Symmetry Investments LP Cuts Stock Position in Planet Fitness, Inc. (NYSE:PLNT)

Symmetry Investments LP trimmed its holdings in Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 15.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,119 shares of the company's stock after selling 7,281 shares during the period. Symmetry Investments LP's holdings in Planet Fitness were worth $3,868,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLNT. Corient Private Wealth LLC boosted its position in Planet Fitness by 2.1% during the 4th quarter. Corient Private Wealth LLC now owns 4,623 shares of the company's stock valued at $457,000 after acquiring an additional 94 shares in the last quarter. Cetera Trust Company N.A lifted its stake in shares of Planet Fitness by 5.2% in the 4th quarter. Cetera Trust Company N.A now owns 2,710 shares of the company's stock valued at $268,000 after purchasing an additional 135 shares during the period. UMB Bank n.a. boosted its position in shares of Planet Fitness by 67.4% during the fourth quarter. UMB Bank n.a. now owns 390 shares of the company's stock valued at $39,000 after purchasing an additional 157 shares in the last quarter. Truist Financial Corp grew its stake in Planet Fitness by 1.3% in the fourth quarter. Truist Financial Corp now owns 12,632 shares of the company's stock worth $1,249,000 after purchasing an additional 161 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Planet Fitness by 10.1% in the fourth quarter. GAMMA Investing LLC now owns 2,090 shares of the company's stock worth $207,000 after purchasing an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Planet Fitness Stock Down 0.9 %

NYSE:PLNT traded down $0.86 on Monday, reaching $94.95. 419,482 shares of the company's stock traded hands, compared to its average volume of 1,413,528. The firm has a market cap of $8.04 billion, a PE ratio of 51.04, a P/E/G ratio of 2.45 and a beta of 1.39. The stock has a 50-day simple moving average of $95.85 and a 200-day simple moving average of $96.70. Planet Fitness, Inc. has a 12 month low of $58.51 and a 12 month high of $110.00.

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

Analysts Set New Price Targets

Several research firms recently commented on PLNT. Piper Sandler boosted their price objective on shares of Planet Fitness from $115.00 to $123.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $120.00 price objective on shares of Planet Fitness in a research report on Monday, February 24th. Canaccord Genuity Group assumed coverage on Planet Fitness in a research note on Thursday, March 13th. They set a "buy" rating and a $120.00 price objective for the company. Guggenheim raised their price target on Planet Fitness from $105.00 to $110.00 and gave the company a "buy" rating in a report on Monday, April 14th. Finally, Roth Mkm reissued a "buy" rating and set a $115.00 price objective (up from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $101.72.

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.