Planet Fitness, Inc. (NYSE:PLNT) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its holdings in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 53.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,293 shares of the company's stock after selling 8,478 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Planet Fitness were worth $721,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. R Squared Ltd bought a new position in Planet Fitness during the 4th quarter valued at about $39,000. CoreCap Advisors LLC boosted its position in Planet Fitness by 1,250.0% in the 4th quarter. CoreCap Advisors LLC now owns 486 shares of the company's stock valued at $48,000 after buying an additional 450 shares during the period. Proficio Capital Partners LLC purchased a new stake in Planet Fitness in the 4th quarter valued at about $51,000. Skandinaviska Enskilda Banken AB publ boosted its position in Planet Fitness by 1,139.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company's stock valued at $53,000 after buying an additional 490 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in Planet Fitness in the 4th quarter valued at about $57,000. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PLNT. Royal Bank of Canada reissued an "outperform" rating and issued a $120.00 price objective on shares of Planet Fitness in a research report on Monday, February 24th. Stifel Nicolaus set a $120.00 price target on shares of Planet Fitness and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Morgan Stanley upped their price target on shares of Planet Fitness from $111.00 to $112.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Guggenheim reaffirmed a "buy" rating and issued a $110.00 price target on shares of Planet Fitness in a research report on Monday, May 12th. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $115.00 price target (up previously from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $105.11.

Planet Fitness Price Performance

PLNT traded down $0.21 during trading on Friday, reaching $102.82. 1,370,041 shares of the company's stock were exchanged, compared to its average volume of 1,401,397. Planet Fitness, Inc. has a 1 year low of $62.42 and a 1 year high of $110.00. The stock has a market capitalization of $8.66 billion, a P/E ratio of 55.28, a price-to-earnings-growth ratio of 2.45 and a beta of 1.33. The company's fifty day simple moving average is $97.55 and its 200-day simple moving average is $99.45.

Planet Fitness (NYSE:PLNT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.59 earnings per share 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 during the quarter, compared to analyst estimates of $279.80 million. During the same quarter in the previous year, the company earned $0.53 EPS. The firm's revenue was up 11.6% compared to the same quarter last year. Equities analysts forecast that Planet Fitness, Inc. will post 2.51 EPS for the current year.

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.