Voya Investment Management LLC Has $29.91 Million Position in Planet Fitness, Inc. (NYSE:PLNT)
Voya Investment Management LLC lifted its position in shares of Planet Fitness, Inc. (NYSE:PLNT – Get Rating) by 43.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 379,572 shares of the company’s stock after buying an additional 114,661 shares during the period. Voya Investment Management LLC owned about 0.42% of Planet Fitness worth $29,910,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. raised its holdings in Planet Fitness by 0.9% during the third quarter. BlackRock Inc. now owns 8,723,313 shares of the company’s stock worth $502,985,000 after acquiring an additional 80,705 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Planet Fitness by 6.7% during the third quarter. Alliancebernstein L.P. now owns 3,021,165 shares of the company’s stock worth $174,200,000 after acquiring an additional 190,817 shares in the last quarter. Amundi raised its holdings in Planet Fitness by 12.9% during the fourth quarter. Amundi now owns 2,520,924 shares of the company’s stock worth $212,257,000 after acquiring an additional 288,762 shares in the last quarter. Bares Capital Management Inc. raised its holdings in Planet Fitness by 2.4% during the fourth quarter. Bares Capital Management Inc. now owns 2,063,152 shares of the company’s stock worth $162,576,000 after acquiring an additional 48,955 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in Planet Fitness by 36.1% during the fourth quarter. Eagle Asset Management Inc. now owns 2,017,874 shares of the company’s stock worth $157,696,000 after acquiring an additional 534,869 shares in the last quarter. Institutional investors own 95.82% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on PLNT. StockNews.com began coverage on Planet Fitness in a report on Thursday, May 18th. They set a “hold” rating on the stock. Piper Sandler upped their price objective on Planet Fitness from $96.00 to $98.00 and gave the company an “overweight” rating in a research note on Monday, April 10th. Morgan Stanley upped their price objective on Planet Fitness from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, February 27th. Royal Bank of Canada assumed coverage on Planet Fitness in a research note on Friday, May 19th. They issued an “outperform” rating and a $86.00 price objective on the stock. Finally, DA Davidson dropped their price objective on Planet Fitness from $87.00 to $67.00 in a research note on Monday, May 8th. Four equities research 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $86.67.
Planet Fitness Trading Up 1.0 %
Planet Fitness stock opened at $70.66 on Tuesday. Planet Fitness, Inc. has a 12 month low of $54.15 and a 12 month high of $85.90. The stock’s 50 day moving average is $71.92 and its 200-day moving average is $76.52. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 56.53, a PEG ratio of 1.29 and a beta of 1.31.
Planet Fitness (NYSE:PLNT – Get Rating) last posted its earnings results on Thursday, May 4th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.05). Planet Fitness had a net margin of 10.86% and a negative return on equity of 73.81%. The firm had revenue of $222.23 million during the quarter, compared to analyst estimates of $238.30 million. During the same period in the previous year, the company posted $0.32 EPS. Planet Fitness’s revenue for the quarter was up 19.0% compared to the same quarter last year. As a group, equities research analysts predict that Planet Fitness, Inc. will post 2.16 earnings per share for the current fiscal 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 Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.
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