Planet Fitness, Inc. (NYSE:PLNT) Shares Sold by Greenvale Capital LLP

Greenvale Capital LLP reduced its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT) by 36.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,200,000 shares of the company’s stock after selling 700,000 shares during the period. Planet Fitness makes up 8.8% of Greenvale Capital LLP’s investment portfolio, making the stock its 4th largest holding. Greenvale Capital LLP’s holdings in Planet Fitness were worth $118,644,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. R Squared Ltd acquired a new stake in shares of Planet Fitness during the fourth quarter worth about $39,000. UMB Bank n.a. lifted its position 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 acquiring an additional 157 shares during the period. CoreCap Advisors LLC grew its stake in shares of Planet Fitness by 1,250.0% in the 4th quarter. CoreCap Advisors LLC now owns 486 shares of the company’s stock valued at $48,000 after purchasing an additional 450 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Planet Fitness by 1,139.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company’s stock valued at $53,000 after purchasing an additional 490 shares during the last quarter. Finally, Beaumont Financial Advisors LLC acquired a new position in shares of Planet Fitness in the fourth quarter valued at approximately $202,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Planet Fitness Stock Down 3.6 %

NYSE:PLNT opened at $93.54 on Friday. Planet Fitness, Inc. has a 52-week low of $60.56 and a 52-week high of $110.00. The stock has a fifty day simple moving average of $96.30 and a 200-day simple moving average of $97.62. The company has a market capitalization of $7.92 billion, a PE ratio of 50.29, a price-to-earnings-growth ratio of 2.45 and a beta of 1.33.

Planet Fitness (NYSE:PLNT) last announced its earnings results on Thursday, May 8th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.03). The business had revenue of $276.66 million for the quarter, compared to analyst estimates of $279.80 million. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The business’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 EPS. As a group, equities analysts anticipate that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PLNT shares. Stifel Nicolaus decreased their price target on Planet Fitness from $90.00 to $82.00 and set a “hold” rating for the company in a report on Friday, February 28th. Macquarie reduced their target price on shares of Planet Fitness from $99.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. Roth Mkm reiterated a “buy” rating and set a $115.00 price target (up from $110.00) on shares of Planet Fitness in a research note on Wednesday, February 26th. BMO Capital Markets raised their price objective on shares of Planet Fitness from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, March 31st. Finally, JPMorgan Chase & Co. boosted their target price on Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.00.

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.