2Xideas AG Makes New $6.15 Million Investment in Planet Fitness, Inc. (NYSE:PLNT)

2Xideas AG acquired a new stake in Planet Fitness, Inc. (NYSE:PLNT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 62,156 shares of the company’s stock, valued at approximately $6,145,000. 2Xideas AG owned approximately 0.07% of Planet Fitness at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PLNT. UMB Bank n.a. raised its position in Planet Fitness by 67.4% in the 4th quarter. UMB Bank n.a. now owns 390 shares of the company’s stock valued at $39,000 after purchasing an additional 157 shares in the last quarter. R Squared Ltd acquired a new stake in Planet Fitness in the fourth quarter valued at approximately $39,000. Proficio Capital Partners LLC acquired a new stake in Planet Fitness in the fourth quarter valued at approximately $51,000. Skandinaviska Enskilda Banken AB publ lifted its stake in Planet Fitness by 1,139.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company’s stock worth $53,000 after acquiring an additional 490 shares during the last quarter. Finally, Beaumont Financial Advisors LLC acquired a new position in Planet Fitness during the 4th quarter worth approximately $202,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Planet Fitness Stock Performance

Shares of NYSE:PLNT opened at $92.68 on Friday. Planet Fitness, Inc. has a one year low of $57.64 and a one year high of $110.00. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 49.83, a PEG ratio of 2.45 and a beta of 1.39. The company has a 50-day simple moving average of $99.51 and a 200-day simple moving average of $95.23.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.62 by $0.08. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The firm had revenue of $340.50 million during the quarter, compared to the consensus estimate of $324.57 million. During the same period in the prior year, the business earned $0.60 EPS. The firm’s revenue was up 19.4% compared to the same quarter last year. As a group, research analysts forecast that Planet Fitness, Inc. will post 2.51 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PLNT shares. DA Davidson restated a “neutral” rating and issued a $87.00 price objective on shares of Planet Fitness in a report on Tuesday, January 21st. Stifel Nicolaus cut their price target on Planet Fitness from $90.00 to $82.00 and set a “hold” rating on the stock in a research note on Friday, February 28th. Roth Mkm reaffirmed a “buy” rating and set a $115.00 price objective (up from $110.00) on shares of Planet Fitness in a research report on Wednesday, February 26th. Guggenheim reissued a “buy” rating and set a $105.00 target price on shares of Planet Fitness in a research report on Thursday, February 27th. Finally, Macquarie decreased their target price on Planet Fitness from $99.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $101.44.

Planet Fitness 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.