Signaturefd LLC Sells 196 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Signaturefd LLC lessened its position in Planet Fitness, Inc. (NYSE:PLNT) by 28.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 492 shares of the company’s stock after selling 196 shares during the period. Signaturefd LLC’s holdings in Planet Fitness were worth $36,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of PLNT. Allworth Financial LP raised its holdings in Planet Fitness by 247.6% in the 4th quarter. Allworth Financial LP now owns 358 shares of the company’s stock worth $26,000 after acquiring an additional 255 shares during the period. McGlone Suttner Wealth Management Inc. bought a new position in shares of Planet Fitness during the 4th quarter worth about $47,000. Covestor Ltd increased its holdings in shares of Planet Fitness by 19.5% during the 3rd quarter. Covestor Ltd now owns 1,460 shares of the company’s stock worth $72,000 after purchasing an additional 238 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of Planet Fitness by 17.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 999 shares of the company’s stock worth $73,000 after purchasing an additional 148 shares during the period. Finally, Larson Financial Group LLC bought a new position in shares of Planet Fitness during the 3rd quarter worth about $182,000. Institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PLNT. JPMorgan Chase & Co. dropped their price objective on shares of Planet Fitness from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Monday, February 26th. Morgan Stanley restated an “overweight” rating and set a $79.00 price objective on shares of Planet Fitness in a report on Monday, April 1st. Piper Sandler boosted their price objective on shares of Planet Fitness from $88.00 to $89.00 and gave the stock an “overweight” rating in a report on Thursday, January 11th. Stifel Nicolaus dropped their price objective on shares of Planet Fitness from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Finally, StockNews.com upgraded shares of Planet Fitness from a “sell” rating to a “hold” rating in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.00.

Planet Fitness Stock Down 0.9 %

NYSE:PLNT opened at $59.52 on Friday. The firm has a market cap of $5.25 billion, a PE ratio of 36.74, a price-to-earnings-growth ratio of 1.91 and a beta of 1.37. Planet Fitness, Inc. has a 12 month low of $44.13 and a 12 month high of $75.86. The company’s 50-day moving average price is $61.59 and its two-hundred day moving average price is $64.94.

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

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.