Global Thematic Partners LLC decreased its position in Planet Fitness Inc (NYSE:PLNT) by 26.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,684 shares of the company’s stock after selling 23,336 shares during the period. Global Thematic Partners LLC owned about 0.07% of Planet Fitness worth $3,468,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of PLNT. Meeder Asset Management Inc. grew its position in Planet Fitness by 99.3% during the 4th quarter. Meeder Asset Management Inc. now owns 570 shares of the company’s stock worth $31,000 after acquiring an additional 284 shares during the last quarter. American International Group Inc. boosted its position in shares of Planet Fitness by 1.8% in the 3rd quarter. American International Group Inc. now owns 58,694 shares of the company’s stock worth $3,171,000 after purchasing an additional 1,059 shares during the last quarter. Strs Ohio boosted its position in shares of Planet Fitness by 11.6% in the 3rd quarter. Strs Ohio now owns 12,500 shares of the company’s stock worth $675,000 after purchasing an additional 1,300 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Planet Fitness by 15.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,800 shares of the company’s stock worth $692,000 after purchasing an additional 1,725 shares during the last quarter. Finally, Groesbeck Investment Management Corp NJ boosted its position in shares of Planet Fitness by 33.6% in the 4th quarter. Groesbeck Investment Management Corp NJ now owns 7,550 shares of the company’s stock worth $405,000 after purchasing an additional 1,900 shares during the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE PLNT opened at $57.90 on Tuesday. The stock has a market capitalization of $5.60 billion, a PE ratio of 68.93, a P/E/G ratio of 2.05 and a beta of 0.73. Planet Fitness Inc has a fifty-two week low of $30.32 and a fifty-two week high of $59.91.
Several research analysts have recently issued reports on the company. Bank of America restated a “neutral” rating and issued a $68.00 price target (up from $62.00) on shares of Planet Fitness in a research report on Thursday, December 6th. Macquarie downgraded Planet Fitness from an “outperform” rating to a “neutral” rating and set a $55.00 price objective on the stock. in a research note on Monday, November 12th. DA Davidson set a $58.00 price objective on Planet Fitness and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Zacks Investment Research downgraded Planet Fitness from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Finally, Imperial Capital lifted their price target on Planet Fitness from $45.00 to $55.00 and gave the company an “inline” rating in a research note on Friday, November 9th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $52.79.
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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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