Fiera Capital Corp Increases Stock Holdings in Planet Fitness, Inc. $PLNT

Fiera Capital Corp grew its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT) by 32.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 427,517 shares of the company’s stock after purchasing an additional 105,851 shares during the period. Fiera Capital Corp owned about 0.51% of Planet Fitness worth $46,373,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Citigroup Inc. increased its stake in Planet Fitness by 101.0% during the 3rd quarter. Citigroup Inc. now owns 29,461 shares of the company’s stock worth $3,058,000 after buying an additional 14,805 shares during the period. Pelham Capital Ltd. acquired a new stake in Planet Fitness during the 3rd quarter worth approximately $12,841,000. Burney Co. purchased a new position in Planet Fitness in the 4th quarter valued at approximately $2,221,000. Impax Asset Management Group plc boosted its position in Planet Fitness by 22.0% in the 3rd quarter. Impax Asset Management Group plc now owns 194,271 shares of the company’s stock valued at $20,165,000 after buying an additional 35,000 shares during the period. Finally, Fred Alger Management LLC grew its stake in shares of Planet Fitness by 5.4% in the third quarter. Fred Alger Management LLC now owns 503,101 shares of the company’s stock worth $52,222,000 after acquiring an additional 25,719 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PLNT. Stifel Nicolaus reduced their price objective on Planet Fitness from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Weiss Ratings cut Planet Fitness from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Piper Sandler downgraded Planet Fitness from an “overweight” rating to a “neutral” rating in a report on Friday, February 27th. Jefferies Financial Group set a $133.00 price target on Planet Fitness in a research report on Thursday, May 7th. Finally, Morgan Stanley cut Planet Fitness from an “overweight” rating to an “equal weight” rating and set a $47.00 price objective for the company. in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Planet Fitness has an average rating of “Moderate Buy” and a consensus price target of $77.81.

Insider Buying and Selling

In other news, Director Frances G. Rathke purchased 5,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were bought at an average price of $46.21 per share, with a total value of $231,050.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at approximately $231,050. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is currently owned by company insiders.

Planet Fitness Price Performance

NYSE PLNT opened at $50.77 on Tuesday. The company has a fifty day moving average of $61.66 and a two-hundred day moving average of $83.91. The company has a market capitalization of $4.03 billion, a PE ratio of 18.33, a P/E/G ratio of 1.10 and a beta of 1.04. Planet Fitness, Inc. has a 1 year low of $37.03 and a 1 year high of $114.47.

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

Planet Fitness 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.