Planet Fitness, Inc. (NYSE:PLNT) Stake Raised by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT) by 71.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,132 shares of the company’s stock after purchasing an additional 5,039 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Planet Fitness were worth $283,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PLNT. Geneva Advisors LLC lifted its stake in Planet Fitness by 4.1% in the second quarter. Geneva Advisors LLC now owns 40,691 shares of the company’s stock valued at $950,000 after acquiring an additional 1,600 shares during the last quarter. Fortaleza Asset Management Inc. lifted its stake in Planet Fitness by 57.9% in the second quarter. Fortaleza Asset Management Inc. now owns 7,830 shares of the company’s stock valued at $183,000 after acquiring an additional 2,870 shares during the last quarter. Capital One National Association lifted its stake in Planet Fitness by 4.0% in the second quarter. Capital One National Association now owns 80,757 shares of the company’s stock valued at $1,885,000 after acquiring an additional 3,082 shares during the last quarter. Axiom International Investors LLC DE lifted its stake in Planet Fitness by 1.7% in the first quarter. Axiom International Investors LLC DE now owns 200,536 shares of the company’s stock valued at $3,864,000 after acquiring an additional 3,318 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in Planet Fitness by 126.5% in the second quarter. Great West Life Assurance Co. Can now owns 10,137 shares of the company’s stock valued at $236,000 after acquiring an additional 5,662 shares during the last quarter.

TRADEMARK VIOLATION NOTICE: This report was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/09/26/oppenheimer-asset-management-inc-has-283000-stake-in-planet-fitness-inc-plnt.html.

A number of analysts have commented on the stock. BidaskClub upgraded shares of Planet Fitness from a “hold” rating to a “buy” rating in a research note on Friday. Cowen and Company reiterated an “outperform” rating and issued a $28.00 price target (up previously from $23.00) on shares of Planet Fitness in a research note on Thursday, August 10th. Roth Capital set a $23.00 price target on shares of Planet Fitness and gave the company a “buy” rating in a research note on Thursday, August 10th. Jefferies Group LLC reiterated a “buy” rating and issued a $29.00 price target (up previously from $26.00) on shares of Planet Fitness in a research note on Thursday, August 10th. Finally, Zacks Investment Research cut shares of Planet Fitness from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $27.33.

Planet Fitness, Inc. (NYSE PLNT) opened at 26.21 on Tuesday. Planet Fitness, Inc. has a 52-week low of $19.17 and a 52-week high of $26.97. The company’s 50-day moving average is $25.81 and its 200-day moving average is $25.81. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 45.19 and a beta of 0.85.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.22

A number of other institutional investors and hedge funds have also made changes to their positions in PLNT. Geneva Advisors LLC lifted its stake in Planet Fitness by 4.1% in the second quarter. Geneva Advisors LLC now owns 40,691 shares of the company’s stock valued at $950,000 after acquiring an additional 1,600 shares during the last quarter. Fortaleza Asset Management Inc. lifted its stake in Planet Fitness by 57.9% in the second quarter. Fortaleza Asset Management Inc. now owns 7,830 shares of the company’s stock valued at $183,000 after acquiring an additional 2,870 shares during the last quarter. Capital One National Association lifted its stake in Planet Fitness by 4.0% in the second quarter. Capital One National Association now owns 80,757 shares of the company’s stock valued at $1,885,000 after acquiring an additional 3,082 shares during the last quarter. Axiom International Investors LLC DE lifted its stake in Planet Fitness by 1.7% in the first quarter. Axiom International Investors LLC DE now owns 200,536 shares of the company’s stock valued at $3,864,000 after acquiring an additional 3,318 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in Planet Fitness by 126.5% in the second quarter. Great West Life Assurance Co. Can now owns 10,137 shares of the company’s stock valued at $236,000 after acquiring an additional 5,662 shares during the last quarter.

TRADEMARK VIOLATION NOTICE: This report was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/09/26/oppenheimer-asset-management-inc-has-283000-stake-in-planet-fitness-inc-plnt.html.

A number of analysts have commented on the stock. BidaskClub upgraded shares of Planet Fitness from a “hold” rating to a “buy” rating in a research note on Friday. Cowen and Company reiterated an “outperform” rating and issued a $28.00 price target (up previously from $23.00) on shares of Planet Fitness in a research note on Thursday, August 10th. Roth Capital set a $23.00 price target on shares of Planet Fitness and gave the company a “buy” rating in a research note on Thursday, August 10th. Jefferies Group LLC reiterated a “buy” rating and issued a $29.00 price target (up previously from $26.00) on shares of Planet Fitness in a research note on Thursday, August 10th. Finally, Zacks Investment Research cut shares of Planet Fitness from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $27.33.

Planet Fitness, Inc. (NYSE PLNT) opened at 26.21 on Tuesday. Planet Fitness, Inc. has a 52-week low of $19.17 and a 52-week high of $26.97. The company’s 50-day moving average is $25.81 and its 200-day moving average is $25.81. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 45.19 and a beta of 0.85.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. The company had revenue of $107.31 million for the quarter, compared to the consensus estimate of $101.99 million. Planet Fitness had a net margin of 8.77% and a negative return on equity of 57.01%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS. On average, analysts expect that Planet Fitness, Inc. will post $0.47 earnings per share for the current fiscal year.

About Planet Fitness

Planet Fitness, Inc is a franchisor and operator of fitness centers in the United States. The Company operates through three segments: Franchise; Corporate-owned stores, and Equipment. The Franchise segment includes operations related to the Company’s franchising business in the United States, Puerto Rico, the Dominican Republic and Canada.

Institutional Ownership by Quarter for Planet Fitness (NYSE:PLNT)

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