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Planet Fitness has set its FY 2026 guidance at 3.254-3.254 EPS. On average, analysts expect that Planet Fitness, Inc. will post 3.21 EPS for the current fiscal year.

About Planet Fitness

Planet Fitness, Inc (NYSE: PLNT) is a franchised fitness-center company that operates under the Planet Fitness brand. Its clubs provide access to cardiovascular and strength-training equipment, free weights, locker rooms, and other basic fitness amenities in a low-cost, welcoming environment designed to appeal to a broad range of consumers.

The company is known for its “Judgement Free Zone” concept, which emphasizes an approachable atmosphere for first-time, casual, and experienced gym users.