Mitsubishi UFJ Asset Management Co. Ltd. Has $6.90 Million Stock Position in Planet Fitness, Inc. (NYSE:PLNT)

Mitsubishi UFJ Asset Management Co. Ltd. cut its holdings in shares of Planet Fitness, Inc. (NYSE:PLNTFree Report) by 22.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 96,370 shares of the company’s stock after selling 28,000 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.11% of Planet Fitness worth $6,897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. California Public Employees Retirement System grew its position in Planet Fitness by 4.1% during the third quarter. California Public Employees Retirement System now owns 155,207 shares of the company’s stock valued at $7,633,000 after purchasing an additional 6,098 shares in the last quarter. Larson Financial Group LLC purchased a new position in shares of Planet Fitness during the 3rd quarter valued at $182,000. Victory Capital Management Inc. increased its stake in shares of Planet Fitness by 16.4% in the third quarter. Victory Capital Management Inc. now owns 14,977 shares of the company’s stock worth $737,000 after acquiring an additional 2,114 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Planet Fitness by 42.6% during the third quarter. Retirement Systems of Alabama now owns 156,083 shares of the company’s stock worth $7,676,000 after acquiring an additional 46,599 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Planet Fitness by 15.4% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 124,370 shares of the company’s stock valued at $6,117,000 after purchasing an additional 16,620 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Planet Fitness Stock Down 3.3 %

Shares of PLNT stock opened at $63.27 on Friday. Planet Fitness, Inc. has a 12 month low of $44.13 and a 12 month high of $75.86. The firm has a market cap of $5.58 billion, a PE ratio of 36.36, a price-to-earnings-growth ratio of 2.12 and a beta of 1.37. The stock has a 50 day moving average of $61.63 and a 200-day moving average of $65.74.

Planet Fitness (NYSE:PLNTGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. Planet Fitness had a net margin of 13.66% and a negative return on equity of 140.14%. The firm had revenue of $248.00 million during the quarter, compared to the consensus estimate of $249.48 million. During the same period in the prior year, the firm earned $0.41 EPS. The business’s revenue was up 11.6% on a year-over-year basis. As a group, equities analysts predict that Planet Fitness, Inc. will post 2.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on PLNT. JPMorgan Chase & Co. raised Planet Fitness from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $68.00 to $78.00 in a research note on Tuesday, May 14th. Stifel Nicolaus lowered shares of Planet Fitness from a “buy” rating to a “hold” rating and cut their price objective for the company from $80.00 to $70.00 in a research report on Friday, May 10th. DA Davidson reaffirmed a “neutral” rating and issued a $62.00 price objective on shares of Planet Fitness in a research note on Thursday, May 9th. Royal Bank of Canada lowered their target price on shares of Planet Fitness from $80.00 to $77.00 and set an “outperform” rating on the stock in a research report on Friday, May 10th. Finally, Raymond James raised their target price on Planet Fitness from $75.00 to $80.00 and gave the company a “strong-buy” rating in a report on Friday, May 10th. Six equities research 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. According to MarketBeat, Planet Fitness currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.86.

Get Our Latest Analysis on PLNT

About Planet Fitness

(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.

Featured Articles

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

Receive News & Ratings for Planet Fitness Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Planet Fitness and related companies with MarketBeat.com's FREE daily email newsletter.