Crossmark Global Holdings Inc. Has $508,000 Stock Position in Planet Fitness, Inc. (NYSE:PLNT)

Crossmark Global Holdings Inc. increased its holdings in Planet Fitness, Inc. (NYSE:PLNT) by 8.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,256 shares of the company’s stock after acquiring an additional 508 shares during the period. Crossmark Global Holdings Inc.’s holdings in Planet Fitness were worth $508,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Planet Fitness by 1.2% during the first quarter. Vanguard Group Inc. now owns 8,174,617 shares of the company’s stock worth $511,976,000 after purchasing an additional 97,823 shares during the period. Dorsal Capital Management LP grew its holdings in shares of Planet Fitness by 7.7% during the 2nd quarter. Dorsal Capital Management LP now owns 2,907,193 shares of the company’s stock valued at $213,940,000 after acquiring an additional 207,193 shares in the last quarter. William Blair Investment Management LLC acquired a new position in shares of Planet Fitness in the second quarter worth $166,978,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Planet Fitness by 35.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,859,366 shares of the company’s stock worth $116,453,000 after acquiring an additional 483,586 shares in the last quarter. Finally, Anomaly Capital Management LP acquired a new stake in Planet Fitness during the second quarter valued at $106,795,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Bank of America raised their price target on Planet Fitness from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Raymond James boosted their target price on shares of Planet Fitness from $92.00 to $110.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 8th. Macquarie restated a “neutral” rating and set a $99.00 price target (up previously from $91.00) on shares of Planet Fitness in a report on Friday, November 8th. Morgan Stanley upped their price objective on shares of Planet Fitness from $84.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Finally, BMO Capital Markets restated an “outperform” rating and set a $87.00 target price (up from $80.00) on shares of Planet Fitness in a report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.81.

Planet Fitness Stock Down 1.0 %

PLNT stock opened at $95.27 on Friday. Planet Fitness, Inc. has a twelve month low of $54.35 and a twelve month high of $98.59. The company has a market cap of $8.11 billion, a PE ratio of 51.22, a price-to-earnings-growth ratio of 3.22 and a beta of 1.49. The business’s 50-day simple moving average is $83.25 and its 200 day simple moving average is $76.12.

Planet Fitness (NYSE:PLNT) last issued its earnings results on Thursday, November 7th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The business had revenue of $292.20 million during the quarter, compared to analyst estimates of $283.79 million. During the same period in the prior year, the company posted $0.59 earnings per share. Planet Fitness’s revenue was up 5.3% on a year-over-year basis. On average, equities research analysts anticipate that Planet Fitness, Inc. will post 2.5 EPS for the current year.

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.