Asset Management One Co. Ltd. Has $62,000 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, HoldingsChannel reports. The institutional investor owned 768 shares of the company’s stock after selling 126 shares during the period. Asset Management One Co. Ltd.’s holdings in Planet Fitness were worth $62,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PLNT. William Blair Investment Management LLC bought a new stake in shares of Planet Fitness during the 2nd quarter worth approximately $166,978,000. Anomaly Capital Management LP acquired a new position in Planet Fitness during the second quarter valued at approximately $106,795,000. Point72 Asset Management L.P. lifted its stake in Planet Fitness by 169.8% during the second quarter. Point72 Asset Management L.P. now owns 1,317,909 shares of the company’s stock worth $96,985,000 after purchasing an additional 829,509 shares during the last quarter. Steadfast Capital Management LP boosted its holdings in shares of Planet Fitness by 97.7% in the 1st quarter. Steadfast Capital Management LP now owns 1,381,860 shares of the company’s stock valued at $86,546,000 after purchasing an additional 682,863 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Planet Fitness by 35.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,859,366 shares of the company’s stock valued at $116,453,000 after purchasing an additional 483,586 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on PLNT. 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. JPMorgan Chase & Co. increased their target price on shares of Planet Fitness from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday. Bank of America raised their price target on shares of Planet Fitness from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, September 6th. BMO Capital Markets reiterated an “outperform” rating and set a $87.00 price objective (up from $80.00) on shares of Planet Fitness in a research report on Wednesday, August 7th. Finally, Morgan Stanley raised their target price on shares of Planet Fitness from $84.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Planet Fitness currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.81.

Planet Fitness Stock Down 0.1 %

Shares of NYSE:PLNT opened at $95.19 on Tuesday. The business has a fifty day simple moving average of $82.03 and a 200 day simple moving average of $75.22. Planet Fitness, Inc. has a 12-month low of $54.35 and a 12-month high of $98.59. The firm has a market cap of $8.11 billion, a P/E ratio of 51.18, a P/E/G ratio of 3.18 and a beta of 1.49.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $283.79 million. During the same period in the previous year, the firm earned $0.59 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts expect that Planet Fitness, Inc. will post 2.47 EPS 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.