Mirae Asset Global Investments Co. Ltd. Sells 207 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Mirae Asset Global Investments Co. Ltd. cut its position in Planet Fitness, Inc. (NYSE:PLNT) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,751 shares of the company’s stock after selling 207 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Planet Fitness were worth $785,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Asset Management One Co. Ltd. raised its position in Planet Fitness by 17.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 999 shares of the company’s stock valued at $73,000 after purchasing an additional 148 shares during the last quarter. Treasurer of the State of North Carolina raised its position in Planet Fitness by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 37,433 shares of the company’s stock valued at $1,841,000 after purchasing an additional 190 shares during the last quarter. Covestor Ltd raised its position in Planet Fitness by 19.5% in the third quarter. Covestor Ltd now owns 1,460 shares of the company’s stock valued at $72,000 after purchasing an additional 238 shares during the last quarter. Allworth Financial LP raised its position in Planet Fitness by 247.6% in the fourth quarter. Allworth Financial LP now owns 358 shares of the company’s stock valued at $26,000 after purchasing an additional 255 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Planet Fitness by 1.1% in the third quarter. Arizona State Retirement System now owns 24,190 shares of the company’s stock valued at $1,190,000 after purchasing an additional 259 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Planet Fitness Stock Performance

Shares of Planet Fitness stock opened at $61.07 on Thursday. Planet Fitness, Inc. has a 52 week low of $44.13 and a 52 week high of $84.48. The stock has a 50 day moving average price of $62.43 and a two-hundred day moving average price of $64.66. The stock has a market capitalization of $5.38 billion, a PE ratio of 37.70, a price-to-earnings-growth ratio of 1.93 and a beta of 1.39.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Planet Fitness had a negative return on equity of 120.89% and a net margin of 12.91%. The firm had revenue of $285.10 million during the quarter, compared to analysts’ expectations of $282.35 million. During the same quarter last year, the firm posted $0.53 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. Research analysts forecast that Planet Fitness, Inc. will post 2.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PLNT shares. Stifel Nicolaus dropped their target price on Planet Fitness from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Morgan Stanley restated an “overweight” rating and set a $79.00 price objective on shares of Planet Fitness in a research report on Monday, April 1st. JPMorgan Chase & Co. lowered their price objective on Planet Fitness from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Monday, February 26th. Royal Bank of Canada raised their price objective on Planet Fitness from $74.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Finally, StockNews.com upgraded Planet Fitness from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $71.00.

Planet Fitness Company 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.