23 September, 2017
FNY Partners Fund LP purchased a new position in Planet Fitness in the 1st quarter valued at approximately $154,000. The company's quarterly revenue was up 17.3% compared to the same quarter a year ago. Alliancebernstein L.P. grew its position in shares of Planet Fitness by 11.1% in the 1st quarter. The volume of PLNT witnessed a shift from 1.51 million shares, based on a 50-day average, to 1.44 million shares. Nuveen Asset Management LLC acquired a new position in shares of Planet Fitness in the 1st quarter worth approximately $1,234,000. Ameriprise Financial Inc. raised its position in Planet Fitness by 134.7% in the first quarter. Holland Capital Management LLC now owns 96,626 shares of the company's stock worth $1,862,000 after acquiring an additional 16,279 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC raised its position in Planet Fitness by 290.5% in the third quarter. Alliancebernstein L.P. now owns 5,948,306 shares of the company's stock worth $114,624,000 after acquiring an additional 593,265 shares in the last quarter.
In recent trading day Planet Fitness, Inc. The institutional investor owned 3,176,688 shares of the company's stock after buying an additional 340,455 shares during the period. Planet Fitness, Inc. (NYSE:PLNT) has been trading in a bullish manner, based on the relative positions of the stock's 20 and 200 day moving averages. The firm has a market capitalization of $2.30 billion, a PE ratio of 46.40 and a beta of 0.85. The stock's 50-day moving average is $19.51 and its 200-day moving average is $20.58.
Planet Fitness, Inc. (NYSE:PLNT) in the last month has increased +9.49%. The value of the company's investment in Planet Fitness, Inc. went from $1,804,000 to $833,000 decreasing 53.8% quarter to quarter. The share last price represents downtick move of -0.90% in value from company's 52-Week high price and shows 57.47% above change in value from its 52-Week low price. The business had revenue of $107.31 million for the quarter, compared to analysts' expectations of $101.99 million. Planet Fitness had a net margin of 3.65% and a return on equity of 485.81%. Next quarter's EPS is forecasted at $0.22 and the next full year EPS is projected to be $0.94. Guggenheim initiated the shares of PLNT in report on Monday, August 31 with "Buy" rating.
01/04/2016 - Roth Capital began new coverage on Planet Fitness, Inc. giving the company a "buy" rating. Finally, Cowen and Company reissued an "outperform" rating and issued a $28.00 price target (up from $23.00) on shares of Planet Fitness in a report on Thursday, August 10th. They noted that the move was a valuation call. Credit Suisse initiated Planet Fitness Inc (NYSE:PLNT) on Monday, August 31 with "Outperform" rating. Zacks Investment Research cut Planet Fitness from a "buy" rating to a "hold" rating in a report on Thursday, August 10th. JP Morgan initiated Planet Fitness Inc (NYSE:PLNT) rating on Monday, June 6.
Among 15 analysts covering Planet Fitness (NYSE:PLNT), 14 have Buy rating, 0 Sell and 1 Hold. They now have a Dollars 29 price target on the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The portion of a company's profit allocated to each outstanding share of common stock was $0.26 a share in the trailing twelve months. Corporate insiders own 32.39% of the company's stock. The Franchise segment includes operations related to the Business's franchising business in the United States, Puerto Rico, the Dominican Republic and Canada. The Company operates through three segments: Franchise; Corporate-owned stores, and Equipment. The Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States and Canada.
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