Danica Pension Livsforsikringsaktieselskab Invests $11.92 Million in Planet Fitness, Inc. $PLNT

Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of Planet Fitness, Inc. (NYSE:PLNT) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 114,794 shares of the company’s stock, valued at approximately $11,916,000. Danica Pension Livsforsikringsaktieselskab owned about 0.14% of Planet Fitness at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Danske Bank A S acquired a new stake in shares of Planet Fitness during the third quarter valued at about $52,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Planet Fitness by 6,588.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 602 shares of the company’s stock worth $62,000 after acquiring an additional 593 shares during the last quarter. Castleark Management LLC boosted its position in shares of Planet Fitness by 3.5% during the 3rd quarter. Castleark Management LLC now owns 82,515 shares of the company’s stock worth $8,565,000 after purchasing an additional 2,785 shares during the period. XTX Topco Ltd increased its holdings in Planet Fitness by 363.7% in the 3rd quarter. XTX Topco Ltd now owns 18,844 shares of the company’s stock valued at $1,956,000 after purchasing an additional 14,780 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in Planet Fitness by 3.3% in the 3rd quarter. Tidal Investments LLC now owns 28,181 shares of the company’s stock valued at $2,925,000 after purchasing an additional 898 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Planet Fitness Trading Down 1.7%

Planet Fitness stock opened at $73.99 on Wednesday. The firm has a market capitalization of $5.92 billion, a P/E ratio of 28.24, a P/E/G ratio of 1.31 and a beta of 1.25. Planet Fitness, Inc. has a twelve month low of $73.01 and a twelve month high of $114.47. The stock’s fifty day simple moving average is $89.68 and its 200-day simple moving average is $98.40.

Planet Fitness (NYSE:PLNT) last released its earnings results on Tuesday, February 24th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. Planet Fitness had a negative return on equity of 97.97% and a net margin of 16.55%.The firm had revenue of $376.26 million during the quarter, compared to analyst estimates of $366.48 million. During the same period last year, the business posted $0.70 earnings per share. Planet Fitness’s revenue was up 10.5% compared to the same quarter last year. Planet Fitness has set its FY 2026 guidance at 3.350-3.380 EPS. Sell-side analysts predict that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on PLNT shares. KeyCorp assumed coverage on Planet Fitness in a research note on Thursday, March 12th. They set an “overweight” rating and a $100.00 price target on the stock. William Blair reaffirmed an “outperform” rating on shares of Planet Fitness in a research note on Tuesday, January 13th. TD Cowen reissued a “buy” rating on shares of Planet Fitness in a research note on Tuesday, March 10th. Zacks Research downgraded Planet Fitness from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. Finally, Macquarie Infrastructure cut their price target on shares of Planet Fitness from $112.00 to $100.00 and set a “neutral” rating on the stock in a research note on Thursday, January 29th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $116.93.

Planet Fitness 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.