Amalgamated Bank Has $3.34 Million Stake in Planet Fitness, Inc. (NYSE:PLNT)

Amalgamated Bank decreased its position in shares of Planet Fitness, Inc. (NYSE:PLNT) by 8.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,168 shares of the company’s stock after selling 3,637 shares during the quarter. Amalgamated Bank’s holdings in Planet Fitness were worth $3,344,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of Planet Fitness by 478.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock valued at $28,000 after acquiring an additional 316 shares during the period. LRI Investments LLC lifted its position in Planet Fitness by 61.2% during the 2nd quarter. LRI Investments LLC now owns 403 shares of the company’s stock valued at $30,000 after purchasing an additional 153 shares during the period. Quarry LP boosted its stake in shares of Planet Fitness by 174.7% in the 2nd quarter. Quarry LP now owns 500 shares of the company’s stock valued at $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% in the 3rd 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 last quarter. Finally, Dnca Finance acquired a new stake in shares of Planet Fitness during the 2nd quarter worth approximately $82,000. 95.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on PLNT. Deutsche Bank Aktiengesellschaft began coverage on shares of Planet Fitness in a research note on Friday, September 27th. They issued a “hold” rating and a $71.00 price objective on the stock. BMO Capital Markets restated an “outperform” rating and issued a $87.00 price target (up from $80.00) on shares of Planet Fitness 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 objective for the company in a report on Thursday, September 5th. Bank of America raised their target price on Planet Fitness from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $99.00 price target (up from $91.00) on shares of Planet Fitness in a research note on Friday. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Planet Fitness presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.81.

Planet Fitness Stock Up 1.2 %

Shares of PLNT stock opened at $95.31 on Friday. The company has a market capitalization of $8.12 billion, a price-to-earnings ratio of 52.37, a P/E/G ratio of 2.84 and a beta of 1.49. Planet Fitness, Inc. has a 12-month low of $54.35 and a 12-month high of $98.59. The firm has a fifty day moving average of $81.75 and a 200-day moving average of $74.88.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings results 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 negative return on equity of 121.99% and a net margin of 14.16%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. On average, equities 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.