Nomura Holdings Inc. Invests $1.17 Million in Planet Fitness, Inc. (PLNT) Stock
Nomura Holdings Inc. bought a new stake in Planet Fitness, Inc. (NYSE:PLNT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 49,915 shares of the company’s stock, valued at approximately $1,167,000. Nomura Holdings Inc. owned 0.06% of Planet Fitness at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of PLNT. Oppenheimer Asset Management Inc. acquired a new position in Planet Fitness in the first quarter valued at about $136,000. D.A. Davidson & CO. acquired a new position in Planet Fitness in the second quarter valued at about $145,000. FNY Partners Fund LP acquired a new position in Planet Fitness in the first quarter valued at about $154,000. Fortaleza Asset Management Inc. grew its stake in Planet Fitness by 57.9% in the second quarter. Fortaleza Asset Management Inc. now owns 7,830 shares of the company’s stock valued at $183,000 after acquiring an additional 2,870 shares during the period. Finally, Trellus Management Company LLC acquired a new position in Planet Fitness in the second quarter valued at about $233,000. 94.15% of the stock is owned by hedge funds and other institutional investors.
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In other news, CEO Christopher Rondeau sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $26.43, for a total value of $528,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 19.87% of the company’s stock.
A number of research analysts have issued reports on the company. Cowen and Company reissued an “outperform” rating and issued a $28.00 target price (up from $23.00) on shares of Planet Fitness in a research note on Thursday, August 10th. Roth Capital set a $23.00 target price on Planet Fitness and gave the company a “buy” rating in a research note on Thursday, August 10th. Jefferies Group LLC reissued a “buy” rating and issued a $29.00 target price (up from $26.00) on shares of Planet Fitness in a research note on Thursday, August 10th. Zacks Investment Research cut Planet Fitness from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $31.00 target price (up from $28.00) on shares of Planet Fitness in a research note on Wednesday, October 4th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $28.00.
Shares of Planet Fitness, Inc. (PLNT) opened at 25.86 on Tuesday. Planet Fitness, Inc. has a one year low of $18.32 and a one year high of $27.22. The stock has a 50 day moving average price of $26.38 and a 200-day moving average price of $26.38. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 44.59 and a beta of 0.86.
Planet Fitness (NYSE:PLNT) last issued its earnings results on Wednesday, August 9th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The company had revenue of $107.31 million during the quarter, compared to the consensus estimate of $101.99 million. Planet Fitness had a negative return on equity of 57.01% and a net margin of 8.77%. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the business posted $0.17 EPS. On average, equities research analysts expect that Planet Fitness, Inc. will post $0.47 EPS for the current year.
Planet Fitness Profile
Planet Fitness, Inc is a franchisor and operator of fitness centers in the United States. The Company operates through three segments: Franchise; Corporate-owned stores, and Equipment. The Franchise segment includes operations related to the Company’s franchising business in the United States, Puerto Rico, the Dominican Republic and Canada.
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