Schonfeld Strategic Advisors LLC Has $905,000 Holdings in Planet Fitness, Inc. (NYSE:PLNT)

Schonfeld Strategic Advisors LLC reduced its holdings in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 87.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,150 shares of the company's stock after selling 64,097 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Planet Fitness were worth $905,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PLNT. Vanguard Group Inc. boosted its holdings in shares of Planet Fitness by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 8,035,765 shares of the company's stock valued at $794,496,000 after acquiring an additional 39,928 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in 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 in the last quarter. JPMorgan Chase & Co. increased its position in shares of Planet Fitness by 1.0% during the 4th quarter. JPMorgan Chase & Co. now owns 3,609,196 shares of the company's stock valued at $356,841,000 after purchasing an additional 36,803 shares during the period. Anomaly Capital Management LP increased its position in shares of Planet Fitness by 20.3% during the 4th quarter. Anomaly Capital Management LP now owns 1,772,593 shares of the company's stock valued at $175,256,000 after purchasing an additional 299,148 shares during the period. Finally, Ninety One UK Ltd bought a new stake in shares of Planet Fitness in the 4th quarter worth $130,376,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PLNT shares. 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 report on Friday, February 28th. DA Davidson reiterated a "neutral" rating and issued a $87.00 target price on shares of Planet Fitness in a report on Tuesday, January 21st. Morgan Stanley raised their target price on shares of Planet Fitness from $111.00 to $112.00 and gave the stock an "overweight" rating in a report on Friday. Macquarie decreased their price target on shares of Planet Fitness from $99.00 to $95.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Finally, Roth Mkm reiterated a "buy" rating and set a $115.00 price objective (up previously from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $103.00.

Planet Fitness Price Performance

Planet Fitness stock traded down $3.54 during trading hours on Friday, hitting $93.54. The company had a trading volume of 2,089,448 shares, compared to its average volume of 1,406,956. The firm's fifty day moving average is $96.30 and its 200-day moving average is $97.88. The firm has a market capitalization of $7.92 billion, a P/E ratio of 50.29, a price-to-earnings-growth ratio of 2.45 and a beta of 1.33. Planet Fitness, Inc. has a fifty-two week low of $60.56 and a fifty-two week 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 (EPS) 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 analysts' expectations of $279.80 million. During the same quarter in the prior year, the business posted $0.53 earnings per share. Planet Fitness's revenue was up 11.6% on a year-over-year basis. Analysts anticipate 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.