Impax Asset Management Group plc Has $20.17 Million Position in Planet Fitness, Inc. $PLNT

Impax Asset Management Group plc lifted its position in Planet Fitness, Inc. (NYSE:PLNT) by 22.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 194,271 shares of the company’s stock after buying an additional 35,000 shares during the period. Impax Asset Management Group plc’s holdings in Planet Fitness were worth $20,165,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of PLNT. Hantz Financial Services Inc. raised its holdings in shares of Planet Fitness by 964.0% during the second quarter. Hantz Financial Services Inc. now owns 266 shares of the company’s stock worth $29,000 after acquiring an additional 241 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Planet Fitness by 184.5% during the second quarter. EverSource Wealth Advisors LLC now owns 330 shares of the company’s stock worth $36,000 after acquiring an additional 214 shares in the last quarter. SJS Investment Consulting Inc. boosted its holdings in shares of Planet Fitness by 6,950.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $44,000 after buying an additional 417 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Planet Fitness in the third quarter valued at $44,000. Finally, Smartleaf Asset Management LLC lifted its stake in Planet Fitness by 131.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 445 shares of the company’s stock valued at $47,000 after purchasing an additional 253 shares during the last quarter. 95.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on PLNT. UBS Group reaffirmed a “buy” rating on shares of Planet Fitness in a research report on Friday, January 9th. Macquarie Infrastructure reduced their price target on Planet Fitness from $112.00 to $100.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. Morgan Stanley increased their price objective on shares of Planet Fitness from $123.00 to $128.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. William Blair reiterated an “outperform” rating on shares of Planet Fitness in a research note on Tuesday, January 13th. Finally, Guggenheim upgraded shares of Planet Fitness to a “strong-buy” rating in a research report on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $122.27.

Planet Fitness Trading Up 1.4%

Shares of PLNT stock opened at $93.01 on Wednesday. Planet Fitness, Inc. has a 1-year low of $87.72 and a 1-year high of $114.47. The stock has a 50-day moving average of $102.56 and a 200-day moving average of $102.62. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 37.96, a PEG ratio of 1.40 and a beta of 1.26.

Planet Fitness Profile

Planet Fitness, Inc is a franchisor and operator of fitness centers based in Hampton, New Hampshire. Established in 1992, the company designs and equips its clubs to offer a non-intimidating workout environment, often marketed under its “Judgment Free Zone” philosophy. Planet Fitness markets affordable membership plans and a variety of cardio and strength-training equipment, positioning itself to attract casual and first-time gym users.

The company operates through a network of franchised and company-owned clubs.