Xponance Inc. Acquires 376 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Xponance Inc. increased its holdings in Planet Fitness, Inc. (NYSE:PLNT) by 2.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,611 shares of the company’s stock after purchasing an additional 376 shares during the period. Xponance Inc.’s holdings in Planet Fitness were worth $1,346,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the business. Corient Private Wealth LLC increased its holdings in Planet Fitness by 2.1% in the 4th quarter. Corient Private Wealth LLC now owns 4,623 shares of the company’s stock worth $457,000 after buying an additional 94 shares in the last quarter. M&T Bank Corp increased its holdings in Planet Fitness by 2.6% in the 3rd quarter. M&T Bank Corp now owns 4,947 shares of the company’s stock worth $402,000 after buying an additional 124 shares in the last quarter. Cetera Trust Company N.A increased its holdings in Planet Fitness by 5.2% in the 4th quarter. Cetera Trust Company N.A now owns 2,710 shares of the company’s stock worth $268,000 after buying an additional 135 shares in 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 buying an additional 157 shares in the last quarter. Finally, Truist Financial Corp increased its holdings in Planet Fitness by 1.3% in the 4th quarter. Truist Financial Corp now owns 12,632 shares of the company’s stock worth $1,249,000 after buying an additional 161 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Planet Fitness Trading Down 0.0 %

Shares of PLNT opened at $100.31 on Friday. Planet Fitness, Inc. has a 12-month low of $57.31 and a 12-month high of $110.00. The business’s 50 day moving average is $100.97 and its 200 day moving average is $94.07. The company has a market capitalization of $8.49 billion, a PE ratio of 53.93, a price-to-earnings-growth ratio of 2.45 and a beta of 1.54.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PLNT shares. Stifel Nicolaus reduced their price objective on Planet Fitness from $90.00 to $82.00 and set a “hold” rating for the company in a report on Friday, February 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $120.00 target price on shares of Planet Fitness in a research report on Monday, February 24th. Guggenheim reissued a “buy” rating and issued a $105.00 target price on shares of Planet Fitness in a research report on Thursday, February 27th. Macquarie dropped their target price on Planet Fitness from $99.00 to $95.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Finally, Piper Sandler raised their target price on Planet Fitness from $115.00 to $123.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Five research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.17.

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.