BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 1,545 Shares of Planet Fitness, Inc. (NYSE:PLNT)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its position in Planet Fitness, Inc. (NYSE:PLNT) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 126,401 shares of the company’s stock after selling 1,545 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.15% of Planet Fitness worth $10,266,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PLNT. Hilton Capital Management LLC acquired a new position in Planet Fitness in the third quarter valued at about $1,688,000. Premier Fund Managers Ltd bought a new position in shares of Planet Fitness during the 3rd quarter valued at about $775,000. Quest Partners LLC grew its position in shares of Planet Fitness by 126.0% in the 3rd quarter. Quest Partners LLC now owns 9,504 shares of the company’s stock valued at $772,000 after purchasing an additional 5,298 shares during the period. Natixis Advisors LLC bought a new stake in Planet Fitness during the 3rd quarter worth approximately $855,000. Finally, ING Groep NV acquired a new stake in Planet Fitness during the 3rd quarter worth approximately $1,568,000. Institutional investors own 95.53% of the company’s stock.

Planet Fitness Price Performance

Shares of PLNT stock opened at $101.53 on Friday. The company has a fifty day moving average price of $84.99 and a two-hundred day moving average price of $77.47. Planet Fitness, Inc. has a one year low of $54.35 and a one year high of $101.76. The stock has a market cap of $8.59 billion, a P/E ratio of 54.59, a P/E/G ratio of 3.32 and a beta of 1.49.

Planet Fitness (NYSE:PLNT) last issued its earnings results on Thursday, November 7th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.07. The business had revenue of $292.20 million during the quarter, compared to the consensus estimate of $283.79 million. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. Planet Fitness’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the business posted $0.59 EPS. As a group, equities research analysts anticipate that Planet Fitness, Inc. will post 2.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on PLNT. Royal Bank of Canada upped their price target on shares of Planet Fitness from $87.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, November 8th. JPMorgan Chase & Co. upped their target price on shares of Planet Fitness from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Planet Fitness in a report on Friday, September 27th. They set a “hold” rating and a $71.00 target price for the company. BNP Paribas raised Planet Fitness from a “neutral” rating to an “outperform” rating and set a $97.00 price objective for the company in a research report on Thursday, September 5th. Finally, Stifel Nicolaus lifted their target price on Planet Fitness from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $91.81.

Insider Buying and Selling

In other Planet Fitness news, insider Jennifer Simmons sold 11,453 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $96.20, for a total transaction of $1,101,778.60. Following the completion of the sale, the insider now owns 19,110 shares of the company’s stock, valued at $1,838,382. This trade represents a 37.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.94% of the stock is owned by insiders.

About Planet Fitness

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.