DSAM Partners London Ltd lessened its stake in shares of Planet Fitness Inc (NYSE:PLNT) by 38.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 806,473 shares of the company’s stock after selling 502,913 shares during the quarter. Planet Fitness comprises approximately 4.7% of DSAM Partners London Ltd’s holdings, making the stock its 9th largest position. DSAM Partners London Ltd owned about 0.82% of Planet Fitness worth $27,928,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in Planet Fitness by 1,196.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 243,061 shares of the company’s stock valued at $5,673,000 after purchasing an additional 224,311 shares during the period. BlackRock Inc. boosted its stake in Planet Fitness by 108.4% during the 2nd quarter. BlackRock Inc. now owns 4,799,995 shares of the company’s stock valued at $112,033,000 after purchasing an additional 2,496,984 shares during the period. Dai Ichi Life Insurance Company Ltd bought a new stake in Planet Fitness during the 3rd quarter valued at approximately $3,722,000. Renaissance Technologies LLC boosted its stake in Planet Fitness by 7.4% during the 2nd quarter. Renaissance Technologies LLC now owns 799,306 shares of the company’s stock valued at $18,656,000 after purchasing an additional 55,288 shares during the period. Finally, Brown Advisory Inc. bought a new stake in Planet Fitness during the 3rd quarter valued at approximately $427,000.
A number of analysts have commented on PLNT shares. Zacks Investment Research downgraded Planet Fitness from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Imperial Capital raised their price objective on Planet Fitness from $33.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Jefferies Group reissued a “buy” rating and issued a $29.00 target price on shares of Planet Fitness in a report on Thursday, October 19th. DA Davidson initiated coverage on Planet Fitness in a report on Monday, November 20th. They issued a “buy” rating for the company. Finally, Cowen reissued a “buy” rating and issued a $30.00 target price on shares of Planet Fitness in a report on Friday, November 10th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Planet Fitness presently has an average rating of “Buy” and an average price target of $34.00.
Shares of Planet Fitness Inc (NYSE:PLNT) opened at $30.76 on Wednesday. Planet Fitness Inc has a twelve month low of $18.32 and a twelve month high of $35.03. The firm has a market capitalization of $3,079.75, a price-to-earnings ratio of 46.61, a P/E/G ratio of 1.66 and a beta of 0.79. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of -5.00.
In related news, CFO Dorvin D. Lively sold 38,674 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $32.29, for a total transaction of $1,248,783.46. Following the completion of the sale, the chief financial officer now directly owns 38,674 shares of the company’s stock, valued at approximately $1,248,783.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dorvin D. Lively sold 144,557 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were 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 directly 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 have sold a total of 688,674 shares of company stock valued at $22,503,951 over the last ninety days. Insiders own 19.87% of the company’s stock.
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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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