Quantinno Capital Management LP Acquires 3,996 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Quantinno Capital Management LP increased its holdings in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Arkadios Wealth Advisors lifted its position in Planet Fitness by 26.6% during the 4th quarter. Arkadios Wealth Advisors now owns 10,984 shares of the company's stock worth $1,086,000 after acquiring an additional 2,305 shares during the last quarter. UMB Bank n.a. lifted its position in 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 acquiring an additional 157 shares during the last quarter. Beaumont Financial Advisors LLC acquired a new position in Planet Fitness during the 4th quarter worth $202,000. Cetera Trust Company N.A lifted its position in Planet Fitness by 5.2% during the 4th 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. Finally, KBC Group NV lifted its position in Planet Fitness by 23.1% during the 4th quarter. KBC Group NV now owns 3,081 shares of the company's stock worth $305,000 after acquiring an additional 578 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Planet Fitness Trading Up 3.6%

Shares of Planet Fitness stock opened at $102.44 on Tuesday. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 55.08, 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. The firm's 50-day moving average price is $96.65 and its two-hundred day moving average price is $98.62.

Planet Fitness (NYSE:PLNT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $276.66 million for the quarter, compared to the consensus estimate of $279.80 million. During the same period in the prior year, the company posted $0.53 earnings per share. Planet Fitness's quarterly revenue was up 11.6% compared to the same quarter last year. As a group, equities research analysts predict 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. Roth Mkm reissued a "buy" rating and set a $115.00 target price (up previously from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Canaccord Genuity Group assumed coverage on shares of Planet Fitness in a research report on Thursday, March 13th. They set a "buy" rating and a $120.00 price objective for the company. Guggenheim reaffirmed a "buy" rating and set a $110.00 price objective on shares of Planet Fitness in a research report on Monday, May 12th. DA Davidson reaffirmed a "neutral" rating and set a $87.00 price objective on shares of Planet Fitness in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $120.00 price objective on shares of Planet Fitness in a research report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Planet Fitness has an average rating of "Moderate Buy" and an average target price of $103.00.

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.

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