Axa S.A. Reduces Stock Position in Planet Fitness, Inc. (NYSE:PLNT)

AXA S.A. lowered its position in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 684,283 shares of the company's stock after selling 21,874 shares during the quarter. AXA S.A. owned 0.81% of Planet Fitness worth $67,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in PLNT. Corient Private Wealth LLC lifted its stake in shares of Planet Fitness by 2.1% in the 4th quarter. Corient Private Wealth LLC now owns 4,623 shares of the company's stock valued at $457,000 after purchasing an additional 94 shares during the period. Cetera Trust Company N.A boosted its holdings in shares of Planet Fitness by 5.2% during the 4th quarter. Cetera Trust Company N.A now owns 2,710 shares of the company's stock worth $268,000 after buying an additional 135 shares in the last quarter. UMB Bank n.a. grew its position 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 buying an additional 157 shares during the period. Truist Financial Corp increased its stake in shares of Planet Fitness by 1.3% in the 4th quarter. Truist Financial Corp now owns 12,632 shares of the company's stock valued at $1,249,000 after acquiring an additional 161 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Planet Fitness by 10.1% during the 4th quarter. GAMMA Investing LLC now owns 2,090 shares of the company's stock worth $207,000 after purchasing an additional 192 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Planet Fitness Stock Down 6.4 %

Shares of NYSE:PLNT traded down $6.47 during midday trading on Thursday, reaching $95.26. The company's stock had a trading volume of 2,515,403 shares, compared to its average volume of 1,414,956. The firm has a 50 day moving average of $96.25 and a 200-day moving average of $97.41. The firm has a market capitalization of $8.07 billion, a P/E ratio of 51.22, a PEG ratio of 2.45 and a beta of 1.33. Planet Fitness, Inc. has a 12-month low of $59.16 and a 12-month high of $110.00.

Planet Fitness (NYSE:PLNT - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.03). Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. Planet Fitness's quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 earnings per share. On average, research analysts predict that Planet Fitness, Inc. will post 2.51 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $120.00 price target on shares of Planet Fitness in a research report on Monday, February 24th. Roth Mkm reiterated a "buy" rating and set a $115.00 price target (up from $110.00) on shares of Planet Fitness in a report on Wednesday, February 26th. DA Davidson restated a "neutral" rating and set a $87.00 price target on shares of Planet Fitness in a research note on Tuesday, January 21st. Stifel Nicolaus dropped their price objective on shares of Planet Fitness from $90.00 to $82.00 and set a "hold" rating on the stock in a report on Friday, February 28th. Finally, BMO Capital Markets raised their price target on Planet Fitness from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, March 31st. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Planet Fitness presently has a consensus rating of "Moderate Buy" and an average target price of $101.72.

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.