Planet Fitness, Inc. $PLNT Shares Bought by Fiera Capital Corp

Fiera Capital Corp grew its holdings in Planet Fitness, Inc. (NYSE:PLNT) by 32.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 427,517 shares of the company’s stock after buying an additional 105,851 shares during the period. Fiera Capital Corp’s holdings in Planet Fitness were worth $46,373,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. V Square Quantitative Management LLC purchased a new position in shares of Planet Fitness during the fourth quarter worth about $27,000. Clearstead Advisors LLC raised its stake in Planet Fitness by 135.9% during the 4th quarter. Clearstead Advisors LLC now owns 335 shares of the company’s stock valued at $36,000 after acquiring an additional 193 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Planet Fitness by 184.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock worth $36,000 after acquiring an additional 214 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Planet Fitness in the 4th quarter valued at approximately $41,000. Finally, Hantz Financial Services Inc. grew its stake in shares of Planet Fitness by 51.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 404 shares of the company’s stock valued at $42,000 after purchasing an additional 138 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Planet Fitness Stock Up 0.2%

NYSE:PLNT opened at $50.77 on Tuesday. The firm’s fifty day simple moving average is $61.66 and its 200-day simple moving average is $83.91. The stock has a market cap of $4.03 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.10 and a beta of 1.04. Planet Fitness, Inc. has a fifty-two week low of $37.03 and a fifty-two week high of $114.47.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.74 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $337.24 million during the quarter, compared to analysts’ expectations of $298.60 million. During the same quarter last year, the business earned $0.59 earnings per share. The business’s revenue for the quarter 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. Equities analysts anticipate that Planet Fitness, Inc. will post 3.18 earnings per share for the current year.

Analysts Set New Price Targets

PLNT has been the subject of several analyst reports. Wells Fargo & Company cut their price target on Planet Fitness from $80.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. JPMorgan Chase & Co. lowered their price objective on shares of Planet Fitness from $120.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Planet Fitness from $98.00 to $61.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. TD Cowen restated a “hold” rating on shares of Planet Fitness in a research report on Friday, May 29th. Finally, Weiss Ratings downgraded shares of Planet Fitness from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Planet Fitness currently has an average rating of “Moderate Buy” and a consensus target price of $77.81.

Insider Activity

In other news, Director Frances G. Rathke purchased 5,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were acquired at an average price of $46.21 per share, with a total value of $231,050.00. Following the purchase, the director directly owned 5,000 shares of the company’s stock, valued at $231,050. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.90% of the company’s stock.

About Planet Fitness

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.