Planet Fitness, Inc. $PLNT Shares Purchased by Impax Asset Management Group plc

Impax Asset Management Group plc grew its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT) by 22.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 194,271 shares of the company’s stock after purchasing an additional 35,000 shares during the period. Impax Asset Management Group plc owned approximately 0.23% of Planet Fitness worth $20,165,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLNT. State of Michigan Retirement System raised its position in Planet Fitness by 0.5% in the second quarter. State of Michigan Retirement System now owns 20,200 shares of the company’s stock worth $2,203,000 after acquiring an additional 100 shares in the last quarter. Emerald Advisers LLC grew its holdings in shares of Planet Fitness by 1.9% during the second quarter. Emerald Advisers LLC now owns 5,572 shares of the company’s stock valued at $608,000 after buying an additional 104 shares in the last quarter. ProShare Advisors LLC grew its stake in Planet Fitness by 3.7% during the 2nd quarter. ProShare Advisors LLC now owns 3,718 shares of the company’s stock valued at $405,000 after acquiring an additional 132 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Planet Fitness by 51.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 404 shares of the company’s stock valued at $42,000 after buying an additional 138 shares during the period. Finally, M&T Bank Corp increased its stake in shares of Planet Fitness by 3.6% in the second quarter. M&T Bank Corp now owns 4,488 shares of the company’s stock worth $490,000 after acquiring an additional 154 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PLNT shares. Morgan Stanley raised their price objective on shares of Planet Fitness from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. William Blair restated an “outperform” rating on shares of Planet Fitness in a research note on Tuesday, January 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Planet Fitness in a report on Monday, December 29th. JPMorgan Chase & Co. lifted their price objective on Planet Fitness from $108.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $135.00 target price on shares of Planet Fitness in a research note on Tuesday, December 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $122.27.

Planet Fitness Stock Performance

NYSE:PLNT opened at $93.01 on Wednesday. Planet Fitness, Inc. has a 52-week low of $87.72 and a 52-week high of $114.47. The company has a market cap of $7.75 billion, a price-to-earnings ratio of 37.96, a P/E/G ratio of 1.40 and a beta of 1.26. The stock’s fifty day moving average price is $102.56 and its two-hundred day moving average price is $102.62.

Planet Fitness Company Profile

Planet Fitness, Inc is a franchisor and operator of fitness centers based in Hampton, New Hampshire. Established in 1992, the company designs and equips its clubs to offer a non-intimidating workout environment, often marketed under its “Judgment Free Zone” philosophy. Planet Fitness markets affordable membership plans and a variety of cardio and strength-training equipment, positioning itself to attract casual and first-time gym users.

The company operates through a network of franchised and company-owned clubs.