UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $28.72 Million Stock Position in Planet Fitness, Inc. (NYSE:PLNT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 290,457 shares of the company's stock after purchasing an additional 22,687 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.34% of Planet Fitness worth $28,717,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in PLNT. T. Rowe Price Investment Management Inc. increased its position in shares of Planet Fitness by 48.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,911,081 shares of the company's stock valued at $782,169,000 after purchasing an additional 2,570,826 shares during the last quarter. Ninety One UK Ltd purchased a new stake in shares of Planet Fitness in the 4th quarter worth $130,376,000. Norges Bank purchased a new stake in shares of Planet Fitness during the 4th quarter worth $100,009,000. Nomura Holdings Inc. lifted its stake in shares of Planet Fitness by 103.4% during the 4th quarter. Nomura Holdings Inc. now owns 11,170 shares of the company's stock worth $1,104,000 after purchasing an additional 340,370 shares during the last quarter. Finally, Invesco Ltd. increased its position in Planet Fitness by 199.7% during the 4th quarter. Invesco Ltd. now owns 482,732 shares of the company's stock valued at $47,728,000 after buying an additional 321,644 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PLNT has been the topic of a number of research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $120.00 price objective on shares of Planet Fitness in a report on Monday, February 24th. Canaccord Genuity Group began coverage on Planet Fitness in a research report on Thursday, March 13th. They issued a "buy" rating and a $120.00 target price on the stock. Macquarie reiterated a "neutral" rating and set a $95.00 price objective on shares of Planet Fitness in a research report on Tuesday, May 13th. Morgan Stanley raised their target price on Planet Fitness from $111.00 to $112.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $110.00 price objective on shares of Planet Fitness in a research note on Monday, May 12th. 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $105.11.

Planet Fitness Stock Performance

Shares of NYSE PLNT traded down $0.21 during mid-day trading on Friday, hitting $102.82. 1,370,041 shares of the stock were exchanged, compared to its average volume of 1,401,397. Planet Fitness, Inc. has a twelve month low of $62.42 and a twelve month high of $110.00. The stock's fifty day simple moving average is $97.55 and its two-hundred day simple moving average is $99.43. The company has a market cap of $8.66 billion, a P/E ratio of 55.28, a PEG ratio of 2.45 and a beta of 1.33.

Planet Fitness (NYSE:PLNT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by ($0.03). The business had revenue of $276.66 million during the quarter, compared to the consensus estimate 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 revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 earnings per share. As a group, equities research analysts predict that Planet Fitness, Inc. will post 2.51 earnings per share for the current fiscal 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.