UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 22,687 Shares of Planet Fitness, Inc. (NYSE:PLNT)

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

Several other hedge funds have also recently added to or reduced their stakes in PLNT. Renaissance Technologies LLC acquired a new position in shares of Planet Fitness in the 4th quarter valued at approximately $11,963,000. Freestone Grove Partners LP acquired a new stake in Planet Fitness in the 4th quarter valued at $25,676,000. Jump Financial LLC bought a new position in shares of Planet Fitness in the 4th quarter valued at about $965,000. B. Metzler seel. Sohn & Co. AG bought a new stake in Planet Fitness during the fourth quarter worth about $3,378,000. Finally, Raymond James Financial Inc. acquired a new position in Planet Fitness during the fourth quarter valued at approximately $2,988,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Analysts Set New Price Targets

PLNT has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on Planet Fitness from $111.00 to $112.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Canaccord Genuity Group began coverage on shares of Planet Fitness in a research report on Thursday, March 13th. They issued a "buy" rating and a $120.00 target price for the company. Roth Mkm reiterated a "buy" rating and issued a $115.00 target price (up previously from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Macquarie reiterated a "neutral" rating and set a $95.00 price target on shares of Planet Fitness in a report on Tuesday, May 13th. Finally, Stifel Nicolaus set a $120.00 target price on shares of Planet Fitness and gave the stock a "buy" rating in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $105.11.

Planet Fitness Stock Performance

NYSE:PLNT traded down $0.21 during mid-day trading on Friday, reaching $102.82. The stock had a trading volume of 1,364,651 shares, compared to its average volume of 1,404,086. The stock has a market capitalization of $8.66 billion, a P/E ratio of 55.28, a P/E/G ratio of 2.45 and a beta of 1.33. The firm has a 50 day moving average price of $97.49 and a two-hundred day moving average price of $99.36. Planet Fitness, Inc. has a one year low of $60.73 and a one 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 earnings per share 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 negative return on equity of 107.97% and a net margin of 14.23%. The company's revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Research 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.