BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 1,545 Shares of Planet Fitness, Inc. (NYSE:PLNT)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its position in Planet Fitness, Inc. (NYSE:PLNT) by 1.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 126,401 shares of the company’s stock after selling 1,545 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Planet Fitness were worth $10,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PLNT. Hilton Capital Management LLC acquired a new stake in shares of Planet Fitness during the third quarter worth $1,688,000. Premier Fund Managers Ltd acquired a new stake in Planet Fitness in the 3rd quarter worth about $775,000. Quest Partners LLC boosted its holdings in Planet Fitness by 126.0% in the 3rd quarter. Quest Partners LLC now owns 9,504 shares of the company’s stock valued at $772,000 after purchasing an additional 5,298 shares during the period. Natixis Advisors LLC acquired a new position in shares of Planet Fitness during the 3rd quarter worth approximately $855,000. Finally, ING Groep NV bought a new position in shares of Planet Fitness during the third quarter worth approximately $1,568,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Planet Fitness

In other news, insider Jennifer Simmons sold 11,453 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $96.20, for a total value of $1,101,778.60. Following the transaction, the insider now owns 19,110 shares in the company, valued at $1,838,382. This trade represents a 37.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.94% of the company’s stock.

Planet Fitness Trading Up 1.5 %

Shares of PLNT opened at $101.53 on Friday. The firm’s fifty day simple moving average is $84.99 and its two-hundred day simple moving average is $77.47. Planet Fitness, Inc. has a 12 month low of $54.35 and a 12 month high of $101.76. The stock has a market capitalization of $8.59 billion, a P/E ratio of 54.59, a price-to-earnings-growth ratio of 3.32 and a beta of 1.49.

Planet Fitness (NYSE:PLNT) last issued its earnings results on Thursday, November 7th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.07. Planet Fitness had a net margin of 14.23% and a negative return on equity of 107.97%. The business had revenue of $292.20 million for the quarter, compared to analyst estimates of $283.79 million. During the same period in the prior year, the firm earned $0.59 earnings per share. Planet Fitness’s revenue was up 5.3% on a year-over-year basis. As a group, research analysts predict that Planet Fitness, Inc. will post 2.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Planet Fitness in a research report on Friday, September 27th. They issued a “hold” rating and a $71.00 target price for the company. JPMorgan Chase & Co. upped their target price on Planet Fitness from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Stifel Nicolaus lifted their price target on Planet Fitness from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Robert W. Baird boosted their price target on Planet Fitness from $92.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, BNP Paribas raised Planet Fitness from a “neutral” rating to an “outperform” rating and set a $97.00 price objective on the stock in a research note on Thursday, September 5th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.81.

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.