E. Ohman J or Asset Management AB Has $2.04 Million Stock Holdings in Planet Fitness, Inc. (NYSE:PLNT)

E. Ohman J or Asset Management AB lowered its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT) by 33.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,651 shares of the company’s stock after selling 10,362 shares during the period. E. Ohman J or Asset Management AB’s holdings in Planet Fitness were worth $2,042,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. M&T Bank Corp grew its stake in shares of Planet Fitness by 2.6% during the third quarter. M&T Bank Corp now owns 4,947 shares of the company’s stock worth $402,000 after buying an additional 124 shares during the last quarter. Verdence Capital Advisors LLC grew its position in Planet Fitness by 4.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,047 shares of the company’s stock worth $247,000 after acquiring an additional 132 shares during the last quarter. Cetera Trust Company N.A grew its position in Planet Fitness by 5.2% during the 4th quarter. Cetera Trust Company N.A now owns 2,710 shares of the company’s stock worth $268,000 after acquiring an additional 135 shares during the last quarter. UMB Bank n.a. increased its holdings in Planet Fitness by 67.4% in the 4th quarter. UMB Bank n.a. now owns 390 shares of the company’s stock worth $39,000 after purchasing an additional 157 shares in the last quarter. Finally, Creative Planning raised its position in Planet Fitness by 2.1% in the third quarter. Creative Planning now owns 9,144 shares of the company’s stock valued at $743,000 after purchasing an additional 192 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Planet Fitness

In other Planet Fitness news, insider Jennifer Simmons sold 11,453 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $96.20, for a total value of $1,101,778.60. Following the completion of the sale, the insider now owns 19,110 shares of the company’s stock, valued at approximately $1,838,382. This trade represents a 37.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.83% of the company’s stock.

Planet Fitness Price Performance

NYSE PLNT opened at $107.24 on Wednesday. The stock has a market capitalization of $9.07 billion, a P/E ratio of 57.66, a P/E/G ratio of 2.67 and a beta of 1.53. The business has a 50 day simple moving average of $102.09 and a 200 day simple moving average of $89.43. Planet Fitness, Inc. has a one year low of $54.35 and a one year high of $110.00.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.57 by $0.07. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The company had revenue of $292.20 million during the quarter, compared to the consensus estimate of $283.79 million. During the same quarter last year, the firm posted $0.59 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Equities analysts expect that Planet Fitness, Inc. will post 2.5 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PLNT. Piper Sandler boosted their price target on Planet Fitness from $115.00 to $123.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and set a $120.00 target price on shares of Planet Fitness in a report on Wednesday, January 15th. Stifel Nicolaus raised their price target on shares of Planet Fitness from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. lifted their price target on shares of Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, DA Davidson restated a “neutral” rating and issued a $87.00 price objective on shares of Planet Fitness in a report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $97.69.

Planet Fitness 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.