Prudential Financial Inc. lowered its holdings in Planet Fitness, Inc. (NYSE:PLNT – Get Rating) by 88.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,005 shares of the company’s stock after selling 29,260 shares during the period. Prudential Financial Inc.’s holdings in Planet Fitness were worth $229,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. raised its position in shares of Planet Fitness by 290.5% in the second quarter. First Horizon Advisors Inc. now owns 781 shares of the company’s stock valued at $53,000 after purchasing an additional 581 shares during the period. Global Retirement Partners LLC grew its stake in Planet Fitness by 58.4% during the third quarter. Global Retirement Partners LLC now owns 852 shares of the company’s stock valued at $56,000 after acquiring an additional 314 shares in the last quarter. Parallel Advisors LLC grew its stake in Planet Fitness by 565.3% during the second quarter. Parallel Advisors LLC now owns 1,437 shares of the company’s stock valued at $98,000 after acquiring an additional 1,221 shares in the last quarter. Captrust Financial Advisors grew its stake in Planet Fitness by 23.0% during the first quarter. Captrust Financial Advisors now owns 1,172 shares of the company’s stock valued at $99,000 after acquiring an additional 219 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in Planet Fitness during the second quarter valued at approximately $108,000. Institutional investors own 94.56% of the company’s stock.
NYSE:PLNT opened at $77.55 on Friday. The company has a fifty day moving average of $80.44 and a 200 day moving average of $72.91. Planet Fitness, Inc. has a 52 week low of $54.15 and a 52 week high of $94.67. The firm has a market capitalization of $6.95 billion, a P/E ratio of 92.32, a P/E/G ratio of 1.23 and a beta of 1.26.
A number of equities analysts have commented on PLNT shares. Guggenheim cut their price target on shares of Planet Fitness to $85.00 in a research note on Tuesday, November 1st. DA Davidson cut shares of Planet Fitness from a “buy” rating to a “neutral” rating in a research note on Thursday. Robert W. Baird boosted their price target on shares of Planet Fitness from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 11th. Cowen boosted their price target on shares of Planet Fitness from $80.00 to $90.00 in a research note on Wednesday, November 16th. Finally, Stifel Nicolaus boosted their price target on shares of Planet Fitness from $82.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, January 13th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $93.77.
Planet Fitness, Inc engages in the operation and franchising of fitness centers. It operates through the following segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment includes operations related to the company’s franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, Panama, Mexico, and Australia.
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