Avory & Company LLC decreased its holdings in shares of Planet Fitness, Inc. (NYSE:PLNT – Get Rating) by 32.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 11,985 shares of the company’s stock after selling 5,885 shares during the period. Planet Fitness makes up approximately 0.6% of Avory & Company LLC’s investment portfolio, making the stock its 18th largest holding. Avory & Company LLC’s holdings in Planet Fitness were worth $691,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the stock. Edmond DE Rothschild Holding S.A. raised its stake in shares of Planet Fitness by 4.4% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 3,447 shares of the company’s stock worth $234,000 after purchasing an additional 145 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Planet Fitness by 13.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,332 shares of the company’s stock worth $112,000 after buying an additional 157 shares during the last quarter. Truist Financial Corp grew its holdings in Planet Fitness by 0.6% during the third quarter. Truist Financial Corp now owns 38,704 shares of the company’s stock worth $2,231,000 after acquiring an additional 215 shares during the period. Captrust Financial Advisors lifted its holdings in Planet Fitness by 23.0% in the first quarter. Captrust Financial Advisors now owns 1,172 shares of the company’s stock valued at $99,000 after acquiring an additional 219 shares during the period. Finally, Cibc World Market Inc. increased its holdings in shares of Planet Fitness by 3.3% during the 2nd quarter. Cibc World Market Inc. now owns 8,392 shares of the company’s stock valued at $571,000 after purchasing an additional 267 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.
Analyst Upgrades and Downgrades
PLNT has been the subject of a number of analyst reports. Piper Sandler upped their price target on Planet Fitness from $79.00 to $93.00 and gave the stock an “overweight” rating in a report on Thursday, December 22nd. Morgan Stanley dropped their target price on shares of Planet Fitness from $93.00 to $88.00 and set an “overweight” rating on the stock in a research report on Monday, November 14th. Cowen raised their price target on shares of Planet Fitness from $80.00 to $90.00 in a research note on Wednesday, November 16th. DA Davidson boosted their price objective on Planet Fitness from $90.00 to $99.00 and gave the stock a “buy” rating in a research note on Friday, November 11th. Finally, Cowen lifted their target price on shares of Planet Fitness from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 16th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.46.
Planet Fitness Stock Down 0.5 %
NYSE PLNT opened at $83.80 on Friday. The stock has a market capitalization of $7.51 billion, a PE ratio of 99.76, a price-to-earnings-growth ratio of 1.26 and a beta of 1.24. The firm has a 50 day moving average of $76.15 and a two-hundred day moving average of $71.52. Planet Fitness, Inc. has a 52 week low of $54.15 and a 52 week high of $97.04.
About Planet Fitness
Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. It operates through Franchise, Corporate-Owned Stores, and Equipment segments. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia.
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