Diversified Trust Co boosted its stake in shares of Planet Fitness, Inc. (NYSE:PLNT – Free Report) by 7.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,005 shares of the company’s stock after purchasing an additional 1,441 shares during the period. Diversified Trust Co’s holdings in Planet Fitness were worth $1,619,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of PLNT. Asset Management One Co. Ltd. raised its stake in Planet Fitness by 17.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 999 shares of the company’s stock worth $73,000 after purchasing an additional 148 shares during the period. International Assets Investment Management LLC raised its stake in shares of Planet Fitness by 886.5% in the 4th quarter. International Assets Investment Management LLC now owns 5,840 shares of the company’s stock valued at $426,000 after acquiring an additional 5,248 shares during the period. Allworth Financial LP raised its stake in shares of Planet Fitness by 247.6% in the 4th quarter. Allworth Financial LP now owns 358 shares of the company’s stock valued at $26,000 after acquiring an additional 255 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of Planet Fitness in the 4th quarter valued at $1,752,000. Finally, Verdence Capital Advisors LLC purchased a new position in shares of Planet Fitness in the 4th quarter valued at $201,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.
Insider Transactions at Planet Fitness
In related news, CAO Brian O’donnell sold 6,424 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $77.39, for a total transaction of $497,153.36. Following the transaction, the chief accounting officer now directly owns 6,778 shares of the company’s stock, valued at $524,549.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.94% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on PLNT
Planet Fitness Stock Performance
Shares of PLNT stock traded up $0.22 during midday trading on Wednesday, reaching $80.13. 51,344 shares of the company were exchanged, compared to its average volume of 1,681,986. The company’s 50 day moving average price is $73.85 and its two-hundred day moving average price is $67.07. Planet Fitness, Inc. has a 12 month low of $44.13 and a 12 month high of $80.40. The company has a market cap of $7.07 billion, a P/E ratio of 45.93, a PEG ratio of 2.57 and a beta of 1.49.
Planet Fitness (NYSE:PLNT – Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The business had revenue of $300.94 million for the quarter, compared to the consensus estimate of $290.17 million. Planet Fitness had a net margin of 14.16% and a negative return on equity of 121.99%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. As a group, sell-side analysts predict that Planet Fitness, Inc. will post 2.43 earnings per share for the current year.
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.
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