Planet Fitness, Inc. (NYSE:PLNT) Shares Purchased by Amalgamated Bank

Amalgamated Bank boosted its stake in Planet Fitness, Inc. (NYSE:PLNT) by 0.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 57,570 shares of the company’s stock after purchasing an additional 179 shares during the period. Amalgamated Bank owned about 0.07% of Planet Fitness worth $4,203,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in Planet Fitness by 66.8% in the 3rd quarter. American Century Companies Inc. now owns 877,723 shares of the company’s stock valued at $43,166,000 after buying an additional 351,401 shares during the period. Oak Thistle LLC purchased a new position in Planet Fitness in the fourth quarter valued at $389,000. Graham Capital Management L.P. purchased a new position in Planet Fitness in the third quarter valued at $944,000. Pacer Advisors Inc. boosted its holdings in Planet Fitness by 80.4% in the fourth quarter. Pacer Advisors Inc. now owns 12,833 shares of the company’s stock valued at $937,000 after purchasing an additional 5,719 shares during the period. Finally, Diversified Trust Co boosted its holdings in Planet Fitness by 3.4% in the fourth quarter. Diversified Trust Co now owns 20,256 shares of the company’s stock valued at $1,479,000 after purchasing an additional 659 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating and issued a $79.00 target price on shares of Planet Fitness in a report on Monday, April 1st. Stifel Nicolaus decreased their target price on Planet Fitness from $85.00 to $80.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Piper Sandler lifted their target price on Planet Fitness from $88.00 to $89.00 and gave the company an “overweight” rating in a report on Thursday, January 11th. StockNews.com raised Planet Fitness from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price target on Planet Fitness from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Monday, February 26th. Six 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $70.21.

Planet Fitness Trading Down 0.3 %

NYSE PLNT opened at $61.86 on Thursday. The business’s 50 day moving average is $61.42 and its two-hundred day moving average is $65.21. Planet Fitness, Inc. has a 12-month low of $44.13 and a 12-month high of $75.86. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 38.19, a PEG ratio of 1.93 and a beta of 1.37.

Planet Fitness (NYSE:PLNT) last released its earnings results on Thursday, February 22nd. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. Planet Fitness had a negative return on equity of 120.89% and a net margin of 12.91%. The company had revenue of $285.10 million for the quarter, compared to analysts’ expectations of $282.35 million. During the same quarter in the previous year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. Equities analysts forecast that Planet Fitness, Inc. will post 2.48 earnings per share for the current fiscal year.

Planet Fitness 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.