Hussman Strategic Advisors Inc. Acquires 10,500 Shares of Planet Fitness, Inc. $PLNT

Hussman Strategic Advisors Inc. raised its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT) by 100.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,000 shares of the company’s stock after purchasing an additional 10,500 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Planet Fitness were worth $2,180,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Game Plan Financial Advisors LLC bought a new position in shares of Planet Fitness during the second quarter valued at approximately $25,000. Hantz Financial Services Inc. increased its position in Planet Fitness by 964.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 266 shares of the company’s stock valued at $29,000 after purchasing an additional 241 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Planet Fitness by 184.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock worth $36,000 after purchasing an additional 214 shares in the last quarter. SJS Investment Consulting Inc. lifted its position in shares of Planet Fitness by 6,950.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $44,000 after purchasing an additional 417 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Planet Fitness in the 2nd quarter worth about $53,000. 95.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PLNT has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on shares of Planet Fitness from $108.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Royal Bank Of Canada reissued an “outperform” rating and issued a $135.00 target price on shares of Planet Fitness in a research report on Tuesday, December 9th. Canaccord Genuity Group lifted their price target on Planet Fitness from $139.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Guggenheim raised Planet Fitness to a “strong-buy” rating in a research note on Wednesday, December 10th. Finally, Macquarie raised their price objective on Planet Fitness from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $123.18.

Planet Fitness Stock Down 0.7%

PLNT stock opened at $92.64 on Wednesday. The business has a 50 day moving average of $106.12 and a 200 day moving average of $104.02. The firm has a market cap of $7.72 billion, a PE ratio of 37.81, a price-to-earnings-growth ratio of 1.57 and a beta of 1.27. Planet Fitness, Inc. has a twelve month low of $87.72 and a twelve month high of $114.47.

Planet Fitness (NYSE:PLNT) last released its earnings results on Thursday, November 6th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.72 by $0.08. Planet Fitness had a negative return on equity of 126.58% and a net margin of 15.97%.The business had revenue of $330.35 million for the quarter, compared to the consensus estimate of $323.95 million. During the same period in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Planet Fitness has set its FY 2025 guidance at 3.000-3.030 EPS. On average, research analysts expect that Planet Fitness, Inc. will post 2.51 earnings per share for the current fiscal year.

Planet Fitness Company Profile

Planet Fitness, Inc is a franchisor and operator of fitness centers based in Hampton, New Hampshire. Established in 1992, the company designs and equips its clubs to offer a non-intimidating workout environment, often marketed under its “Judgment Free Zone” philosophy. Planet Fitness markets affordable membership plans and a variety of cardio and strength-training equipment, positioning itself to attract casual and first-time gym users.

The company operates through a network of franchised and company-owned clubs.