167,370 Shares in Planet Fitness, Inc. (NYSE:PLNT) Purchased by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Planet Fitness, Inc. (NYSE:PLNT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 167,370 shares of the company’s stock, valued at approximately $13,592,000.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Planet Fitness by 478.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $28,000 after acquiring an additional 316 shares during the last quarter. LRI Investments LLC increased its stake in Planet Fitness by 61.2% in the second quarter. LRI Investments LLC now owns 403 shares of the company’s stock worth $30,000 after purchasing an additional 153 shares during the period. Quarry LP lifted its position in shares of Planet Fitness by 174.7% during the second quarter. Quarry LP now owns 500 shares of the company’s stock worth $37,000 after purchasing an additional 318 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in shares of Planet Fitness by 69.8% during the third quarter. V Square Quantitative Management LLC now owns 489 shares of the company’s stock valued at $40,000 after purchasing an additional 201 shares during the period. Finally, Dnca Finance bought a new position in shares of Planet Fitness in the second quarter worth about $82,000. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PLNT. Roth Mkm boosted their price objective on shares of Planet Fitness from $73.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. BNP Paribas upgraded Planet Fitness from a “neutral” rating to an “outperform” rating and set a $97.00 price target for the company in a report on Thursday, September 5th. Stifel Nicolaus raised their price objective on Planet Fitness from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Bank of America lifted their target price on Planet Fitness from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, Royal Bank of Canada increased their price target on Planet Fitness from $87.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.81.

Planet Fitness Price Performance

Shares of NYSE:PLNT opened at $95.30 on Friday. The business’s 50-day moving average is $81.75 and its 200 day moving average is $74.78. Planet Fitness, Inc. has a 1 year low of $54.35 and a 1 year high of $98.59. The firm has a market capitalization of $8.12 billion, a P/E ratio of 52.36, a P/E/G ratio of 2.84 and a beta of 1.49.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.07. The firm had revenue of $292.20 million for the quarter, compared to the consensus estimate of $283.79 million. Planet Fitness had a net margin of 14.16% and a negative return on equity of 121.99%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 earnings per share. On average, analysts expect that Planet Fitness, Inc. will post 2.43 EPS 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.