International Assets Investment Management LLC Acquires 5,248 Shares of Planet Fitness, Inc. (NYSE:PLNT)

International Assets Investment Management LLC grew its holdings in Planet Fitness, Inc. (NYSE:PLNT) by 886.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,840 shares of the company’s stock after purchasing an additional 5,248 shares during the period. International Assets Investment Management LLC’s holdings in Planet Fitness were worth $426,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Planet Fitness during the 4th quarter valued at $47,000. CWM LLC boosted its holdings in shares of Planet Fitness by 109.5% during the 3rd quarter. CWM LLC now owns 1,460 shares of the company’s stock valued at $72,000 after acquiring an additional 763 shares in the last quarter. Covestor Ltd boosted 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 valued at $72,000 after acquiring an additional 238 shares in the last quarter. Asset Management One Co. Ltd. boosted 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 valued at $73,000 after acquiring an additional 148 shares in the last quarter. Finally, Larson Financial Group LLC acquired a new stake in shares of Planet Fitness during the 3rd quarter valued at $182,000. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

PLNT has been the topic of several recent research reports. StockNews.com raised Planet Fitness from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Piper Sandler lifted their target price on Planet Fitness from $88.00 to $89.00 and gave the stock an “overweight” rating in a report on Thursday, January 11th. Royal Bank of Canada lifted their target price on Planet Fitness from $74.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. DA Davidson reaffirmed a “neutral” rating and set a $62.00 target price on shares of Planet Fitness in a report on Monday, February 5th. Finally, JPMorgan Chase & Co. cut their target price on Planet Fitness from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Monday, February 26th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.00.

Planet Fitness Price Performance

Shares of NYSE:PLNT opened at $59.88 on Friday. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of 36.96, a P/E/G ratio of 1.97 and a beta of 1.39. The business’s 50-day moving average is $62.30 and its 200-day moving average is $64.64. Planet Fitness, Inc. has a 1 year low of $44.13 and a 1 year high of $84.48.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $285.10 million for the quarter, compared to the consensus estimate of $282.35 million. Planet Fitness had a negative return on equity of 120.89% and a net margin of 12.91%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. Analysts anticipate that Planet Fitness, Inc. will post 2.48 EPS for the current year.

Planet Fitness Company 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.