Public Employees Retirement System of Ohio Decreases Stake in Planet Fitness, Inc. (NYSE:PLNT)

Public Employees Retirement System of Ohio reduced its stake in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 8.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 29,621 shares of the company's stock after selling 2,591 shares during the period. Public Employees Retirement System of Ohio's holdings in Planet Fitness were worth $2,929,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. R Squared Ltd acquired a new stake in Planet Fitness during the fourth quarter worth 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 worth $48,000 after purchasing an additional 450 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Planet Fitness by 1,139.5% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company's stock worth $53,000 after purchasing an additional 490 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Planet Fitness during the 4th quarter worth approximately $57,000. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Planet Fitness during the 4th quarter valued at approximately $203,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Morgan Stanley raised their price target on shares of Planet Fitness from $111.00 to $112.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Guggenheim restated a "buy" rating and set a $110.00 target price on shares of Planet Fitness in a research report on Monday, May 12th. Stifel Nicolaus set a $120.00 price target on Planet Fitness and gave the stock a "buy" rating in a report on Thursday, May 22nd. Canaccord Genuity Group initiated coverage on Planet Fitness in a research report on Thursday, March 13th. They set a "buy" rating and a $120.00 price target on the stock. Finally, BMO Capital Markets boosted their price objective on Planet Fitness from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, March 31st. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $105.11.

Planet Fitness Price Performance

Shares of PLNT stock traded up $2.41 during trading hours on Monday, hitting $105.24. The company had a trading volume of 1,075,877 shares, compared to its average volume of 1,400,090. The stock has a market capitalization of $8.86 billion, a PE ratio of 56.58, a price-to-earnings-growth ratio of 2.45 and a beta of 1.33. Planet Fitness, Inc. has a fifty-two week low of $62.42 and a fifty-two week high of $110.00. The company's fifty day moving average is $97.55 and its 200 day moving average is $99.45.

Planet Fitness (NYSE:PLNT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.03). The firm had revenue of $276.66 million during the quarter, compared to analysts' expectations of $279.80 million. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. Planet Fitness's quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. Equities analysts forecast that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

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.