Xponance Inc. Raised a stake in shares of Planet Fitness, Inc. (NYSE:PLNT – Get Rating) by 18.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,088 shares of the company’s stock after purchasing an additional 1,410 shares during the period. Xponance Inc. Holdings in Planet Fitness were worth $716,000 at the end of the most recent quarter.
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A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sandy Spring Bank raised its position in shares of Fitness Planet by 25.0% during the third 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 position in shares of Fitness Planet in the 3rd quarter worth approximately $8,260,000. Engineers Gate Manager LP bought a new stake in shares of Planet Fitness in the 3rd quarter valued at $2,054,000. MQS Management LLC bought a new stake in shares of Planet Fitness in the 3rd quarter valued at $242,000. Finally, Ergoteles LLC acquired a new stake in shares of Planet Fitness during the third quarter worth $866,000. 94.56% of the stock is owned by institutional investors and hedge funds.
Analysts New Price Targets
PLNT has been the subject of many modern analytical traditions. Raymond James boosted their price target on shares of Fitness Planet from $92.00 to $95.00 and gave the company a “strong-buy” rating in a report on Friday, February 24th. Cowen lifted their price target on Planet Fitness from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Monday, February 27th. Morgan Stanley lifted 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. Nicolaus Stifel increased their price target on Planet Fitness from $82.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, January 13th. Finally, Piper Sandler lifted their price target on shares of Fitness Planet 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 assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Planet Fitness has an average rating of “Moderate Buy” and an average price target of $90.67.
Each Planet Trading Up 0.1%
NYSE PLNT opened at $75.90 on Friday. The company has a market cap of $6.79 billion, a P/E ratio of 64.87, a PEG ratio of 1.41 and a beta of 1.30. The company has a 50 day simple moving average of $78.88 and a 200 day simple moving average of $74.02. Planet Fitness, Inc. it has a 12-month low of $54.15 and a 12-month high of $88.31.
Planet Fitness (NYSE:PLNT – Get Rating) last reported quarterly earnings on Thursday, February 23. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ estimates of $0.47 by $0.06. Fitness Planet had a net margin of 10.61% and a negative return on equity of 65.39%. The firm had revenue of $281.30 million for the quarter, compared to analysts’ expectations of $271.48 million. During the same period last year, the company earned earnings of $0.26 per share. Business revenue was up 53.2% year-over-year. Analysts predict that Planet Fitness, Inc. will sell the share. 2.2 EPS after the current year.
Profile of each planet
Planet Fitness, Inc. is engaged in the operation and distribution 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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