Gotham Asset Management LLC Has $19.36 Million Stake in Planet Fitness, Inc. (NYSE:PLNT)

Gotham Asset Management LLC trimmed its position in Planet Fitness, Inc. (NYSE:PLNT) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 195,792 shares of the company’s stock after selling 2,823 shares during the period. Gotham Asset Management LLC owned approximately 0.23% of Planet Fitness worth $19,358,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. R Squared Ltd bought a new stake in Planet Fitness in the 4th quarter valued at approximately $39,000. UMB Bank n.a. lifted its position in shares of Planet Fitness by 67.4% in the fourth 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. CoreCap Advisors LLC boosted its holdings in Planet Fitness by 1,250.0% during the fourth quarter. CoreCap Advisors LLC now owns 486 shares of the company’s stock worth $48,000 after purchasing an additional 450 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Planet Fitness in the fourth quarter valued at $51,000. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in Planet Fitness by 1,139.5% in the 4th 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 last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on PLNT shares. Morgan Stanley increased their price objective on shares of Planet Fitness from $111.00 to $112.00 and gave the stock an “overweight” rating in a research note on Friday. Canaccord Genuity Group assumed coverage on Planet Fitness in a research report on Thursday, March 13th. They set a “buy” rating and a $120.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on Planet Fitness from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Royal Bank of Canada restated an “outperform” rating and set a $120.00 target price on shares of Planet Fitness in a report on Monday, February 24th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $87.00 price target on shares of Planet Fitness in a research report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Planet Fitness has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

Planet Fitness Trading Down 3.6 %

NYSE:PLNT opened at $93.54 on Friday. The stock has a 50 day simple moving average of $96.30 and a 200 day simple moving average of $97.62. Planet Fitness, Inc. has a 1-year low of $60.56 and a 1-year high of $110.00. The stock has a market cap of $7.92 billion, a P/E ratio of 50.29, a PEG ratio of 2.45 and a beta of 1.33.

Planet Fitness (NYSE:PLNT) last posted its earnings results on Thursday, May 8th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.03). Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The firm had revenue of $276.66 million for the quarter, compared to analyst estimates of $279.80 million. During the same period in the prior year, the business posted $0.53 EPS. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Planet Fitness, Inc. will post 2.51 EPS for the current year.

Planet Fitness Company 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.