B. Metzler seel. Sohn & Co. AG Takes Position in Planet Fitness, Inc. (NYSE:PLNT)

B. Metzler seel. Sohn & Co. AG bought a new position in shares of Planet Fitness, Inc. (NYSE:PLNT) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 34,165 shares of the company’s stock, valued at approximately $3,378,000.

Several other institutional investors and hedge funds have also made changes to their positions in PLNT. UMB Bank n.a. lifted 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. R Squared Ltd acquired a new stake in shares of Planet Fitness during the fourth quarter valued at about $39,000. Skandinaviska Enskilda Banken AB publ increased its position in shares of Planet Fitness by 1,139.5% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company’s stock worth $53,000 after acquiring an additional 490 shares during the last quarter. Beaumont Financial Advisors LLC acquired a new position in shares of Planet Fitness in the fourth quarter worth about $202,000. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new position in Planet Fitness in the fourth quarter valued at about $203,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Planet Fitness Price Performance

NYSE:PLNT opened at $95.80 on Wednesday. The firm has a market capitalization of $8.11 billion, a P/E ratio of 51.50, a P/E/G ratio of 2.45 and a beta of 1.54. The business has a 50 day simple moving average of $100.06 and a 200 day simple moving average of $95.02. Planet Fitness, Inc. has a 12-month low of $57.64 and a 12-month high of $110.00.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Canaccord Genuity Group initiated coverage on Planet Fitness in a report on Thursday, March 13th. They set a “buy” rating and a $120.00 price objective on the stock. Stifel Nicolaus dropped their price target on shares of Planet Fitness from $90.00 to $82.00 and set a “hold” rating for the company in a research note on Friday, February 28th. Roth Mkm reiterated a “buy” rating and set a $115.00 price objective (up from $110.00) on shares of Planet Fitness in a research note on Wednesday, February 26th. BMO Capital Markets boosted their target price on shares of Planet Fitness from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $120.00 price target on shares of Planet Fitness in a research report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $101.44.

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.