Planet Fitness, Inc. (NYSE:PLNT) Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its holdings in Planet Fitness, Inc. (NYSE:PLNT) by 1,139.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 533 shares of the company’s stock after buying an additional 490 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Planet Fitness were worth $53,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of PLNT. KBC Group NV increased its holdings in Planet Fitness by 14.7% in the 3rd quarter. KBC Group NV now owns 2,503 shares of the company’s stock worth $203,000 after buying an additional 321 shares during the period. Natixis Advisors LLC acquired a new position in Planet Fitness in the 3rd quarter worth approximately $855,000. Quest Partners LLC increased its holdings in Planet Fitness by 126.0% in the 3rd quarter. Quest Partners LLC now owns 9,504 shares of the company’s stock worth $772,000 after buying an additional 5,298 shares during the period. Premier Fund Managers Ltd acquired a new position in Planet Fitness in the 3rd quarter worth approximately $775,000. Finally, Hilton Capital Management LLC purchased a new stake in Planet Fitness in the 3rd quarter worth approximately $1,688,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Planet Fitness Stock Performance

NYSE PLNT opened at $98.74 on Wednesday. The business has a fifty day moving average price of $101.01 and a 200 day moving average price of $93.75. Planet Fitness, Inc. has a one year low of $54.35 and a one year high of $110.00. The company has a market cap of $8.36 billion, a P/E ratio of 53.09, a P/E/G ratio of 2.45 and a beta of 1.54.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.62 by $0.08. Planet Fitness had a negative return on equity of 107.97% and a net margin of 14.23%. The firm had revenue of $340.50 million during the quarter, compared to the consensus estimate of $324.57 million. During the same period in the prior year, the company earned $0.60 EPS. The firm’s revenue was up 19.4% compared to the same quarter last year. As a group, sell-side analysts predict that Planet Fitness, Inc. will post 2.51 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on PLNT shares. Piper Sandler upped their price objective on Planet Fitness from $115.00 to $123.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. DA Davidson restated a “neutral” rating and issued a $87.00 price objective on shares of Planet Fitness in a research report on Tuesday, January 21st. Royal Bank of Canada restated an “outperform” rating and issued a $120.00 price objective on shares of Planet Fitness in a research report on Monday, February 24th. JPMorgan Chase & Co. upped their price objective on Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, Canaccord Genuity Group started coverage on Planet Fitness in a research report on Thursday, March 13th. They issued a “buy” rating and a $120.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $100.17.

Planet Fitness Profile

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.