Swiss National Bank Sells 500 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Swiss National Bank reduced its position in shares of Planet Fitness, Inc. (NYSE:PLNT) by 0.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,885 shares of the company’s stock after selling 500 shares during the period. Swiss National Bank’s holdings in Planet Fitness were worth $13,879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PLNT. GAMMA Investing LLC boosted its holdings in Planet Fitness by 478.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock valued at $28,000 after acquiring an additional 316 shares during the last quarter. LRI Investments LLC boosted its holdings in Planet Fitness by 61.2% in the second quarter. LRI Investments LLC now owns 403 shares of the company’s stock valued at $30,000 after acquiring an additional 153 shares during the last quarter. Quarry LP boosted its holdings in Planet Fitness by 174.7% in the second quarter. Quarry LP now owns 500 shares of the company’s stock valued at $37,000 after acquiring an additional 318 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in Planet Fitness by 69.8% in the third quarter. V Square Quantitative Management LLC now owns 489 shares of the company’s stock valued at $40,000 after acquiring an additional 201 shares during the last quarter. Finally, Dnca Finance bought a new stake in Planet Fitness in the second quarter valued at approximately $82,000. 95.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on PLNT shares. Raymond James upped their target price on Planet Fitness from $92.00 to $110.00 and gave the company a “strong-buy” rating in a report on Friday, November 8th. Roth Mkm upped their target price on Planet Fitness from $73.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Bank of America increased their price target on Planet Fitness from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, September 6th. JPMorgan Chase & Co. increased their price target on Planet Fitness from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, Stifel Nicolaus increased their price target on Planet Fitness from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Five 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.81.

Planet Fitness Trading Up 1.5 %

NYSE PLNT opened at $101.56 on Friday. The firm has a market capitalization of $8.59 billion, a P/E ratio of 54.59, a PEG ratio of 3.25 and a beta of 1.49. The business has a fifty day simple moving average of $84.61 and a 200 day simple moving average of $77.08. Planet Fitness, Inc. has a 12 month low of $54.35 and a 12 month high of $101.76.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. The business had revenue of $292.20 million during the quarter, compared to analyst estimates of $283.79 million. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. Planet Fitness’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. As a group, sell-side analysts predict that Planet Fitness, Inc. will post 2.5 EPS for the current fiscal year.

Insider Activity at Planet Fitness

In related news, insider Jennifer Simmons sold 11,453 shares of the stock in a transaction on Thursday, November 14th. The stock was 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 directly owns 19,110 shares of the company’s stock, valued at approximately $1,838,382. This represents a 37.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.94% of the stock is currently owned by insiders.

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.