Public Employees Retirement System of Ohio increased its stake in shares of Planet Fitness Inc (NYSE:PLNT) by 268.7% in the second quarter, HoldingsChannel reports. The firm owned 66,575 shares of the company’s stock after buying an additional 48,517 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Planet Fitness were worth $4,823,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in Planet Fitness by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 965,938 shares of the company’s stock worth $51,792,000 after buying an additional 66,192 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Planet Fitness in the 1st quarter worth about $304,000. Comerica Bank acquired a new stake in Planet Fitness in the 1st quarter worth about $201,000. State Board of Administration of Florida Retirement System boosted its stake in Planet Fitness by 3.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 40,412 shares of the company’s stock worth $2,777,000 after buying an additional 1,470 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in Planet Fitness by 22.2% in the 1st quarter. California Public Employees Retirement System now owns 117,377 shares of the company’s stock worth $8,066,000 after buying an additional 21,342 shares during the last quarter. Hedge funds and other institutional investors own 90.40% of the company’s stock.

PLNT has been the topic of a number of research analyst reports. Imperial Capital reissued an “in-line” rating and issued a $72.50 price target (up from $55.00) on shares of Planet Fitness in a research note on Friday, August 9th. Raymond James initiated coverage on Planet Fitness in a research note on Wednesday, June 26th. They issued an “outperform” rating and a $80.00 price target on the stock. ValuEngine lowered Planet Fitness from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Roth Capital raised their price target on Planet Fitness from $80.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Berenberg Bank lowered Planet Fitness from a “buy” rating to a “hold” rating and decreased their price target for the stock from $80.00 to $69.00 in a research note on Tuesday, September 3rd. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $75.61.

Shares of NYSE PLNT traded down $1.65 during midday trading on Friday, hitting $62.58. The stock had a trading volume of 21,891 shares, compared to its average volume of 1,397,420. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 51.42, a PEG ratio of 1.89 and a beta of 0.64. Planet Fitness Inc has a 1-year low of $44.97 and a 1-year high of $81.90. The company has a fifty day moving average price of $71.45 and a 200 day moving average price of $72.49.

Planet Fitness (NYSE:PLNT) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.04. The business had revenue of $181.66 million for the quarter, compared to analyst estimates of $167.91 million. Planet Fitness had a negative return on equity of 46.45% and a net margin of 16.29%. The company’s revenue was up 29.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS. On average, sell-side analysts anticipate that Planet Fitness Inc will post 1.57 earnings per share for the current fiscal year.

Planet Fitness Company Profile

Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness name. It operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, and Panama.

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Institutional Ownership by Quarter for Planet Fitness (NYSE:PLNT)

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