Planet Fitness, Inc. (NYSE:PLNT) Shares Acquired by UMB Bank n.a.

UMB Bank n.a. increased its holdings in Planet Fitness, Inc. (NYSE:PLNTFree Report) by 67.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 390 shares of the company’s stock after acquiring an additional 157 shares during the quarter. UMB Bank n.a.’s holdings in Planet Fitness were worth $39,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PLNT. Pacer Advisors Inc. lifted its position in Planet Fitness by 3.3% during the 2nd quarter. Pacer Advisors Inc. now owns 13,146 shares of the company’s stock worth $967,000 after acquiring an additional 423 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Planet Fitness during the second quarter worth $200,000. AQR Capital Management LLC purchased a new position in Planet Fitness in the 2nd quarter valued at $207,000. The Manufacturers Life Insurance Company increased its stake in Planet Fitness by 0.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 74,918 shares of the company’s stock valued at $5,513,000 after buying an additional 463 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Planet Fitness during the 2nd quarter worth $3,091,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Planet Fitness

In other Planet Fitness news, insider Jennifer Simmons sold 11,453 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $96.20, for a total transaction of $1,101,778.60. Following the completion of the sale, the insider now directly owns 19,110 shares in the company, valued at $1,838,382. The trade was a 37.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.94% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PLNT shares. Robert W. Baird lifted their price objective on Planet Fitness from $92.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Stifel Nicolaus upped their price objective on Planet Fitness from $85.00 to $90.00 and gave the stock a “hold” rating in a report on Friday, January 17th. DA Davidson restated a “neutral” rating and set a $87.00 target price on shares of Planet Fitness in a research report on Tuesday, January 21st. Morgan Stanley increased their price target on shares of Planet Fitness from $84.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, eleven 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 company has an average rating of “Moderate Buy” and a consensus target price of $97.69.

Read Our Latest Research Report on Planet Fitness

Planet Fitness Price Performance

PLNT opened at $104.79 on Friday. Planet Fitness, Inc. has a 12 month low of $54.35 and a 12 month high of $108.41. The business has a 50-day moving average of $101.03 and a two-hundred day moving average of $87.79. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 56.34, a price-to-earnings-growth ratio of 2.63 and a beta of 1.52.

Planet Fitness (NYSE:PLNTGet Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.57 by $0.07. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The firm had revenue of $292.20 million during the quarter, compared to analyst estimates of $283.79 million. During the same quarter in the prior year, the business posted $0.59 earnings per share. Planet Fitness’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities research analysts anticipate that Planet Fitness, Inc. will post 2.5 earnings per share for the current year.

Planet Fitness 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.

See Also

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Institutional Ownership by Quarter for Planet Fitness (NYSE:PLNT)

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