Asset Management One Co. Ltd. Has $62,000 Stock Holdings in Planet Fitness, Inc. (NYSE:PLNT)

Asset Management One Co. Ltd. trimmed its position in shares of Planet Fitness, Inc. (NYSE:PLNT) by 14.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 768 shares of the company’s stock after selling 126 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Planet Fitness were worth $62,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PLNT. GAMMA Investing LLC lifted its holdings in Planet Fitness by 478.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $28,000 after acquiring an additional 316 shares in the last quarter. LRI Investments LLC raised its position in shares of Planet Fitness by 61.2% during the second quarter. LRI Investments LLC now owns 403 shares of the company’s stock worth $30,000 after purchasing an additional 153 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of Planet Fitness by 69.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 489 shares of the company’s stock valued at $40,000 after purchasing an additional 201 shares in the last quarter. Quarry LP grew its position in shares of Planet Fitness by 174.7% in the 2nd quarter. Quarry LP now owns 500 shares of the company’s stock valued at $37,000 after purchasing an additional 318 shares during the period. Finally, Dnca Finance bought a new stake in Planet Fitness during the 2nd quarter worth approximately $82,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on PLNT shares. Macquarie reaffirmed a “neutral” rating and issued a $99.00 price target (up previously from $91.00) on shares of Planet Fitness in a research note on Friday. Bank of America boosted their price objective on shares of Planet Fitness from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Stifel Nicolaus increased their target price on Planet Fitness from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Royal Bank of Canada boosted their price target on Planet Fitness from $87.00 to $110.00 and gave the company an “outperform” rating in a report on Friday. Finally, Raymond James upped their price objective on Planet Fitness from $92.00 to $110.00 and gave the stock a “strong-buy” rating in a research report on Friday. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.81.

Planet Fitness Stock Performance

Shares of NYSE:PLNT opened at $95.19 on Tuesday. Planet Fitness, Inc. has a 52-week low of $54.35 and a 52-week high of $98.59. The company has a market capitalization of $8.11 billion, a P/E ratio of 51.18, a price-to-earnings-growth ratio of 3.18 and a beta of 1.49. The company has a 50-day simple moving average of $82.03 and a 200 day simple moving average of $75.22.

Planet Fitness (NYSE:PLNT) last issued its earnings results on Thursday, November 7th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.57 by $0.07. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The company had revenue of $292.20 million during the quarter, compared to the consensus estimate of $283.79 million. During the same period in the previous year, the company posted $0.59 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities analysts forecast that Planet Fitness, Inc. will post 2.47 earnings per share for the current year.

About Planet Fitness

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.