AEGON ASSET MANAGEMENT UK Plc Has $17.12 Million Position in Planet Fitness, Inc. (NYSE:PLNT)

AEGON ASSET MANAGEMENT UK Plc increased its holdings in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 13.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 177,180 shares of the company's stock after purchasing an additional 21,584 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.21% of Planet Fitness worth $17,119,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fulton Bank N.A. raised its stake in Planet Fitness by 15.2% during the first quarter. Fulton Bank N.A. now owns 5,100 shares of the company's stock worth $493,000 after acquiring an additional 671 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Planet Fitness by 10,277.5% during the 1st quarter. GAMMA Investing LLC now owns 216,889 shares of the company's stock worth $20,954,000 after purchasing an additional 214,799 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Planet Fitness by 436.5% during the 1st quarter. Versant Capital Management Inc now owns 1,089 shares of the company's stock worth $105,000 after purchasing an additional 886 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Planet Fitness during the 4th quarter worth about $265,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Planet Fitness by 8.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 290,457 shares of the company's stock worth $28,717,000 after buying an additional 22,687 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Macquarie reaffirmed a "neutral" rating and set a $95.00 price objective on shares of Planet Fitness in a report on Tuesday, May 13th. Guggenheim reaffirmed a "buy" rating and set a $110.00 price target on shares of Planet Fitness in a report on Monday, May 12th. Canaccord Genuity Group started coverage on Planet Fitness in a report on Thursday, March 13th. They set a "buy" rating and a $120.00 price target for the company. Morgan Stanley raised their target price on Planet Fitness from $111.00 to $112.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Finally, Roth Mkm restated a "buy" rating and issued a $115.00 target price (up from $110.00) on shares of Planet Fitness in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $105.11.

Planet Fitness Trading Up 0.4%

Shares of NYSE:PLNT traded up $0.42 during trading on Friday, hitting $105.58. 1,175,250 shares of the company's stock were exchanged, compared to its average volume of 1,397,343. The firm has a 50-day moving average price of $98.31 and a two-hundred day moving average price of $99.71. Planet Fitness, Inc. has a 1-year low of $65.23 and a 1-year high of $110.00. The firm has a market cap of $8.89 billion, a P/E ratio of 56.76, a PEG ratio of 2.45 and a beta of 1.33.

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%. The business had revenue of $276.66 million for the quarter, compared to analyst estimates of $279.80 million. During the same period in the prior year, the firm posted $0.53 EPS. Planet Fitness's revenue was up 11.6% on a year-over-year basis. As a group, research analysts predict that Planet Fitness, Inc. will post 2.51 EPS for the current year.

About Planet Fitness

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.