Planet Fitness, Inc. (NYSE:PLNT) Shares Bought by Barclays PLC

Barclays PLC grew its holdings in shares of Planet Fitness, Inc. (NYSE:PLNTFree Report) by 66.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 96,994 shares of the company’s stock after purchasing an additional 38,891 shares during the quarter. Barclays PLC owned approximately 0.11% of Planet Fitness worth $4,770,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Rockefeller Capital Management L.P. increased its holdings in shares of Planet Fitness by 93.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 456 shares of the company’s stock valued at $35,000 after purchasing an additional 220 shares during the last quarter. Quarry LP purchased a new position in shares of Planet Fitness during the 1st quarter worth $38,000. International Assets Investment Management LLC acquired a new position in shares of Planet Fitness during the 3rd quarter valued at about $27,000. CWM LLC grew its holdings in shares of Planet Fitness by 52.9% in the second quarter. CWM LLC now owns 697 shares of the company’s stock valued at $47,000 after purchasing an additional 241 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Planet Fitness during the second quarter worth about $57,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PLNT. StockNews.com raised shares of Planet Fitness from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. Stifel Nicolaus lifted their target price on Planet Fitness from $72.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, January 19th. Morgan Stanley increased their price target on Planet Fitness from $65.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. Royal Bank of Canada boosted their price objective on shares of Planet Fitness from $68.00 to $74.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $62.00 target price on shares of Planet Fitness in a research note on Monday, February 5th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.69.

View Our Latest Stock Analysis on Planet Fitness

Insider Activity

In other Planet Fitness news, CEO Craig R. Benson bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were purchased at an average price of $68.15 per share, with a total value of $681,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 35,000 shares of the company’s stock, valued at approximately $2,385,250. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Planet Fitness news, CEO Craig R. Benson purchased 10,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was purchased at an average cost of $68.15 per share, with a total value of $681,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 35,000 shares of the company’s stock, valued at approximately $2,385,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher Rondeau sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $66.55, for a total transaction of $66,550,000.00. The disclosure for this sale can be found here. Company insiders own 5.94% of the company’s stock.

Planet Fitness Price Performance

PLNT stock opened at $70.04 on Friday. The business’s 50-day moving average is $71.30 and its two-hundred day moving average is $62.62. The firm has a market capitalization of $6.17 billion, a P/E ratio of 43.50, a P/E/G ratio of 1.38 and a beta of 1.44. Planet Fitness, Inc. has a 1 year low of $44.13 and a 1 year high of $84.66.

Planet Fitness (NYSE:PLNTGet Free Report) last issued its earnings results on Tuesday, November 7th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.04. Planet Fitness had a net margin of 12.80% and a negative return on equity of 102.85%. The firm had revenue of $277.60 million for the quarter, compared to analysts’ expectations of $268.18 million. During the same quarter last year, the company earned $0.42 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. On average, analysts expect that Planet Fitness, Inc. will post 2.21 EPS for the current year.

Planet Fitness Profile

(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 Franchise segment 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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