OP Asset Management Ltd Takes $852,000 Position in Planet Fitness, Inc. $PLNT

OP Asset Management Ltd bought a new position in Planet Fitness, Inc. (NYSE:PLNT) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,457 shares of the company’s stock, valued at approximately $852,000.

Other hedge funds also recently bought and sold shares of the company. MML Investors Services LLC lifted its holdings in Planet Fitness by 1.3% in the 4th quarter. MML Investors Services LLC now owns 9,811 shares of the company’s stock worth $1,064,000 after buying an additional 122 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Planet Fitness by 0.5% during the third quarter. Public Employees Retirement System of Ohio now owns 26,627 shares of the company’s stock valued at $2,764,000 after buying an additional 123 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Planet Fitness by 2.8% during the third quarter. Crossmark Global Holdings Inc. now owns 5,963 shares of the company’s stock valued at $619,000 after buying an additional 163 shares during the period. Coldstream Capital Management Inc. raised its holdings in shares of Planet Fitness by 4.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,782 shares of the company’s stock valued at $410,000 after acquiring an additional 168 shares in the last quarter. Finally, Clearstead Advisors LLC raised its holdings in shares of Planet Fitness by 135.9% during the fourth quarter. Clearstead Advisors LLC now owns 335 shares of the company’s stock valued at $36,000 after acquiring an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Insider Buying and Selling at Planet Fitness

In other Planet Fitness news, Director Frances G. Rathke bought 5,000 shares of the stock in a transaction dated Friday, May 8th. The stock was purchased at an average cost of $46.21 per share, for a total transaction of $231,050.00. Following the completion of the acquisition, the director owned 5,000 shares of the company’s stock, valued at approximately $231,050. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.90% of the company’s stock.

Planet Fitness Trading Down 2.2%

Shares of PLNT stock opened at $51.57 on Tuesday. The company’s fifty day moving average price is $55.30 and its 200-day moving average price is $77.81. The stock has a market cap of $4.10 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 1.15 and a beta of 1.04. Planet Fitness, Inc. has a 12 month low of $37.03 and a 12 month high of $114.47.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.11. Planet Fitness had a net margin of 16.52% and a negative return on equity of 81.29%. The company had revenue of $337.24 million during the quarter, compared to analyst estimates of $298.60 million. During the same period last year, the business earned $0.59 EPS. Planet Fitness’s quarterly revenue was up 21.9% compared to the same quarter last year. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. On average, sell-side analysts forecast that Planet Fitness, Inc. will post 3.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PLNT has been the subject of several research analyst reports. KGI Securities cut shares of Planet Fitness to a “neutral” rating and set a $50.50 target price for the company. in a research report on Friday, May 8th. UBS Group decreased their price target on shares of Planet Fitness from $120.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, May 15th. TD Cowen restated a “hold” rating on shares of Planet Fitness in a report on Friday, May 29th. Guggenheim cut their price objective on Planet Fitness from $126.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Wells Fargo & Company cut their price objective on Planet Fitness from $80.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.81.

Planet Fitness Company Profile

Planet Fitness, Inc is a franchisor and operator of fitness centers based in Hampton, New Hampshire. Established in 1992, the company designs and equips its clubs to offer a non-intimidating workout environment, often marketed under its “Judgment Free Zone” philosophy. Planet Fitness markets affordable membership plans and a variety of cardio and strength-training equipment, positioning itself to attract casual and first-time gym users.

The company operates through a network of franchised and company-owned clubs.