7,442 Shares in Planet Fitness, Inc. (NYSE:PLNT) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in shares of Planet Fitness, Inc. (NYSE:PLNT) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 7,442 shares of the company’s stock, valued at approximately $604,000.

A number of other large investors also recently bought and sold shares of the business. iSAM Funds UK Ltd purchased a new position in Planet Fitness during the 3rd quarter valued at about $312,000. State Street Corp increased its stake in Planet Fitness by 1.5% during the 3rd quarter. State Street Corp now owns 2,524,764 shares of the company’s stock valued at $205,061,000 after purchasing an additional 37,236 shares in the last quarter. Quantinno Capital Management LP increased its stake in Planet Fitness by 149.2% during the 3rd quarter. Quantinno Capital Management LP now owns 27,971 shares of the company’s stock valued at $2,272,000 after purchasing an additional 16,748 shares in the last quarter. Quarry LP increased its stake in Planet Fitness by 428.8% during the 3rd quarter. Quarry LP now owns 2,644 shares of the company’s stock valued at $215,000 after purchasing an additional 2,144 shares in the last quarter. Finally, Centiva Capital LP bought a new stake in Planet Fitness during the 3rd quarter valued at about $678,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Planet Fitness Trading Up 0.1 %

PLNT opened at $100.34 on Friday. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 53.95, a PEG ratio of 3.39 and a beta of 1.53. The company’s 50 day moving average is $90.30 and its 200 day moving average is $81.23. Planet Fitness, Inc. has a 12-month low of $54.35 and a 12-month high of $102.88.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.07. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The business had revenue of $292.20 million for the quarter, compared to the consensus estimate of $283.79 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, analysts predict that Planet Fitness, Inc. will post 2.5 EPS for the current fiscal year.

Insider Buying and Selling at Planet Fitness

In other Planet Fitness news, insider Jennifer Simmons sold 11,453 shares of Planet Fitness stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $96.20, for a total transaction of $1,101,778.60. Following the transaction, the insider now owns 19,110 shares of the company’s stock, valued at $1,838,382. The trade was a 37.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.94% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on PLNT. Stifel Nicolaus raised their price objective on shares of Planet Fitness from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. DA Davidson raised their price objective on shares of Planet Fitness from $70.00 to $87.00 and gave the company a “neutral” rating in a research note on Friday, November 29th. Bank of America lifted their price target on shares of Planet Fitness from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Royal Bank of Canada lifted their price target on shares of Planet Fitness from $87.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Raymond James lifted their price target on shares of Planet Fitness from $92.00 to $110.00 and gave the stock a “strong-buy” rating in a research note on Friday, November 8th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Planet Fitness currently has an average rating of “Moderate Buy” and an average target price of $93.38.

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.