Dnca Finance Sells 179 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Dnca Finance lessened its position in shares of Planet Fitness, Inc. (NYSE:PLNT) by 19.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 736 shares of the company’s stock after selling 179 shares during the quarter. Dnca Finance’s holdings in Planet Fitness were worth $73,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in Planet Fitness during the 4th quarter valued at about $39,000. UMB Bank n.a. lifted its stake in shares of Planet Fitness by 67.4% in the 4th quarter. UMB Bank n.a. now owns 390 shares of the company’s stock valued at $39,000 after purchasing an additional 157 shares during the period. Skandinaviska Enskilda Banken AB publ grew its position in Planet Fitness by 1,139.5% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company’s stock valued at $53,000 after buying an additional 490 shares during the period. Beaumont Financial Advisors LLC acquired a new position in shares of Planet Fitness in the fourth quarter worth about $202,000. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Planet Fitness during the 4th quarter worth about $203,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PLNT has been the subject of a number of recent analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $120.00 price objective on shares of Planet Fitness in a research report on Monday, February 24th. Canaccord Genuity Group assumed coverage on shares of Planet Fitness in a research note on Thursday, March 13th. They set a “buy” rating and a $120.00 target price for the company. Guggenheim raised their price target on shares of Planet Fitness from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, April 14th. Roth Mkm restated a “buy” rating and issued a $115.00 target price (up previously from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus decreased their price objective on Planet Fitness from $90.00 to $82.00 and set a “hold” rating on the stock in a report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $101.72.

Planet Fitness Stock Performance

PLNT stock opened at $93.91 on Friday. The stock has a market capitalization of $7.95 billion, a PE ratio of 50.49, a price-to-earnings-growth ratio of 2.45 and a beta of 1.39. Planet Fitness, Inc. has a one year low of $57.64 and a one year high of $110.00. The company has a fifty day moving average of $96.46 and a 200-day moving average of $96.02.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.08. The firm had revenue of $340.50 million for the quarter, compared to the consensus estimate of $324.57 million. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. Equities analysts forecast that Planet Fitness, Inc. will post 2.51 earnings per share for the current fiscal year.

About Planet Fitness

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.