Impax Asset Management Group plc Sells 109 Shares of Planet Fitness, Inc. (NYSE:PLNT)

Impax Asset Management Group plc reduced its position in shares of Planet Fitness, Inc. (NYSE:PLNT) by 0.1% in the fourth quarter, Holdings Channel reports. The firm owned 143,094 shares of the company’s stock after selling 109 shares during the period. Impax Asset Management Group plc’s holdings in Planet Fitness were worth $14,148,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ninety One UK Ltd purchased a new position in Planet Fitness during the fourth quarter worth about $130,376,000. FMR LLC boosted its position in shares of Planet Fitness by 666.9% during the 3rd quarter. FMR LLC now owns 795,485 shares of the company’s stock valued at $64,609,000 after acquiring an additional 691,761 shares during the last quarter. WCM Investment Management LLC purchased a new position in shares of Planet Fitness during the fourth quarter worth about $22,289,000. Artemis Investment Management LLP bought a new position in shares of Planet Fitness in the fourth quarter worth approximately $18,767,000. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Planet Fitness in the third quarter worth approximately $13,592,000. Institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PLNT. Macquarie reissued a “neutral” rating and issued a $99.00 price target (up previously from $91.00) on shares of Planet Fitness in a research note on Friday, November 8th. Robert W. Baird lifted their price objective on shares of Planet Fitness from $92.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Stifel Nicolaus increased their target price on Planet Fitness from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, January 17th. DA Davidson reaffirmed a “neutral” rating and set a $87.00 price target on shares of Planet Fitness in a research note on Tuesday, January 21st. Finally, Raymond James increased their price objective on Planet Fitness from $92.00 to $110.00 and gave the company a “strong-buy” rating in a research report on Friday, November 8th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Planet Fitness currently has a consensus rating of “Moderate Buy” and an average price target of $97.69.

Planet Fitness Stock Performance

NYSE:PLNT opened at $99.63 on Tuesday. Planet Fitness, Inc. has a fifty-two week low of $54.35 and a fifty-two week high of $110.00. The business has a 50 day moving average price of $102.82 and a 200-day moving average price of $92.17. The firm has a market cap of $8.43 billion, a PE ratio of 53.56, a price-to-earnings-growth ratio of 2.45 and a beta of 1.53.

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.