iSAM Funds UK Ltd Reduces Stock Holdings in Planet Fitness, Inc. (NYSE:PLNT)

iSAM Funds UK Ltd lowered its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT) by 15.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,250 shares of the company’s stock after selling 595 shares during the quarter. iSAM Funds UK Ltd’s holdings in Planet Fitness were worth $321,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PLNT. Corient Private Wealth LLC boosted its holdings in shares of Planet Fitness by 2.1% in the fourth quarter. Corient Private Wealth LLC now owns 4,623 shares of the company’s stock worth $457,000 after buying an additional 94 shares during the last quarter. Cetera Trust Company N.A raised its position in Planet Fitness by 5.2% in the fourth 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 period. UMB Bank n.a. raised its position in 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 acquiring an additional 157 shares during the period. Truist Financial Corp boosted its stake in shares of Planet Fitness by 1.3% during the 4th quarter. Truist Financial Corp now owns 12,632 shares of the company’s stock worth $1,249,000 after acquiring an additional 161 shares during the last quarter. Finally, Kestra Private Wealth Services LLC grew its position in shares of Planet Fitness by 5.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 4,442 shares of the company’s stock valued at $439,000 after acquiring an additional 214 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Planet Fitness Price Performance

Planet Fitness stock opened at $103.34 on Wednesday. Planet Fitness, Inc. has a 1 year low of $60.56 and a 1 year high of $110.00. The firm’s 50 day moving average price is $96.85 and its 200-day moving average price is $98.66. The stock has a market cap of $8.70 billion, a P/E ratio of 55.56, a PEG ratio of 2.45 and a beta of 1.33.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PLNT. DA Davidson reaffirmed a “neutral” rating and issued a $87.00 target price on shares of Planet Fitness in a report on Tuesday, January 21st. 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 research note on Friday, February 28th. 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 objective on the stock. Macquarie reiterated a “neutral” rating and set a $95.00 price objective on shares of Planet Fitness in a research note on Tuesday, May 13th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $120.00 target price on shares of Planet Fitness in a research note on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Planet Fitness has an average rating of “Moderate Buy” and an average price target of $103.00.

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.