ExodusPoint Capital Management LP decreased its position in Planet Fitness, Inc. (NYSE:PLNT – Free Report) by 83.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,070 shares of the company’s stock after selling 88,767 shares during the period. ExodusPoint Capital Management LP’s holdings in Planet Fitness were worth $1,151,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PLNT. Rockefeller Capital Management L.P. lifted its holdings in Planet Fitness by 93.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 456 shares of the company’s stock worth $35,000 after buying an additional 220 shares during the period. Quarry LP acquired a new position in shares of Planet Fitness during the first quarter worth $38,000. CWM LLC increased its position in shares of Planet Fitness by 52.9% during the second quarter. CWM LLC now owns 697 shares of the company’s stock worth $47,000 after purchasing an additional 241 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Planet Fitness during the second quarter worth $48,000. Finally, Headlands Technologies LLC acquired a new position in shares of Planet Fitness during the second quarter worth $57,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Planet Fitness Stock Up 2.5 %

PLNT stock opened at $69.67 on Friday. The company’s 50-day simple moving average is $56.08 and its 200-day simple moving average is $61.32. Planet Fitness, Inc. has a 52-week low of $44.13 and a 52-week high of $85.90. The firm has a market cap of $6.14 billion, a P/E ratio of 43.27, a PEG ratio of 1.53 and a beta of 1.36.

Planet Fitness (NYSE:PLNT – Get Free Report) last posted its earnings results on Tuesday, November 7th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.04. Planet Fitness had a net margin of 12.80% and a negative return on equity of 102.85%. The business had revenue of $277.60 million for the quarter, compared to analyst estimates of $268.18 million. During the same period in the prior year, the company posted $0.42 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts anticipate that Planet Fitness, Inc. will post 2.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PLNT. Morgan Stanley upped their price target on Planet Fitness from $65.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. Jefferies Financial Group downgraded Planet Fitness from a “buy” rating to a “hold” rating and cut their target price for the company from $90.00 to $56.00 in a research report on Monday, September 18th. Piper Sandler cut their target price on Planet Fitness from $66.00 to $60.00 in a research report on Thursday, October 12th. StockNews.com assumed coverage on Planet Fitness in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, DA Davidson cut their target price on Planet Fitness from $67.00 to $66.00 and set a “neutral” rating on the stock in a research report on Friday, August 4th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $67.88.

View Our Latest Stock Analysis on PLNT

About Planet Fitness

(Free Report)

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 Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.

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