Blair William & Co. IL Purchases 31,038 Shares of Planet Fitness, Inc. $PLNT

Key Points

• Blair William & Co. IL increased its stake in Planet Fitness by 24.5%, acquiring 31,038 shares to bring their total holdings to 157,891 shares worth approximately $17.2 million.
• Planet Fitness reported quarterly earnings of $0.86 EPS, exceeding analysts' expectations of $0.79 and marking a 13.3% increase in revenue year-over-year.
• The stock has a market capitalization of $7.89 billion and currently holds an average rating of "Moderate Buy" from analysts, with a consensus price target of $111.54.

Blair William & Co. IL raised its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 24.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 157,891 shares of the company's stock after acquiring an additional 31,038 shares during the period. Blair William & Co. IL owned about 0.19% of Planet Fitness worth $17,218,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Game Plan Financial Advisors LLC purchased a new stake in shares of Planet Fitness in the 2nd quarter valued at $25,000. Vontobel Holding Ltd. purchased a new stake in Planet Fitness during the second quarter valued at about $626,000. KLP Kapitalforvaltning AS grew its stake in shares of Planet Fitness by 10.9% during the second quarter. KLP Kapitalforvaltning AS now owns 19,400 shares of the company's stock valued at $2,116,000 after buying an additional 1,900 shares during the last quarter. Lecap Asset Management Ltd. purchased a new position in shares of Planet Fitness in the second quarter worth about $483,000. Finally, Ninety One SA PTY Ltd lifted its stake in shares of Planet Fitness by 7.9% in the 2nd quarter. Ninety One SA PTY Ltd now owns 45,118 shares of the company's stock valued at $4,913,000 after acquiring an additional 3,300 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Planet Fitness Stock Down 0.7%

Shares of PLNT stock opened at $93.65 on Friday. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of 41.62, a PEG ratio of 2.10 and a beta of 1.38. The stock has a fifty day moving average of $103.40 and a 200 day moving average of $102.73. Planet Fitness, Inc. has a 52 week low of $77.77 and a 52 week high of $114.47.

Planet Fitness (NYSE:PLNT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.07. Planet Fitness had a net margin of 15.11% and a negative return on equity of 110.18%. The business had revenue of $340.88 million for the quarter, compared to the consensus estimate of $329.59 million. During the same period in the previous year, the firm earned $0.71 EPS. The company's quarterly revenue was up 13.3% compared to the same quarter last year. Equities research analysts anticipate that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings restated a "buy (b-)" rating on shares of Planet Fitness in a research report on Wednesday. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Planet Fitness in a research note on Thursday, August 7th. Jefferies Financial Group reissued a "buy" rating on shares of Planet Fitness in a research report on Wednesday, September 24th. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $126.00 price target on shares of Planet Fitness in a report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $111.54.

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.

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