Walter Public Investments Inc. Purchases 9,171 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Walter Public Investments Inc. grew its holdings in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 172,844 shares of the company's stock after buying an additional 9,171 shares during the quarter. Planet Fitness makes up about 3.1% of Walter Public Investments Inc.'s investment portfolio, making the stock its 15th largest holding. Walter Public Investments Inc. owned approximately 0.20% of Planet Fitness worth $16,698,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Ninety One SA PTY Ltd lifted its stake in shares of Planet Fitness by 62.8% in the 1st quarter. Ninety One SA PTY Ltd now owns 41,818 shares of the company's stock valued at $4,040,000 after purchasing an additional 16,134 shares during the period. Ninety One UK Ltd lifted its stake in shares of Planet Fitness by 61.1% in the 1st quarter. Ninety One UK Ltd now owns 2,124,679 shares of the company's stock valued at $205,265,000 after purchasing an additional 806,023 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Planet Fitness by 6.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 177,333 shares of the company's stock valued at $17,132,000 after purchasing an additional 11,437 shares during the period. Penserra Capital Management LLC lifted its stake in shares of Planet Fitness by 69.3% in the 1st quarter. Penserra Capital Management LLC now owns 17,174 shares of the company's stock valued at $1,658,000 after purchasing an additional 7,029 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of Planet Fitness by 30.1% in the 1st quarter. Concurrent Investment Advisors LLC now owns 2,990 shares of the company's stock valued at $289,000 after purchasing an additional 691 shares during the period. Hedge funds and other institutional investors own 95.53% of the company's stock.

Planet Fitness Price Performance

Shares of PLNT traded down $0.57 during trading hours on Tuesday, hitting $106.33. The stock had a trading volume of 1,088,023 shares, compared to its average volume of 1,385,398. Planet Fitness, Inc. has a 12 month low of $68.75 and a 12 month high of $110.95. The firm has a market capitalization of $8.95 billion, a PE ratio of 50.16, a PEG ratio of 2.39 and a beta of 1.33. The stock has a fifty day moving average price of $102.98 and a 200 day moving average price of $100.59.

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 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 business had revenue of $276.66 million during the quarter, compared to analysts' expectations of $279.80 million. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Planet Fitness's revenue was up 11.6% on a year-over-year basis. As a group, analysts anticipate that Planet Fitness, Inc. will post 2.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Canaccord Genuity Group set a $126.00 target price on Planet Fitness and gave the company a "buy" rating in a research note on Thursday, June 12th. BMO Capital Markets lifted their price objective on Planet Fitness from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, March 31st. Stifel Nicolaus set a $120.00 price objective on Planet Fitness and gave the company a "buy" rating in a research note on Thursday, May 22nd. Macquarie reissued a "neutral" rating and issued a $95.00 target price on shares of Planet Fitness in a report on Tuesday, May 13th. Finally, Guggenheim reissued a "buy" rating and issued a $110.00 target price on shares of Planet Fitness in a report on Monday, May 12th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.63.

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.