Corient Private Wealth LLC Has $852,000 Stake in Planet Fitness, Inc. (NYSE:PLNT)

Corient Private Wealth LLC increased its holdings in Planet Fitness, Inc. (NYSE:PLNTFree Report) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,671 shares of the company’s stock after buying an additional 1,017 shares during the period. Corient Private Wealth LLC’s holdings in Planet Fitness were worth $852,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP raised its position in Planet Fitness by 247.6% during 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 in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in Planet Fitness during the fourth quarter valued at approximately $47,000. Covestor Ltd raised its position in 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 in the last quarter. Asset Management One Co. Ltd. raised its position in Planet Fitness by 17.4% during 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 in the last quarter. Finally, First Horizon Advisors Inc. raised its position in Planet Fitness by 24.4% during the fourth quarter. First Horizon Advisors Inc. now owns 1,006 shares of the company’s stock valued at $73,000 after purchasing an additional 197 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on PLNT. Raymond James boosted their price objective on shares of Planet Fitness from $75.00 to $80.00 and gave the company a “strong-buy” rating in a research report on Friday, May 10th. Stifel Nicolaus downgraded shares of Planet Fitness from a “buy” rating to a “hold” rating and lowered their price objective for the company from $80.00 to $70.00 in a research report on Friday, May 10th. JPMorgan Chase & Co. raised shares of Planet Fitness from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $68.00 to $78.00 in a research note on Tuesday, May 14th. DA Davidson reaffirmed a “neutral” rating and set a $62.00 target price on shares of Planet Fitness in a research note on Thursday, May 9th. Finally, StockNews.com raised shares of Planet Fitness from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $71.86.

Read Our Latest Stock Report on Planet Fitness

Planet Fitness Trading Up 0.3 %

Shares of PLNT opened at $63.81 on Tuesday. The stock has a market capitalization of $5.63 billion, a P/E ratio of 36.67, a price-to-earnings-growth ratio of 2.14 and a beta of 1.43. The firm’s fifty day simple moving average is $62.33 and its two-hundred day simple moving average is $65.98. Planet Fitness, Inc. has a 12 month low of $44.13 and a 12 month high of $75.86.

Planet Fitness (NYSE:PLNTGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. Planet Fitness had a net margin of 13.66% and a negative return on equity of 140.14%. The business had revenue of $248.00 million for the quarter, compared to analysts’ expectations of $249.48 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. As a group, research analysts predict that Planet Fitness, Inc. will post 2.43 EPS for the current fiscal year.

About Planet Fitness

(Free Report)

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.

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

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