Universal Beteiligungs und Servicegesellschaft mbH Makes New $3.87 Million Investment in Planet Fitness, Inc. (NYSE:PLNT)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 40,100 shares of the company's stock, valued at approximately $3,874,000.

Other large investors also recently made changes to their positions in the company. IFP Advisors Inc boosted its holdings in Planet Fitness by 3,783.9% in the first quarter. IFP Advisors Inc now owns 1,204 shares of the company's stock valued at $116,000 after acquiring an additional 1,173 shares during the last quarter. Csenge Advisory Group bought a new position in Planet Fitness in the first quarter valued at about $596,000. Fortis Group Advisors LLC boosted its holdings in Planet Fitness by 26.5% in the first quarter. Fortis Group Advisors LLC now owns 4,045 shares of the company's stock valued at $391,000 after acquiring an additional 847 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in Planet Fitness by 25.5% in the first quarter. Verdence Capital Advisors LLC now owns 3,805 shares of the company's stock valued at $368,000 after acquiring an additional 772 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Planet Fitness by 304.2% in the first quarter. Victory Capital Management Inc. now owns 64,294 shares of the company's stock valued at $6,211,000 after acquiring an additional 48,389 shares during the last quarter. Institutional investors own 95.53% of the company's stock.

Planet Fitness Price Performance

Shares of PLNT stock traded down $1.00 during trading hours on Friday, reaching $108.19. The company had a trading volume of 461,446 shares, compared to its average volume of 1,490,167. Planet Fitness, Inc. has a 12 month low of $68.75 and a 12 month high of $114.47. The business has a fifty day simple moving average of $107.26 and a 200-day simple moving average of $101.84. The company has a market cap of $9.11 billion, a price-to-earnings ratio of 51.00, a price-to-earnings-growth ratio of 2.48 and a beta of 1.33.

Planet Fitness (NYSE:PLNT - Get Free Report) last issued its quarterly 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). The business had revenue of $276.66 million for the quarter, compared to analysts' expectations of $279.80 million. Planet Fitness had a net margin of 14.84% and a negative return on equity of 88.70%. The business's revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 earnings per share. On average, equities research analysts expect that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on PLNT. Morgan Stanley raised their price target on Planet Fitness from $111.00 to $112.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Macquarie reaffirmed a "neutral" rating and set a $95.00 price target on shares of Planet Fitness in a research report on Tuesday, May 13th. Guggenheim reaffirmed a "buy" rating and set a $110.00 price target on shares of Planet Fitness in a research report on Monday, May 12th. Canaccord Genuity Group set a $126.00 target price on Planet Fitness and gave the company a "buy" rating in a research report on Thursday, June 12th. Finally, Stifel Nicolaus set a $120.00 price target on Planet Fitness and gave the company a "buy" rating in a research note on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $106.63.

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.