Barclays PLC Sells 4,833 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Barclays PLC reduced its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,176 shares of the company’s stock after selling 4,833 shares during the quarter. Barclays PLC owned approximately 0.07% of Planet Fitness worth $6,247,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC bought a new stake in shares of Planet Fitness during the 4th quarter worth $11,963,000. Tidal Investments LLC boosted its stake in Planet Fitness by 132.5% in the third quarter. Tidal Investments LLC now owns 28,957 shares of the company’s stock valued at $2,352,000 after acquiring an additional 16,503 shares during the last quarter. B. Metzler seel. Sohn & Co. AG bought a new position in shares of Planet Fitness during the 4th quarter valued at approximately $3,378,000. AMJ Financial Wealth Management bought a new position in shares of Planet Fitness during the 4th quarter valued at approximately $495,000. Finally, Nkcfo LLC bought a new stake in shares of Planet Fitness in the 4th quarter worth approximately $1,088,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. DA Davidson reissued a “neutral” rating and issued a $87.00 price objective on shares of Planet Fitness in a report on Tuesday, January 21st. Roth Mkm reissued a “buy” rating and set a $115.00 price objective (up previously from $110.00) on shares of Planet Fitness in a report on Wednesday, February 26th. Stifel Nicolaus cut their target price on Planet Fitness from $90.00 to $82.00 and set a “hold” rating for the company in a research note on Friday, February 28th. JPMorgan Chase & Co. upped their price target on Planet Fitness from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, Canaccord Genuity Group began coverage on shares of Planet Fitness in a research report on Thursday, March 13th. They issued a “buy” rating and a $120.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $101.72.

Planet Fitness Price Performance

Shares of PLNT stock opened at $96.28 on Friday. The business has a 50-day moving average of $95.94 and a 200 day moving average of $96.37. Planet Fitness, Inc. has a 1-year low of $58.51 and a 1-year high of $110.00. The stock has a market capitalization of $8.15 billion, a PE ratio of 51.76, a P/E/G ratio of 2.45 and a beta of 1.39.

Planet Fitness (NYSE:PLNT) last issued its earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.08. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The firm had revenue of $340.50 million for the quarter, compared to analysts’ expectations of $324.57 million. During the same quarter last year, the business earned $0.60 earnings per share. The business’s revenue was up 19.4% on a year-over-year basis. Analysts anticipate that Planet Fitness, Inc. will post 2.51 EPS for the current year.

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.