Planet Fitness, Inc. (NYSE:PLNT) Shares Acquired by Algert Global LLC

Algert Global LLC boosted its stake in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 118.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,192 shares of the company's stock after acquiring an additional 34,228 shares during the quarter. Algert Global LLC owned about 0.07% of Planet Fitness worth $6,248,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. R Squared Ltd purchased a new position in Planet Fitness in the fourth quarter valued at about $39,000. UMB Bank n.a. raised its position in shares of Planet Fitness by 67.4% in the 4th quarter. UMB Bank n.a. now owns 390 shares of the company's stock valued at $39,000 after purchasing an additional 157 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Planet Fitness during the 4th quarter valued at approximately $51,000. Skandinaviska Enskilda Banken AB publ grew its position in shares of 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 buying an additional 490 shares in the last quarter. Finally, Beaumont Financial Advisors LLC bought a new stake in shares of Planet Fitness in the fourth quarter worth $202,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Planet Fitness Trading Down 3.6 %

Planet Fitness stock traded down $3.54 during midday trading on Friday, reaching $93.54. 2,089,448 shares of the stock traded hands, compared to its average volume of 1,406,956. Planet Fitness, Inc. has a fifty-two week low of $60.56 and a fifty-two week high of $110.00. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 50.29, a PEG ratio of 2.45 and a beta of 1.33. The firm has a fifty day moving average price of $96.30 and a two-hundred day moving average price of $97.75.

Planet Fitness (NYSE:PLNT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.03). Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The business had revenue of $276.66 million for the quarter, compared to analyst estimates of $279.80 million. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The business's quarterly revenue was up 11.6% on a year-over-year basis. Analysts anticipate that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

PLNT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Planet Fitness from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Guggenheim lifted their price target on Planet Fitness from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, April 14th. DA Davidson restated a "neutral" rating and set a $87.00 price objective on shares of Planet Fitness in a research note on Tuesday, January 21st. Macquarie decreased their target price on Planet Fitness from $99.00 to $95.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Finally, Stifel Nicolaus lowered their price target on Planet Fitness from $90.00 to $82.00 and set a "hold" rating for the company in a report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $103.00.

Planet Fitness Company 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.