Natixis Advisors LLC Has $1.43 Million Holdings in Planet Fitness, Inc. (NYSE:PLNT)

Natixis Advisors LLC raised its stake in Planet Fitness, Inc. (NYSE:PLNT) by 37.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,438 shares of the company’s stock after buying an additional 3,909 shares during the quarter. Natixis Advisors LLC’s holdings in Planet Fitness were worth $1,427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. M&T Bank Corp raised its position in shares of Planet Fitness by 2.6% in the 3rd quarter. M&T Bank Corp now owns 4,947 shares of the company’s stock valued at $402,000 after acquiring an additional 124 shares during the period. Cetera Trust Company N.A boosted its position in shares of Planet Fitness by 5.2% during the fourth quarter. Cetera Trust Company N.A now owns 2,710 shares of the company’s stock worth $268,000 after purchasing an additional 135 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Planet Fitness by 67.4% in the 4th quarter. UMB Bank n.a. now owns 390 shares of the company’s stock valued at $39,000 after buying an additional 157 shares during the period. Truist Financial Corp increased its position in shares of Planet Fitness by 1.3% in the 4th quarter. Truist Financial Corp now owns 12,632 shares of the company’s stock valued at $1,249,000 after buying an additional 161 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Planet Fitness by 10.1% during the 4th quarter. GAMMA Investing LLC now owns 2,090 shares of the company’s stock worth $207,000 after buying an additional 192 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Canaccord Genuity Group started coverage on Planet Fitness in a research note on Thursday, March 13th. They issued a “buy” rating and a $120.00 target price for the company. Guggenheim restated a “buy” rating and set a $105.00 target price on shares of Planet Fitness in a report on Thursday, February 27th. Stifel Nicolaus reduced 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. JPMorgan Chase & Co. increased their price objective on shares of Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, DA Davidson restated a “neutral” rating and issued a $87.00 price target on shares of Planet Fitness in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Planet Fitness has a consensus rating of “Moderate Buy” and a consensus price target of $100.17.

Planet Fitness Trading Down 2.3 %

NYSE PLNT opened at $99.83 on Wednesday. Planet Fitness, Inc. has a 12 month low of $57.64 and a 12 month high of $110.00. The stock has a 50 day moving average of $100.89 and a 200-day moving average of $94.45. The company has a market cap of $8.45 billion, a PE ratio of 53.67, a PEG ratio of 2.45 and a beta of 1.54.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.08. The company had revenue of $340.50 million during 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 quarter last year, the firm posted $0.60 EPS. As a group, sell-side analysts predict that Planet Fitness, Inc. will post 2.51 EPS for the current fiscal 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.