ExodusPoint Capital Management LP Has $4.38 Million Holdings in Planet Fitness, Inc. (NYSE:PLNT)

ExodusPoint Capital Management LP raised its position in Planet Fitness, Inc. (NYSE:PLNT) by 211.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 44,330 shares of the company’s stock after buying an additional 30,091 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Planet Fitness were worth $4,383,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. boosted its holdings in shares of Planet Fitness by 67.4% in the 4th quarter. UMB Bank n.a. now owns 390 shares of the company’s stock valued at $39,000 after purchasing an additional 157 shares in the last quarter. R Squared Ltd bought a new stake in shares of Planet Fitness during the 4th quarter worth $39,000. Skandinaviska Enskilda Banken AB publ boosted its stake in Planet Fitness by 1,139.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 533 shares of the company’s stock valued at $53,000 after buying an additional 490 shares in the last quarter. Beaumont Financial Advisors LLC bought a new position in Planet Fitness in the fourth quarter valued at about $202,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new position in Planet Fitness during the fourth quarter worth about $203,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus reduced their price target on shares of Planet Fitness from $90.00 to $82.00 and set a “hold” rating on the stock in a research note on Friday, February 28th. BMO Capital Markets boosted their target price on shares of Planet Fitness from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, March 31st. JPMorgan Chase & Co. upped their price target on shares of Planet Fitness from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Macquarie cut their price objective on Planet Fitness from $99.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Finally, DA Davidson restated a “neutral” rating and set a $87.00 price objective on shares of Planet Fitness in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $101.44.

Planet Fitness Stock Down 4.9 %

Shares of NYSE PLNT opened at $92.68 on Monday. The company has a market capitalization of $7.85 billion, a PE ratio of 49.83, a P/E/G ratio of 2.45 and a beta of 1.39. Planet Fitness, Inc. has a twelve month low of $57.64 and a twelve month high of $110.00. The firm has a fifty day simple moving average of $99.51 and a 200 day simple moving average of $95.31.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.70 earnings per share for the quarter, topping 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 analyst estimates of $324.57 million. During the same period last year, the company posted $0.60 EPS. The business’s quarterly revenue was up 19.4% on a year-over-year basis. As a group, equities analysts expect that Planet Fitness, Inc. will post 2.51 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 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.