Thematics Asset Management Has $10.07 Million Holdings in Planet Fitness, Inc. (NYSE:PLNT)

Thematics Asset Management decreased its position in shares of Planet Fitness, Inc. (NYSE:PLNT - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,830 shares of the company's stock after selling 9,285 shares during the period. Thematics Asset Management owned 0.12% of Planet Fitness worth $10,068,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. R Squared Ltd acquired a new stake in shares of Planet Fitness during the 4th quarter valued at about $39,000. UMB Bank n.a. grew its stake 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 during the last quarter. Proficio Capital Partners LLC bought a new position in Planet Fitness in the 4th quarter worth approximately $51,000. Skandinaviska Enskilda Banken AB publ boosted its position in Planet Fitness by 1,139.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company's stock valued at $53,000 after buying an additional 490 shares during the last quarter. Finally, Beaumont Financial Advisors LLC acquired a new stake in shares of Planet Fitness in the 4th quarter valued at $202,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Piper Sandler increased their price objective on shares of Planet Fitness from $115.00 to $123.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Guggenheim lifted their price objective on Planet Fitness from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, April 14th. DA Davidson reaffirmed a "neutral" rating and issued a $87.00 target price on shares of Planet Fitness in a research note on Tuesday, January 21st. Macquarie decreased their target price on Planet Fitness from $99.00 to $95.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $120.00 price target on shares of Planet Fitness in a research report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $101.72.

Planet Fitness Stock Down 1.1 %

Shares of NYSE PLNT traded down $1.02 during midday trading on Friday, hitting $95.32. 685,986 shares of the company's stock were exchanged, compared to its average volume of 1,419,416. Planet Fitness, Inc. has a 12 month low of $58.51 and a 12 month high of $110.00. The company's 50 day moving average price is $95.94 and its 200 day moving average price is $96.37. The firm has a market capitalization of $8.07 billion, a PE ratio of 51.24, a price-to-earnings-growth ratio of 2.45 and a beta of 1.39.

Planet Fitness (NYSE:PLNT - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.62 by $0.08. The firm had revenue of $340.50 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 earnings per share. On average, equities research analysts anticipate that Planet Fitness, Inc. will post 2.51 EPS for the current year.

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.