State of Alaska Department of Revenue Decreases Position in Planet Fitness, Inc. (NYSE:PLNT)

State of Alaska Department of Revenue cut its position in Planet Fitness, Inc. (NYSE:PLNT) by 2.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,600 shares of the company’s stock after selling 225 shares during the quarter. State of Alaska Department of Revenue’s holdings in Planet Fitness were worth $949,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Tidal Investments LLC raised its holdings in shares of Planet Fitness by 132.5% during the third quarter. Tidal Investments LLC now owns 28,957 shares of the company’s stock valued at $2,352,000 after purchasing an additional 16,503 shares during the last quarter. State Street Corp raised its holdings in shares of Planet Fitness by 1.5% during the third quarter. State Street Corp now owns 2,524,764 shares of the company’s stock valued at $205,061,000 after purchasing an additional 37,236 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Planet Fitness during the third quarter valued at approximately $604,000. Artemis Investment Management LLP purchased a new position in shares of Planet Fitness during the fourth quarter valued at approximately $18,767,000. Finally, Quest Partners LLC raised its holdings in shares of Planet Fitness by 126.0% during the third quarter. Quest Partners LLC now owns 9,504 shares of the company’s stock valued at $772,000 after purchasing an additional 5,298 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Planet Fitness Price Performance

PLNT opened at $103.97 on Friday. The firm has a market cap of $8.79 billion, a P/E ratio of 55.90, a PEG ratio of 2.68 and a beta of 1.53. Planet Fitness, Inc. has a 1-year low of $54.35 and a 1-year high of $110.00. The company has a 50 day simple moving average of $102.86 and a two-hundred day simple moving average of $90.69.

Analyst Ratings Changes

Several brokerages recently issued reports on PLNT. JPMorgan Chase & Co. boosted their target price on shares of Planet Fitness from $90.00 to $100.00 and gave the company an “overweight” rating in a research 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. Royal Bank of Canada restated an “outperform” rating and set a $120.00 target price on shares of Planet Fitness in a research report on Wednesday, January 15th. Stifel Nicolaus boosted their target price on shares of Planet Fitness from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Friday, January 17th. Finally, Piper Sandler boosted their target price on shares of Planet Fitness from $115.00 to $123.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Planet Fitness presently has an average rating of “Moderate Buy” and a consensus target price of $97.69.

About Planet Fitness

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.