Planet Fitness, Inc. (NYSE:PLNT) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its stake in shares of Planet Fitness, Inc. (NYSE:PLNT) by 69.4% in the 4th quarter, HoldingsChannel reports. The firm owned 44,930 shares of the company’s stock after selling 101,760 shares during the period. New York State Common Retirement Fund’s holdings in Planet Fitness were worth $4,442,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. grew its stake in Planet Fitness by 67.4% during the 4th quarter. UMB Bank n.a. now owns 390 shares of the company’s stock worth $39,000 after purchasing an additional 157 shares in the last quarter. R Squared Ltd acquired a new position in Planet Fitness during the 4th quarter worth $39,000. Beaumont Financial Advisors LLC acquired a new position in Planet Fitness during the 4th quarter worth $202,000. GAMMA Investing LLC boosted its position in shares of Planet Fitness by 10.1% during the 4th quarter. GAMMA Investing LLC now owns 2,090 shares of the company’s stock worth $207,000 after acquiring an additional 192 shares in the last quarter. Finally, Greenleaf Trust acquired a new position in shares of Planet Fitness during the 4th quarter worth about $210,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Planet Fitness Stock Up 1.2 %

PLNT opened at $92.50 on Friday. The business has a 50 day moving average price of $102.28 and a two-hundred day moving average price of $92.23. The company has a market cap of $7.82 billion, a PE ratio of 49.73, a P/E/G ratio of 2.45 and a beta of 1.53. Planet Fitness, Inc. has a 52 week low of $54.35 and a 52 week high of $110.00.

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

Analysts Set New Price Targets

PLNT has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price objective on Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Roth Mkm reaffirmed a “buy” rating and set a $115.00 price objective (up from $110.00) on shares of Planet Fitness in a research report on Wednesday. Stifel Nicolaus lowered their price objective on Planet Fitness from $90.00 to $82.00 and set a “hold” rating for the company in a research report on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Planet Fitness in a research report on Monday, February 24th. Finally, Raymond James upped their price objective on Planet Fitness from $92.00 to $110.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Planet Fitness currently has an average rating of “Moderate Buy” and a consensus price target of $99.00.

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.