Axiom International Investors LLC DE increased its stake in Planet Fitness, Inc. (NYSE:PLNT) by 29.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 393,765 shares of the company’s stock after purchasing an additional 90,658 shares during the quarter. Axiom International Investors LLC DE owned about 0.40% of Planet Fitness worth $10,624,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in PLNT. FMR LLC bought a new stake in Planet Fitness during the first quarter worth about $599,000. Teachers Advisors LLC lifted its stake in Planet Fitness by 635.3% during the first quarter. Teachers Advisors LLC now owns 327,565 shares of the company’s stock worth $6,312,000 after purchasing an additional 283,015 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Planet Fitness by 40.6% in the 1st quarter. Vanguard Group Inc. now owns 4,977,283 shares of the company’s stock valued at $95,913,000 after acquiring an additional 1,436,427 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Planet Fitness by 45.4% in the 1st quarter. Geode Capital Management LLC now owns 472,614 shares of the company’s stock valued at $9,107,000 after acquiring an additional 147,602 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Planet Fitness by 116.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 441,000 shares of the company’s stock valued at $8,498,000 after acquiring an additional 237,429 shares during the last quarter.
Planet Fitness, Inc. (NYSE:PLNT) traded down $0.09 during trading on Thursday, hitting $31.67. The company had a trading volume of 453,200 shares, compared to its average volume of 1,211,685. The company has a debt-to-equity ratio of -5.00, a current ratio of 1.57 and a quick ratio of 1.56. The stock has a market cap of $3,124.01, a P/E ratio of 39.70, a P/E/G ratio of 2.45 and a beta of 1.00. Planet Fitness, Inc. has a 52 week low of $18.32 and a 52 week high of $32.92.
Planet Fitness (NYSE:PLNT) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $97.50 million for the quarter, compared to the consensus estimate of $93.55 million. Planet Fitness had a negative return on equity of 44.91% and a net margin of 11.44%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.16 EPS. research analysts predict that Planet Fitness, Inc. will post 0.82 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on PLNT. DA Davidson began coverage on Planet Fitness in a research note on Monday, November 20th. They issued a “buy” rating for the company. Zacks Investment Research lowered Planet Fitness from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Roth Capital boosted their price target on Planet Fitness from $23.00 to $27.00 and gave the company a “buy” rating in a report on Monday, August 21st. Jefferies Group restated a “buy” rating and set a $29.00 price target (up previously from $26.00) on shares of Planet Fitness in a report on Thursday, August 10th. Finally, Cowen restated an “outperform” rating and set a $28.00 price target (up previously from $23.00) on shares of Planet Fitness in a report on Thursday, August 10th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Planet Fitness presently has an average rating of “Buy” and a consensus price target of $29.60.
In other news, CAO Richard L. Moore sold 1,640 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $27.00, for a total transaction of $44,280.00. Following the transaction, the chief accounting officer now directly owns 1,640 shares of the company’s stock, valued at approximately $44,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher Rondeau sold 20,000 shares of the company’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $26.75, for a total value of $535,000.00. The disclosure for this sale can be found here. Insiders sold a total of 645,753 shares of company stock worth $18,854,271 over the last ninety days. 19.87% of the stock is currently owned by insiders.
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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.
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