Swiss National Bank Reduces Position in Planet Fitness, Inc. (NYSE:PLNT)

Swiss National Bank trimmed its stake in shares of Planet Fitness, Inc. (NYSE:PLNTGet Rating) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 196,385 shares of the company’s stock after selling 700 shares during the quarter. Swiss National Bank owned about 0.22% of Planet Fitness worth $13,356,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. O Dell Group LLC acquired a new stake in Planet Fitness during the 1st quarter worth approximately $30,000. First Horizon Advisors Inc. lifted its position in Planet Fitness by 290.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 781 shares of the company’s stock worth $53,000 after acquiring an additional 581 shares during the period. Standard Family Office LLC lifted its position in Planet Fitness by 1,147.1% during the 1st quarter. Standard Family Office LLC now owns 848 shares of the company’s stock worth $72,000 after acquiring an additional 780 shares during the period. Ellevest Inc. lifted its position in Planet Fitness by 1,098.8% during the 2nd quarter. Ellevest Inc. now owns 971 shares of the company’s stock worth $66,000 after acquiring an additional 890 shares during the period. Finally, Sandy Spring Bank acquired a new stake in Planet Fitness during the 1st quarter worth approximately $84,000. 95.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PLNT shares. Stifel Nicolaus reduced their price target on Planet Fitness from $85.00 to $82.00 and set a “buy” rating for the company in a report on Thursday, September 8th. Cowen raised their price target on Planet Fitness from $80.00 to $90.00 in a report on Wednesday. StockNews.com started coverage on Planet Fitness in a report on Wednesday, October 12th. They issued a “hold” rating for the company. DA Davidson raised their price target on Planet Fitness from $90.00 to $99.00 and gave the company a “buy” rating in a report on Friday, November 11th. Finally, Cowen raised their price target on Planet Fitness from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.23.

Planet Fitness Stock Performance

Shares of PLNT stock opened at $74.99 on Friday. The stock has a fifty day moving average price of $63.57 and a 200 day moving average price of $69.21. The stock has a market cap of $6.72 billion, a PE ratio of 89.27, a P/E/G ratio of 1.54 and a beta of 1.25. Planet Fitness, Inc. has a 1 year low of $54.15 and a 1 year high of $97.33.

Planet Fitness Company Profile

(Get Rating)

Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. It operates through Franchise, Corporate-Owned Stores, and Equipment segments. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.

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Institutional Ownership by Quarter for Planet Fitness (NYSE:PLNT)

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