Penserra Capital Management LLC Purchases 7,029 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Penserra Capital Management LLC raised its position in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 69.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,174 shares of the company's stock after purchasing an additional 7,029 shares during the quarter. Penserra Capital Management LLC's holdings in Planet Fitness were worth $1,658,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PLNT. First Horizon Advisors Inc. lifted its holdings in shares of Planet Fitness by 187.6% in the first quarter. First Horizon Advisors Inc. now owns 371 shares of the company's stock valued at $36,000 after purchasing an additional 242 shares in the last quarter. CoreCap Advisors LLC increased its position in Planet Fitness by 1,250.0% during the fourth quarter. CoreCap Advisors LLC now owns 486 shares of the company's stock worth $48,000 after buying an additional 450 shares during the last quarter. Farther Finance Advisors LLC increased its position in Planet Fitness by 291.0% during the first quarter. Farther Finance Advisors LLC now owns 520 shares of the company's stock worth $50,000 after buying an additional 387 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Planet Fitness during the fourth quarter worth $51,000. Finally, Skandinaviska Enskilda Banken AB publ grew its position in shares of Planet Fitness by 1,139.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company's stock valued at $53,000 after purchasing an additional 490 shares during the last quarter. 95.53% of the stock is owned by institutional investors.

Planet Fitness Trading Up 2.6%

Shares of PLNT stock traded up $2.77 on Thursday, hitting $108.34. The stock had a trading volume of 1,355,506 shares, compared to its average volume of 1,386,825. Planet Fitness, Inc. has a twelve month low of $68.75 and a twelve month high of $110.95. The firm has a market cap of $9.12 billion, a P/E ratio of 51.10, a PEG ratio of 2.34 and a beta of 1.33. The company has a fifty day moving average price of $103.67 and a two-hundred day moving average price of $100.72.

Planet Fitness (NYSE:PLNT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.03). Planet Fitness had a net margin of 14.84% and a negative return on equity of 88.70%. The company had revenue of $276.66 million during the quarter, compared to the consensus estimate of $279.80 million. During the same period in the prior year, the firm posted $0.53 earnings per share. The company's revenue was up 11.6% compared to the same quarter last year. On average, analysts expect that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PLNT shares. BMO Capital Markets raised their price target on Planet Fitness from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, March 31st. Guggenheim restated a "buy" rating and set a $110.00 price target on shares of Planet Fitness in a research note on Monday, May 12th. Canaccord Genuity Group set a $126.00 target price on shares of Planet Fitness and gave the company a "buy" rating in a research note on Thursday, June 12th. Macquarie reiterated a "neutral" rating and issued a $95.00 target price on shares of Planet Fitness in a research note on Tuesday, May 13th. Finally, Stifel Nicolaus set a $120.00 target price on shares of Planet Fitness and gave the company a "buy" rating in a research note on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $106.63.

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.