Advisors Asset Management Inc. Has $1.02 Million Stock Holdings in Planet Fitness, Inc. (NYSE:PLNT)
Advisors Asset Management Inc. lessened its stake in shares of Planet Fitness, Inc. (NYSE:PLNT – Get Rating) by 16.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,695 shares of the company’s stock after selling 3,527 shares during the period. Advisors Asset Management Inc.’s holdings in Planet Fitness were worth $1,020,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLNT. Edmond DE Rothschild Holding S.A. lifted its position in Planet Fitness by 4.4% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 3,447 shares of the company’s stock worth $234,000 after purchasing an additional 145 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Planet Fitness by 13.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,332 shares of the company’s stock valued at $112,000 after buying an additional 157 shares in the last quarter. Truist Financial Corp increased its stake in shares of Planet Fitness by 0.6% in the third quarter. Truist Financial Corp now owns 38,704 shares of the company’s stock valued at $2,231,000 after buying an additional 215 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Planet Fitness by 23.0% in the first quarter. Captrust Financial Advisors now owns 1,172 shares of the company’s stock valued at $99,000 after buying an additional 219 shares in the last quarter. Finally, Cibc World Market Inc. increased its stake in shares of Planet Fitness by 3.3% in the second quarter. Cibc World Market Inc. now owns 8,392 shares of the company’s stock valued at $571,000 after buying an additional 267 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on PLNT shares. Raymond James raised their target price on Planet Fitness from $84.00 to $92.00 in a report on Wednesday, November 16th. Piper Sandler boosted their target price on Planet Fitness from $79.00 to $93.00 and gave the stock an “overweight” rating in a report on Thursday, December 22nd. Stifel Nicolaus boosted their target price on Planet Fitness from $82.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, January 13th. DA Davidson boosted their price target on Planet Fitness from $90.00 to $99.00 and gave the company a “buy” rating in a research note on Friday, November 11th. Finally, Cowen boosted their price target on Planet Fitness from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, November 16th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned 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 $93.77.
Planet Fitness Stock Up 1.4 %
PLNT stock opened at $82.45 on Tuesday. Planet Fitness, Inc. has a twelve month low of $54.15 and a twelve month high of $96.44. The stock’s 50 day moving average is $80.00 and its 200-day moving average is $72.80. The firm has a market capitalization of $7.38 billion, a PE ratio of 98.16, a P/E/G ratio of 1.25 and a beta of 1.26.
Planet Fitness Profile
Planet Fitness, Inc engages in the operation and franchising of fitness centers. It operates through the following segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment includes operations related to the company’s franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, Panama, Mexico, and Australia.
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