Deutsche Bank AG Sells 161,988 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Deutsche Bank AG lessened its stake in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 45.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,979 shares of the company's stock after selling 161,988 shares during the quarter. Deutsche Bank AG owned about 0.23% of Planet Fitness worth $19,376,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PLNT. T. Rowe Price Investment Management Inc. boosted its holdings in Planet Fitness by 48.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,911,081 shares of the company's stock worth $782,169,000 after purchasing an additional 2,570,826 shares during the last quarter. Ninety One UK Ltd bought a new stake in shares of Planet Fitness during the 4th quarter worth $130,376,000. Norges Bank purchased a new position in shares of Planet Fitness in the 4th quarter worth about $100,009,000. Invesco Ltd. grew its position in Planet Fitness by 199.7% during the fourth 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 during the period. Finally, Anomaly Capital Management LP increased its holdings in Planet Fitness by 20.3% during the fourth quarter. Anomaly Capital Management LP now owns 1,772,593 shares of the company's stock worth $175,256,000 after buying an additional 299,148 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Planet Fitness Trading Down 0.5%

Shares of PLNT traded down $0.52 during mid-day trading on Tuesday, reaching $101.94. The company's stock had a trading volume of 186,151 shares, compared to its average volume of 1,397,997. The stock has a market cap of $8.58 billion, a PE ratio of 54.80, a P/E/G ratio of 2.45 and a beta of 1.33. Planet Fitness, Inc. has a 52 week low of $60.56 and a 52 week high of $110.00. The company's fifty 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 posted its quarterly earnings results 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 business had revenue of $276.66 million during the quarter, compared to the consensus estimate of $279.80 million. During the same period in the prior year, the firm earned $0.53 earnings per share. The business's revenue for the quarter was up 11.6% on a year-over-year basis. Research analysts anticipate that Planet Fitness, Inc. will post 2.51 EPS for the current year.

Wall Street Analyst Weigh In

PLNT has been the topic of several research reports. Stifel Nicolaus lowered their target price on Planet Fitness from $90.00 to $82.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. Roth Mkm reissued a "buy" rating and issued a $115.00 price target (up previously from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Canaccord Genuity Group started coverage on shares of Planet Fitness in a research note on Thursday, March 13th. They issued a "buy" rating and a $120.00 price objective for the company. DA Davidson reiterated a "neutral" rating and issued a $87.00 price target on shares of Planet Fitness in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $120.00 price objective on shares of Planet Fitness in a report on Monday, February 24th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $103.00.

Planet Fitness Company 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.