Planet Fitness, Inc. (NYSE:PLNT) Stock Holdings Decreased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lessened its stake in Planet Fitness, Inc. (NYSE:PLNT) by 9.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,512 shares of the company’s stock after selling 459 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Planet Fitness were worth $446,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of PLNT. Natixis Advisors LLC acquired a new stake in Planet Fitness during the third quarter valued at approximately $855,000. Larson Financial Group LLC increased its holdings in shares of Planet Fitness by 151,050.0% in the 3rd quarter. Larson Financial Group LLC now owns 3,023 shares of the company’s stock valued at $246,000 after acquiring an additional 3,021 shares during the last quarter. Qsemble Capital Management LP raised its position in shares of Planet Fitness by 100.6% during the 3rd quarter. Qsemble Capital Management LP now owns 20,972 shares of the company’s stock valued at $1,703,000 after acquiring an additional 10,518 shares in the last quarter. FMR LLC lifted its stake in Planet Fitness by 666.9% during the third quarter. FMR LLC now owns 795,485 shares of the company’s stock worth $64,609,000 after purchasing an additional 691,761 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Planet Fitness in the third quarter worth $1,990,000. Institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

PLNT has been the topic of a number of research reports. Macquarie dropped their target price on shares of Planet Fitness from $99.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. JPMorgan Chase & Co. increased their price objective on shares of Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Canaccord Genuity Group began coverage on Planet Fitness in a research note on Thursday, March 13th. They issued a “buy” rating and a $120.00 target price for the company. Roth Mkm reiterated a “buy” rating and set a $115.00 price target (up from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Finally, DA Davidson reissued a “neutral” rating and issued a $87.00 price target on shares of Planet Fitness in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $100.17.

Planet Fitness Price Performance

NYSE PLNT opened at $99.83 on Wednesday. The firm has a market capitalization of $8.45 billion, a PE ratio of 53.67, a P/E/G ratio of 2.45 and a beta of 1.54. Planet Fitness, Inc. has a 12 month low of $57.64 and a 12 month high of $110.00. The company’s 50 day simple moving average is $100.89 and its 200 day simple moving average is $94.45.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.08. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The company had revenue of $340.50 million for the quarter, compared to the consensus estimate of $324.57 million. During the same quarter in the previous year, the business earned $0.60 EPS. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. Sell-side analysts anticipate that Planet Fitness, Inc. will post 2.51 earnings per share for the current fiscal 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.