5,774 Shares in Planet Fitness, Inc. (NYSE:PLNT) Purchased by Trexquant Investment LP

Trexquant Investment LP purchased a new position in shares of Planet Fitness, Inc. (NYSE:PLNT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,774 shares of the company’s stock, valued at approximately $571,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC increased its holdings in shares of Planet Fitness by 132.5% during the 3rd quarter. Tidal Investments LLC now owns 28,957 shares of the company’s stock worth $2,352,000 after acquiring an additional 16,503 shares during the last quarter. B. Metzler seel. Sohn & Co. AG bought a new position in Planet Fitness during the fourth quarter worth $3,378,000. AMJ Financial Wealth Management bought a new position in Planet Fitness during the fourth quarter worth $495,000. Nkcfo LLC acquired a new position in shares of Planet Fitness in the fourth quarter valued at $1,088,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Planet Fitness in the third quarter valued at about $604,000. Institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Canaccord Genuity Group initiated coverage on shares of Planet Fitness in a research note on Thursday, March 13th. They issued a “buy” rating and a $120.00 price target on the stock. Guggenheim reaffirmed a “buy” rating and issued a $105.00 target price on shares of Planet Fitness in a research report on Thursday, February 27th. Roth Mkm reiterated a “buy” rating and set a $115.00 target price (up previously from $110.00) on shares of Planet Fitness in a research note on Wednesday, February 26th. DA Davidson restated a “neutral” rating and issued a $87.00 price target on shares of Planet Fitness in a research note on Tuesday, January 21st. Finally, Macquarie decreased their price objective on Planet Fitness from $99.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Five equities research 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 stock. According to data from MarketBeat, Planet Fitness has an average rating of “Moderate Buy” and an average price target of $101.44.

Planet Fitness Price Performance

Shares of NYSE:PLNT opened at $97.58 on Friday. Planet Fitness, Inc. has a 1 year low of $57.64 and a 1 year high of $110.00. The stock has a market capitalization of $8.26 billion, a price-to-earnings ratio of 52.46, a price-to-earnings-growth ratio of 2.45 and a beta of 1.39. The company’s 50 day simple moving average is $97.60 and its 200 day simple moving average is $95.64.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.08. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The company had revenue of $340.50 million for the quarter, compared to analyst estimates of $324.57 million. During the same quarter last year, the company posted $0.60 EPS. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. As a group, analysts anticipate 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.