Susquehanna Fundamental Investments LLC Purchases Shares of 101,380 Planet Fitness, Inc. (NYSE:PLNT)

Susquehanna Fundamental Investments LLC bought a new position in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 101,380 shares of the company's stock, valued at approximately $10,023,000. Susquehanna Fundamental Investments LLC owned approximately 0.12% of Planet Fitness at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PLNT. Vanguard Group Inc. grew its holdings in Planet Fitness by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 8,035,765 shares of the company's stock worth $794,496,000 after acquiring an additional 39,928 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in Planet Fitness by 48.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,911,081 shares of the company's stock valued at $782,169,000 after acquiring an additional 2,570,826 shares during the period. JPMorgan Chase & Co. lifted its holdings 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 in the last quarter. Anomaly Capital Management LP boosted its holdings in shares of Planet Fitness by 20.3% in the fourth quarter. Anomaly Capital Management LP now owns 1,772,593 shares of the company's stock valued at $175,256,000 after buying an additional 299,148 shares during the period. Finally, Ninety One UK Ltd acquired a new stake in shares of Planet Fitness during the fourth quarter worth $130,376,000. 95.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PLNT shares. Royal Bank of Canada restated an "outperform" rating and issued a $120.00 price objective on shares of Planet Fitness in a report on Monday, February 24th. Guggenheim upped their target price on Planet Fitness from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, April 14th. BMO Capital Markets increased their price objective on shares of Planet Fitness from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, March 31st. Stifel Nicolaus cut their price target on shares of Planet Fitness from $90.00 to $82.00 and set a "hold" rating for the company in a report on Friday, February 28th. Finally, Roth Mkm reissued a "buy" rating and issued a $115.00 price objective (up from $110.00) on shares of Planet Fitness in a research note on Wednesday, February 26th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $101.72.

Planet Fitness Stock Up 0.3 %

PLNT traded up $0.26 during trading hours on Thursday, hitting $94.85. The stock had a trading volume of 1,419,583 shares, compared to its average volume of 1,500,928. Planet Fitness, Inc. has a 1 year low of $58.84 and a 1 year high of $110.00. The company's fifty day simple moving average is $95.65 and its 200 day simple moving average is $96.79. The stock has a market cap of $8.03 billion, a PE ratio of 50.99, a price-to-earnings-growth ratio of 2.45 and a beta of 1.39.

Planet Fitness (NYSE:PLNT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.08. The company had revenue of $340.50 million for the quarter, compared to analyst estimates of $324.57 million. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The company's quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share. As a group, equities analysts expect that Planet Fitness, Inc. will post 2.51 EPS 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.