Strs Ohio acquired a new position in shares of Planet Fitness, Inc. (NYSE:PLNT – Get Rating) in the fourth quarter, according to the company’s most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 320,000 shares of the company’s stock, valued at approximately $25,216,000. Strs Ohio owned 0.36% of Planet Fitness as of its most recent SEC filing.
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A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sandy Spring Bank lifted its position in Planet Fitness by 25.0% during the 3rd quarter. Sandy Spring Bank now owns 2,500 shares of the company’s stock worth $144,000 after acquiring an additional 500 shares in the last quarter. Tudor Investment Corp Et Al acquired a new stake in Planet Fitness during the 3rd quarter worth $8,260,000. Machinery Gate Manager LP acquired a new stake in Planet Fitness during the 3rd quarter worth $2,054,000. MQS Management LLC acquired a new stake in Planet Fitness during the 3rd quarter valued at approximately $242,000. Finally, Ergoteles LLC purchased a new position in Planet Fitness during the 3rd quarter valued at $866,000. Institutional investors and hedge funds own 94.56% of the company’s stock.
Analyst Rating Changes
PLNT has been the subject of several recent research reports. Robert W. Baird lifted their price target on Planet Fitness from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, February 24th. Nicolaus Stifel lifted their price target on shares of Planet Fitness from $82.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, January 13th. DA Davidson reaffirmed a “neutral” rating and reaffirmed a $87.00 price target on shares of Planet Fitness in a research note on Friday, February 24th. Morgan Stanley increased their price target on Planet Fitness from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, February 27th. Finally, Piper Sandler lifted their price target on Planet Fitness from $79.00 to $93.00 and gave the stock an “overweight” rating in a research report on Thursday, December 22nd. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong rating to the stock. According to data from MarketBeat.com, Planet Fitness currently has an average rating of “Moderate Buy” and an average price target of $90.67.
Planeta Quisque Euismod
NYSE PLNT common stock opened at $75.90 on Friday. It has a market capitalization of $6.79 billion, a P/E ratio of 64.87, a P/E/G ratio of 1.42 and a beta of 1.30. The firm has a 50 day moving average price of $79.01 and a 200 day moving average price of $73.87. Planet Fitness, Inc. it has a 52-week low of $54.15 and a 52-week high of $88.31.
Planet Fitness (NYSE:PLNT – Get Rating) last announced its earnings on Thursday, February 23rd. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. The firm had revenue of $281.30 million for the quarter, compared to the consensus estimate of $271.48 million. Fitness Planet had a net margin of 10.61% and a negative return on equity of 65.39%. Business quarterly revenue was up 53.2% year over year. During the same period last year, the company posted $0.26 EPS. Analysts predict that Planet Fitness, Inc. 2.2 earnings per share for the current fiscal year.
On Planet Fitness
Planet Fitness, Inc., is engaged in the operation and franchising of fitness centers. It operates through the following segments: Delivery, Corporate-Owned Stores, and Equipment. The franchise segment involves the company’s franchise operations in the United States, Puerto Rico, Canada, the Dominican Republic, Panama, Mexico, and Australia.
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