1 day Ago By ABMN Staff
Oppenheimer & Co. Inc. raised its holdings in shares of Planet Fitness, Inc.
( NYSE:PLNT – Free Report ) by 4.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,388 shares of the company’s stock after purchasing an additional 800 shares during the period.
Oppenheimer & Co. Inc.’s holdings in Planet Fitness were worth $1,427,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of PLNT. Dorsal Capital Management LP bought a new position in Planet Fitness during the 4th quarter valued at approximately $182,500,000. Greenvale Capital LLP raised its position in Planet Fitness by 291.
3% during the 4th quarter. Greenvale Capital LLP now owns 1,741,140 shares of the company’s stock valued at $127,103,000 after purchasing an additional 1,296,140 shares during the last quarter. Norges Bank bought a new position in Planet Fitness during the 4th quarter valued at approximately $65,674,000.
Steadfast Capital Management LP raised its position in Planet Fitness by 97.7% during the 1st quarter. Steadfast Capital Management LP now owns 1,381,860 shares of the company’s stock valued at $86,546,000 after purchasing an additional 682,863 shares during the last quarter.
Finally, Junto Capital Management LP raised its position in shares of Planet Fitness by 255.4% in the 4th quarter. Junto Capital Management LP now owns 756,934 shares of the company’s stock worth $55,256,000 after acquiring an additional 543,942 shares in the last quarter.
Institutional investors own 95.53% of the company’s stock. Planet Fitness Stock Down 1.
4 % PLNT stock opened at $81.62 on Wednesday. The business has a 50 day moving average of $78.
05 and a 200 day moving average of $69.42. Planet Fitness, Inc.
has a twelve month low of $44.13 and a twelve month high of $83.98.
The firm has a market cap of $6.95 billion, a PE ratio of 46.91, a price-to-earnings-growth ratio of 2.
75 and a beta of 1.49. Insider Buying and Selling at Planet Fitness In other Planet Fitness news, CAO Brian O’donnell sold 6,424 shares of the stock in a transaction on Wednesday, August 7th.
The stock was sold at an average price of $77.39, for a total transaction of $497,153.36.
Following the sale, the chief accounting officer now directly owns 6,778 shares in the company, valued at approximately $524,549.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website .
Company insiders own 5.94% of the company’s stock. Wall Street Analysts Forecast Growth Several research analysts have recently issued reports on PLNT shares.
DA Davidson reissued a “neutral” rating and issued a $62.00 target price on shares of Planet Fitness in a research report on Friday, June 14th. Royal Bank of Canada increased their target price on Planet Fitness from $77.
00 to $87.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Roth Mkm increased their target price on Planet Fitness from $73.
00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. TD Cowen raised Planet Fitness from a “hold” rating to a “buy” rating and increased their target price for the stock from $66.
00 to $92.00 in a research report on Monday, June 24th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $79.
00 target price on shares of Planet Fitness in a research report on Friday, June 14th. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.
com, Planet Fitness has a consensus rating of “Moderate Buy” and an average target price of $84.87. Get Our Latest Report on Planet Fitness Planet Fitness Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding PLNT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Planet Fitness, Inc. ( NYSE:PLNT – Free Report ). Receive News & Ratings for Planet Fitness Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Planet Fitness and related companies with MarketBeat.
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