Planet Fitness, Inc. (NYSE:PLNT) Shares Bought by Martin Currie Ltd.

Martin Currie Ltd. lifted its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT) by 53.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,679 shares of the company’s stock after purchasing an additional 1,983 shares during the quarter. Martin Currie Ltd.’s holdings in Planet Fitness were worth $561,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. lifted its holdings in shares of Planet Fitness by 67.4% during the 4th quarter. UMB Bank n.a. now owns 390 shares of the company’s stock worth $39,000 after acquiring an additional 157 shares during the period. R Squared Ltd purchased a new position in Planet Fitness during the fourth quarter worth approximately $39,000. Skandinaviska Enskilda Banken AB publ raised its stake in Planet Fitness by 1,139.5% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company’s stock worth $53,000 after purchasing an additional 490 shares during the period. Beaumont Financial Advisors LLC acquired a new position in shares of Planet Fitness in the 4th quarter valued at $202,000. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Planet Fitness during the 4th quarter valued at $203,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on PLNT. DA Davidson reaffirmed a “neutral” rating and issued a $87.00 target price on shares of Planet Fitness in a research report on Tuesday, January 21st. Piper Sandler raised their price objective on Planet Fitness from $115.00 to $123.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Canaccord Genuity Group initiated coverage on Planet Fitness in a report on Thursday, March 13th. They set a “buy” rating and a $120.00 target price for the company. Macquarie cut their price target on shares of Planet Fitness from $99.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $100.17.

Planet Fitness Trading Down 3.0 %

Planet Fitness stock opened at $96.18 on Friday. Planet Fitness, Inc. has a 52 week low of $57.64 and a 52 week high of $110.00. The stock has a market cap of $8.14 billion, a P/E ratio of 51.71, a price-to-earnings-growth ratio of 2.45 and a beta of 1.54. The stock has a 50 day moving average of $100.46 and a 200-day moving average of $94.73.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.08. The firm had revenue of $340.50 million for the quarter, compared to the consensus estimate of $324.57 million. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The firm’s revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. As a group, equities analysts predict that Planet Fitness, Inc. will post 2.51 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.