DSAM Partners London Ltd lessened its position in shares of Planet Fitness Inc (NYSE:PLNT) by 38.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 806,473 shares of the company’s stock after selling 502,913 shares during the quarter. Planet Fitness comprises 4.7% of DSAM Partners London Ltd’s investment portfolio, making the stock its 9th biggest holding. DSAM Partners London Ltd’s holdings in Planet Fitness were worth $27,928,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. California Public Employees Retirement System grew its stake in Planet Fitness by 10.5% during the 3rd quarter. California Public Employees Retirement System now owns 23,200 shares of the company’s stock worth $626,000 after buying an additional 2,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Planet Fitness by 81.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,994 shares of the company’s stock valued at $173,000 after purchasing an additional 2,244 shares during the last quarter. Strs Ohio grew its stake in shares of Planet Fitness by 69.7% in the 4th quarter. Strs Ohio now owns 5,600 shares of the company’s stock valued at $193,000 after purchasing an additional 2,300 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Planet Fitness by 2.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 89,498 shares of the company’s stock valued at $2,089,000 after purchasing an additional 2,369 shares during the last quarter. Finally, Mastrapasqua Asset Management Inc. grew its stake in shares of Planet Fitness by 12.4% in the 3rd quarter. Mastrapasqua Asset Management Inc. now owns 24,985 shares of the company’s stock valued at $674,000 after purchasing an additional 2,750 shares during the last quarter.
Shares of Planet Fitness Inc (NYSE PLNT) opened at $31.83 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of -5.00. Planet Fitness Inc has a 12 month low of $18.32 and a 12 month high of $35.03. The firm has a market capitalization of $3,196.80, a P/E ratio of 48.23, a P/E/G ratio of 1.73 and a beta of 0.79.
In related news, CAO Richard L. Moore sold 49,753 shares of Planet Fitness stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $30.51, for a total value of $1,517,964.03. Following the sale, the chief accounting officer now directly owns 49,753 shares in the company, valued at $1,517,964.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Dorvin D. Lively sold 144,557 shares of Planet Fitness stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $31.80, for a total value of $4,596,912.60. Following the completion of the sale, the chief financial officer now owns 38,674 shares in the company, valued at $1,229,833.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 838,427 shares of company stock worth $26,957,715. Company insiders own 19.87% of the company’s stock.
Several research analysts have weighed in on the company. Bank of America lifted their target price on Planet Fitness from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Cowen reiterated a “buy” rating and issued a $30.00 target price on shares of Planet Fitness in a research note on Friday, November 10th. Imperial Capital lifted their target price on Planet Fitness from $28.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Zacks Investment Research upgraded Planet Fitness from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Wednesday, October 11th. Finally, DA Davidson assumed coverage on Planet Fitness in a research note on Monday, November 20th. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $34.00.
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Planet Fitness Company Profile
Planet Fitness, Inc is a franchisor and operator of fitness centers in the United States. The Company operates through three 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, the Dominican Republic and Canada.
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