WINTON GROUP Ltd Sells 211 Shares of Planet Fitness Inc (NYSE:PLNT)
WINTON GROUP Ltd trimmed its holdings in shares of Planet Fitness Inc (NYSE:PLNT) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,477 shares of the company’s stock after selling 211 shares during the quarter. WINTON GROUP Ltd’s holdings in Planet Fitness were worth $976,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of PLNT. PNC Financial Services Group Inc. grew its holdings in Planet Fitness by 4,557.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 652 shares of the company’s stock worth $45,000 after acquiring an additional 638 shares during the last quarter. Synovus Financial Corp grew its holdings in Planet Fitness by 228.3% during the 1st quarter. Synovus Financial Corp now owns 719 shares of the company’s stock worth $49,000 after acquiring an additional 500 shares during the last quarter. Quantamental Technologies LLC bought a new stake in Planet Fitness during the 1st quarter worth approximately $73,000. Meeder Asset Management Inc. grew its holdings in Planet Fitness by 88.8% during the 1st quarter. Meeder Asset Management Inc. now owns 1,076 shares of the company’s stock worth $74,000 after acquiring an additional 506 shares during the last quarter. Finally, Manchester Capital Management LLC bought a new stake in Planet Fitness during the 1st quarter worth approximately $133,000. 93.85% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on PLNT shares. Zacks Investment Research raised shares of Garrett Motion from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Bank of America reissued a “buy” rating and set a $105.00 target price (up from $100.00) on shares of Zendesk in a report on Wednesday, May 1st. Raymond James initiated coverage on shares of Planet Fitness in a research note on Wednesday, June 26th. They issued an “outperform” rating and a $80.00 price objective on the stock. Cowen reaffirmed an “outperform” rating and issued a $41.00 price objective (down from $42.00) on shares of American Airlines Group in a research note on Monday, April 29th. Finally, Jefferies Financial Group upped their price objective on shares of Monster Beverage from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Planet Fitness has a consensus rating of “Buy” and a consensus price target of $69.50.
Planet Fitness (NYSE:PLNT) last issued its earnings results on Thursday, May 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The business had revenue of $148.82 million for the quarter, compared to analyst estimates of $153.41 million. Planet Fitness had a net margin of 15.91% and a negative return on equity of 53.73%. Planet Fitness’s revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 earnings per share. Research analysts expect that Planet Fitness Inc will post 1.55 EPS for the current year.
About Planet Fitness
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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