Impax Asset Management Group plc Cuts Stock Holdings in Planet Fitness, Inc. (NYSE:PLNT)

Impax Asset Management Group plc reduced its stake in Planet Fitness, Inc. (NYSE:PLNT) by 0.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 143,094 shares of the company’s stock after selling 109 shares during the quarter. Impax Asset Management Group plc owned approximately 0.17% of Planet Fitness worth $14,148,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp lifted its position in shares of Planet Fitness by 1.5% during the 3rd quarter. State Street Corp now owns 2,524,764 shares of the company’s stock worth $205,061,000 after buying an additional 37,236 shares in the last quarter. Ninety One UK Ltd bought a new stake in Planet Fitness during the fourth quarter worth $130,376,000. FMR LLC lifted its holdings in Planet Fitness by 666.9% during the third quarter. FMR LLC now owns 795,485 shares of the company’s stock worth $64,609,000 after acquiring an additional 691,761 shares during the period. WCM Investment Management LLC purchased a new position in Planet Fitness in the fourth quarter worth $22,289,000. Finally, Artemis Investment Management LLP bought a new position in Planet Fitness in the 4th quarter valued at $18,767,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PLNT. DA Davidson reiterated a “neutral” rating and set a $87.00 target price on shares of Planet Fitness in a research note on Tuesday, January 21st. Stifel Nicolaus lifted their price objective on shares of Planet Fitness from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Robert W. Baird increased their target price on shares of Planet Fitness from $92.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Piper Sandler lifted their price target on shares of Planet Fitness from $115.00 to $123.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Finally, Raymond James increased their price objective on Planet Fitness from $92.00 to $110.00 and gave the company a “strong-buy” rating in a report on Friday, November 8th. Five equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $97.69.

Planet Fitness Stock Performance

NYSE:PLNT opened at $99.63 on Tuesday. The business’s fifty day moving average is $102.82 and its 200 day moving average is $92.17. The firm has a market cap of $8.43 billion, a price-to-earnings ratio of 53.56, a PEG ratio of 2.45 and a beta of 1.53. Planet Fitness, Inc. has a 52-week low of $54.35 and a 52-week high of $110.00.

About Planet Fitness

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.