Algert Global LLC Purchases Shares of 4,953 Planet Fitness Inc (PLNT)

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Algert Global LLC purchased a new stake in Planet Fitness Inc (NYSE:PLNT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,953 shares of the company’s stock, valued at approximately $266,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its holdings in shares of Planet Fitness by 99.3% in the fourth quarter. Meeder Asset Management Inc. now owns 570 shares of the company’s stock valued at $31,000 after purchasing an additional 284 shares in the last quarter. American International Group Inc. grew its holdings in shares of Planet Fitness by 1.8% in the third quarter. American International Group Inc. now owns 58,694 shares of the company’s stock valued at $3,171,000 after purchasing an additional 1,059 shares in the last quarter. Strs Ohio grew its holdings in shares of Planet Fitness by 11.6% in the third quarter. Strs Ohio now owns 12,500 shares of the company’s stock valued at $675,000 after purchasing an additional 1,300 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Planet Fitness by 15.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,800 shares of the company’s stock valued at $692,000 after purchasing an additional 1,725 shares in the last quarter. Finally, Groesbeck Investment Management Corp NJ grew its holdings in shares of Planet Fitness by 33.6% in the fourth quarter. Groesbeck Investment Management Corp NJ now owns 7,550 shares of the company’s stock valued at $405,000 after purchasing an additional 1,900 shares in the last quarter. 90.95% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have commented on PLNT shares. Zacks Investment Research upgraded shares of Planet Fitness from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Tuesday, January 1st. Bank of America boosted their price target on shares of Planet Fitness from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, November 7th. Imperial Capital boosted their price target on shares of Planet Fitness from $45.00 to $55.00 and gave the stock an “inline” rating in a report on Friday, November 9th. DA Davidson set a $58.00 price target on shares of Planet Fitness and gave the stock a “buy” rating in a report on Tuesday, October 16th. Finally, Macquarie cut shares of Planet Fitness from an “outperform” rating to a “neutral” rating and set a $55.00 price target for the company. in a report on Monday, November 12th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Planet Fitness has an average rating of “Buy” and a consensus price target of $52.79.

Shares of NYSE:PLNT opened at $57.36 on Monday. The company has a market cap of $5.60 billion, a PE ratio of 68.29, a P/E/G ratio of 2.05 and a beta of 0.73. Planet Fitness Inc has a twelve month low of $28.98 and a twelve month high of $59.91.

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Planet Fitness Profile

Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness name. It operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, and Panama.

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

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