Dimensional Fund Advisors LP grew its holdings in shares of Planet Fitness Inc (NYSE:PLNT) by 39.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,487,613 shares of the company’s stock after purchasing an additional 419,093 shares during the period. Dimensional Fund Advisors LP owned approximately 1.51% of Planet Fitness worth $40,136,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in Planet Fitness by 15.8% during the third quarter. Bank of New York Mellon Corp now owns 6,611,176 shares of the company’s stock worth $178,370,000 after acquiring an additional 902,240 shares during the period. Vanguard Group Inc. grew its holdings in Planet Fitness by 30.2% during the second quarter. Vanguard Group Inc. now owns 6,481,876 shares of the company’s stock worth $151,286,000 after acquiring an additional 1,504,593 shares during the period. BlackRock Inc. grew its holdings in Planet Fitness by 108.4% during the second quarter. BlackRock Inc. now owns 4,799,995 shares of the company’s stock worth $112,033,000 after acquiring an additional 2,496,984 shares during the period. Investec Asset Management LTD acquired a new position in Planet Fitness during the third quarter worth about $115,312,000. Finally, Capital World Investors grew its holdings in Planet Fitness by 15.9% during the second quarter. Capital World Investors now owns 4,123,511 shares of the company’s stock worth $96,243,000 after acquiring an additional 565,225 shares during the period.
In other Planet Fitness news, CEO Christopher Rondeau sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $27.04, for a total transaction of $27,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dorvin D. Lively sold 144,557 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $31.80, for a total value of $4,596,912.60. Following the sale, the chief financial officer now owns 38,674 shares of the company’s stock, valued at $1,229,833.20. The disclosure for this sale can be found here. Insiders sold a total of 1,212,787 shares of company stock worth $37,983,342 in the last three months. 19.87% of the stock is currently owned by company insiders.
A number of research firms recently issued reports on PLNT. Zacks Investment Research lowered Planet Fitness from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Imperial Capital lifted their target price on Planet Fitness from $33.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. BidaskClub lowered Planet Fitness from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Jefferies Group reaffirmed a “buy” rating and set a $29.00 target price on shares of Planet Fitness in a report on Thursday, October 19th. Finally, DA Davidson assumed coverage on Planet Fitness in a report on Monday, November 20th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $34.00.
Shares of Planet Fitness Inc (NYSE:PLNT) traded down $0.06 on Friday, reaching $33.91. The company had a trading volume of 921,062 shares, compared to its average volume of 1,042,585. The stock has a market cap of $3,320.74 and a PE ratio of 51.38. Planet Fitness Inc has a 1 year low of $18.32 and a 1 year high of $35.03. The company has a debt-to-equity ratio of -5.00, a current ratio of 1.57 and a quick ratio of 1.56.
Planet Fitness (NYSE:PLNT) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. The firm had revenue of $97.50 million for the quarter, compared to analysts’ expectations of $93.55 million. Planet Fitness had a negative return on equity of 44.91% and a net margin of 11.44%. Planet Fitness’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. equities analysts anticipate that Planet Fitness Inc will post 0.82 EPS for the current year.
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Planet Fitness Profile
Planet Fitness, Inc is a franchisor and operator of fitness centers in the United States. The Company operates through three segments: Franchise; Corporate-owned stores, and Equipment. The Franchise segment includes operations related to the Company’s franchising business in the United States, Puerto Rico, the Dominican Republic and Canada.
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