Voya Investment Management LLC grew its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT – Free Report) by 33.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,431 shares of the company’s stock after purchasing an additional 8,345 shares during the period. Voya Investment Management LLC’s holdings in Planet Fitness were worth $3,230,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. 1248 Management LLC bought a new stake in shares of Planet Fitness during the 1st quarter worth approximately $809,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Planet Fitness by 38.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 401,625 shares of the company’s stock worth $38,801,000 after acquiring an additional 111,168 shares during the period. Woodline Partners LP bought a new stake in shares of Planet Fitness during the 1st quarter worth approximately $7,490,000. Empowered Funds LLC bought a new stake in shares of Planet Fitness during the 1st quarter worth approximately $1,891,000. Finally, United Services Automobile Association bought a new stake in shares of Planet Fitness during the 1st quarter worth approximately $528,000. Institutional investors own 95.53% of the company’s stock.
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Planet Fitness Stock Up 0.8%
PLNT opened at $101.12 on Friday. Planet Fitness, Inc. has a twelve month low of $77.77 and a twelve month high of $114.47. The company has a fifty day moving average of $106.57 and a 200-day moving average of $102.44. The stock has a market cap of $8.52 billion, a PE ratio of 44.94, a price-to-earnings-growth ratio of 2.25 and a beta of 1.37.
Planet Fitness (NYSE:PLNT – Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. Planet Fitness had a net margin of 15.11% and a negative return on equity of 110.18%. The company had revenue of $340.88 million during the quarter, compared to analysts’ expectations of $329.59 million. During the same period in the prior year, the company posted $0.71 earnings per share. Planet Fitness’s revenue for the quarter was up 13.3% compared to the same quarter last year. Sell-side analysts anticipate that Planet Fitness, Inc. will post 2.51 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on PLNT. Canaccord Genuity Group reaffirmed a “buy” rating and set a $126.00 price target on shares of Planet Fitness in a report on Monday, September 15th. Raymond James Financial reissued a “strong-buy” rating on shares of Planet Fitness in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $108.64.
View Our Latest Analysis on PLNT
Planet Fitness Company Profile
(Free Report)
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.
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Voya Investment Management LLC Has $3.23 Million Holdings in Planet Fitness, Inc. $PLNT
