Quantinno Capital Management LP Has $3.16 Million Stock Position in Planet Fitness, Inc. (NYSE:PLNT)

Quantinno Capital Management LP increased its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,967 shares of the company's stock after purchasing an additional 3,996 shares during the period. Quantinno Capital Management LP's holdings in Planet Fitness were worth $3,161,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Corient Private Wealth LLC raised its holdings in shares of Planet Fitness by 2.1% during the fourth quarter. Corient Private Wealth LLC now owns 4,623 shares of the company's stock valued at $457,000 after acquiring an additional 94 shares during the last quarter. Cetera Trust Company N.A boosted its position in Planet Fitness by 5.2% during the fourth quarter. Cetera Trust Company N.A now owns 2,710 shares of the company's stock worth $268,000 after acquiring an additional 135 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Planet Fitness by 67.4% during the 4th quarter. UMB Bank n.a. now owns 390 shares of the company's stock worth $39,000 after purchasing an additional 157 shares during the last quarter. Truist Financial Corp boosted its position in shares of Planet Fitness by 1.3% during the 4th quarter. Truist Financial Corp now owns 12,632 shares of the company's stock valued at $1,249,000 after acquiring an additional 161 shares during the last quarter. Finally, Kestra Private Wealth Services LLC increased its holdings in shares of Planet Fitness by 5.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 4,442 shares of the company's stock worth $439,000 after buying an additional 214 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Planet Fitness Trading Up 0.5%

Shares of NYSE PLNT traded up $0.54 during mid-day trading on Friday, reaching $105.34. The company had a trading volume of 1,539,662 shares, compared to its average volume of 1,405,230. The company has a 50-day moving average price of $97.27 and a two-hundred day moving average price of $99.18. The stock has a market cap of $8.87 billion, a PE ratio of 56.64, a P/E/G ratio of 2.45 and a beta of 1.33. Planet Fitness, Inc. has a 1-year low of $60.56 and a 1-year high of $110.00.

Planet Fitness (NYSE:PLNT - Get Free Report) last announced its quarterly earnings data 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 quarter in the previous year, the business posted $0.53 earnings per share. The company's revenue was up 11.6% compared to the same quarter last year. On average, research analysts expect that Planet Fitness, Inc. will post 2.51 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PLNT. Stifel Nicolaus set a $120.00 price target on Planet Fitness and gave the company a "buy" rating in a research note on Thursday. Guggenheim reiterated 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 started coverage on Planet Fitness in a research report on Thursday, March 13th. They issued a "buy" rating and a $120.00 price objective for the company. Macquarie reaffirmed a "neutral" rating and issued a $95.00 price objective on shares of Planet Fitness in a research note on Tuesday, May 13th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $120.00 price objective on shares of Planet Fitness in a research note on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Planet Fitness has a consensus rating of "Moderate Buy" and a consensus target price of $105.11.

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.