First Hawaiian Bank Purchases 149 Shares of Planet Fitness, Inc. (NYSE:PLNT)


First Hawaiian Bank lifted its position in shares of Planet Fitness, Inc. (NYSE:PLNT – Get Rating) by 6.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,418 shares of the company’s stock after purchasing an additional 149 shares during the period. First Hawaiian Bank’s holdings in Planet Fitness were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PLNT. Marshall Wace LLP bought a new stake in shares of Planet Fitness during the third quarter worth about $553,000. Voloridge Investment Management LLC boosted its holdings in Planet Fitness by 59.2% in the third quarter. Voloridge Investment Management LLC now owns 46,491 shares of the company’s stock valued at $3,652,000 after acquiring an additional 17,283 shares during the last quarter. UBS Group AG boosted its holdings in Planet Fitness by 35.0% in the third quarter. UBS Group AG now owns 75,687 shares of the company’s stock valued at $5,945,000 after acquiring an additional 19,634 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Planet Fitness in the third quarter valued at approximately $657,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Planet Fitness in the third quarter valued at approximately $4,925,000. Institutional investors own 93.87% of the company’s stock.

Shares of PLNT opened at $71.62 on Friday. Planet Fitness, Inc. has a 12-month low of $61.11 and a 12-month high of $99.60. The business’s fifty day moving average is $72.15 and its 200 day moving average is $81.62. The stock has a market cap of $6.52 billion, a P/E ratio of 111.91, a P/E/G ratio of 1.16 and a beta of 1.17.

Planet Fitness (NYSE:PLNT – Get Rating) last issued its earnings results on Tuesday, May 10th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Planet Fitness had a negative return on equity of 16.39% and a net margin of 8.11%. The company had revenue of $186.70 million for the quarter, compared to analysts’ expectations of $190.44 million. During the same period last year, the business earned $0.10 EPS. Planet Fitness’s quarterly revenue was up 66.8% compared to the same quarter last year. Analysts anticipate that Planet Fitness, Inc. will post 1.55 earnings per share for the current fiscal year.

Several analysts recently commented on PLNT shares. StockNews.com started coverage on Planet Fitness in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Evercore ISI started coverage on Planet Fitness in a report on Monday, March 14th. They issued an “outperform” rating and a $130.00 target price on the stock. DA Davidson dropped their price target on Planet Fitness from $110.00 to $90.00 in a research note on Friday, May 13th. BMO Capital Markets dropped their price target on Planet Fitness from $96.00 to $88.00 in a research note on Wednesday, May 11th. Finally, Robert W. Baird dropped their price target on Planet Fitness from $108.00 to $92.00 in a research note on Wednesday, May 11th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.91.

Planet Fitness Company Profile (Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Planet Fitness (NYSE:PLNT)



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