Katamaran Capital LLP Makes New $974,000 Investment in Planet Fitness, Inc. $PLNT

Katamaran Capital LLP purchased a new position in shares of Planet Fitness, Inc. (NYSE:PLNT) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,095 shares of the company’s stock, valued at approximately $974,000. Planet Fitness makes up approximately 0.8% of Katamaran Capital LLP’s holdings, making the stock its 27th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. MML Investors Services LLC raised its holdings in shares of Planet Fitness by 1.3% in the fourth quarter. MML Investors Services LLC now owns 9,811 shares of the company’s stock valued at $1,064,000 after purchasing an additional 122 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Planet Fitness by 0.5% during the third quarter. Public Employees Retirement System of Ohio now owns 26,627 shares of the company’s stock valued at $2,764,000 after purchasing an additional 123 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in Planet Fitness by 4.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,782 shares of the company’s stock worth $410,000 after purchasing an additional 168 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in Planet Fitness by 135.9% during the fourth quarter. Clearstead Advisors LLC now owns 335 shares of the company’s stock worth $36,000 after purchasing an additional 193 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Planet Fitness by 184.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock worth $36,000 after purchasing an additional 214 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PLNT has been the subject of a number of research analyst reports. Canaccord Genuity Group set a $80.00 price target on Planet Fitness in a research report on Friday, May 8th. Guggenheim cut their price objective on Planet Fitness from $126.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Weiss Ratings downgraded Planet Fitness from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 18th. Wells Fargo & Company decreased their target price on Planet Fitness from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Finally, Stifel Nicolaus lowered their target price on Planet Fitness from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.71.

Planet Fitness Price Performance

Planet Fitness stock opened at $50.96 on Wednesday. The firm has a market capitalization of $4.05 billion, a P/E ratio of 18.40, a PEG ratio of 1.10 and a beta of 1.04. Planet Fitness, Inc. has a one year low of $37.03 and a one year high of $114.47. The business has a fifty day moving average price of $51.66 and a 200-day moving average price of $73.34.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.11. Planet Fitness had a net margin of 16.52% and a negative return on equity of 81.29%. The company had revenue of $337.24 million during the quarter, compared to analyst estimates of $298.60 million. During the same period last year, the business earned $0.59 earnings per share. Planet Fitness’s revenue was up 21.9% compared to the same quarter last year. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. Sell-side analysts expect that Planet Fitness, Inc. will post 3.18 earnings per share for the current fiscal year.

Insider Activity at Planet Fitness

In related news, Director Frances G. Rathke bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average cost of $46.21 per share, for a total transaction of $231,050.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $231,050. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is owned by insiders.

Planet Fitness Profile

Planet Fitness, Inc is a franchisor and operator of fitness centers based in Hampton, New Hampshire. Established in 1992, the company designs and equips its clubs to offer a non-intimidating workout environment, often marketed under its “Judgment Free Zone” philosophy. Planet Fitness markets affordable membership plans and a variety of cardio and strength-training equipment, positioning itself to attract casual and first-time gym users.

The company operates through a network of franchised and company-owned clubs.