390 Shares in Planet Fitness, Inc. (NYSE:PLNT) Purchased by R Squared Ltd

R Squared Ltd acquired a new stake in Planet Fitness, Inc. (NYSE:PLNT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 390 shares of the company’s stock, valued at approximately $39,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLNT. Quarry LP grew its holdings in shares of Planet Fitness by 174.7% during the second quarter. Quarry LP now owns 500 shares of the company’s stock valued at $37,000 after purchasing an additional 318 shares during the last quarter. UMB Bank n.a. grew 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. V Square Quantitative Management LLC grew its holdings in Planet Fitness by 69.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 489 shares of the company’s stock worth $40,000 after buying an additional 201 shares in the last quarter. GAMMA Investing LLC grew its holdings in Planet Fitness by 396.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,898 shares of the company’s stock worth $154,000 after buying an additional 1,516 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in Planet Fitness in the 3rd quarter worth approximately $200,000. 95.53% of the stock is owned by institutional investors.

Planet Fitness Price Performance

Planet Fitness stock opened at $108.16 on Monday. The firm has a market capitalization of $9.15 billion, a PE ratio of 58.15, a P/E/G ratio of 2.66 and a beta of 1.52. The company’s 50-day moving average is $101.84 and its 200-day moving average is $88.99. Planet Fitness, Inc. has a fifty-two week low of $54.35 and a fifty-two week high of $110.00.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.07. The company had revenue of $292.20 million for the quarter, compared to analyst estimates 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 for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS. As a group, analysts expect that Planet Fitness, Inc. will post 2.5 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PLNT shares. Royal Bank of Canada restated an “outperform” rating and issued a $120.00 target price on shares of Planet Fitness in a research report on Wednesday, January 15th. Morgan Stanley upped their target price on Planet Fitness from $84.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Raymond James upped their target price on Planet Fitness from $92.00 to $110.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 8th. DA Davidson reiterated a “neutral” rating and set a $87.00 price objective on shares of Planet Fitness in a research report on Tuesday, January 21st. Finally, Macquarie reiterated a “neutral” rating and set a $99.00 price objective (up previously from $91.00) on shares of Planet Fitness in a research report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $97.69.

Insider Activity at Planet Fitness

In other Planet Fitness news, insider Jennifer Simmons sold 11,453 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $96.20, for a total value 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. The trade was a 37.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 5.94% of the stock is owned by company 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.