Planet Fitness, Inc. (NYSE:PLNT) Shares Sold by Xponance Inc.

Xponance Inc. cut its stake in Planet Fitness, Inc. (NYSE:PLNT) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,238 shares of the company’s stock after selling 210 shares during the period. Xponance Inc.’s holdings in Planet Fitness were worth $1,039,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Asset Management One Co. Ltd. increased its position in Planet Fitness by 17.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 999 shares of the company’s stock valued at $73,000 after acquiring an additional 148 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of 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 worth $1,841,000 after purchasing an additional 190 shares in the last quarter. Covestor Ltd increased its holdings in shares of Planet Fitness by 19.5% during 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 period. Allworth Financial LP lifted its holdings in Planet Fitness by 247.6% in the fourth quarter. Allworth Financial LP now owns 358 shares of the company’s stock worth $26,000 after purchasing an additional 255 shares during the period. Finally, Arizona State Retirement System grew its position in Planet Fitness by 1.1% in the 3rd quarter. Arizona State Retirement System now owns 24,190 shares of the company’s stock valued at $1,190,000 after buying an additional 259 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on PLNT shares. Royal Bank of Canada boosted their price target on shares of Planet Fitness from $74.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. DA Davidson restated a “neutral” rating and issued a $62.00 target price on shares of Planet Fitness in a research report on Monday, February 5th. JPMorgan Chase & Co. lowered their price target on Planet Fitness from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Monday, February 26th. Stifel Nicolaus cut their price objective on Planet Fitness from $85.00 to $80.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Finally, StockNews.com raised Planet Fitness from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.00.

Planet Fitness Stock Performance

Shares of NYSE:PLNT opened at $59.88 on Friday. The firm has a 50 day simple moving average of $62.30 and a 200 day simple moving average of $64.64. The company has a market cap of $5.28 billion, a PE ratio of 36.96, a price-to-earnings-growth ratio of 1.99 and a beta of 1.39. Planet Fitness, Inc. has a 52 week low of $44.13 and a 52 week high of $84.48.

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

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.