Landscape Capital Management L.L.C. Makes New $6.30 Million Investment in Planet Fitness Inc (NYSE:PLNT)

Landscape Capital Management L.L.C. bought a new position in Planet Fitness Inc (NYSE:PLNT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 86,893 shares of the company’s stock, valued at approximately $6,295,000. Landscape Capital Management L.L.C. owned 0.09% of Planet Fitness as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its position in shares of Planet Fitness by 4,557.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 652 shares of the company’s stock valued at $45,000 after acquiring an additional 638 shares during the last quarter. Synovus Financial Corp boosted its position in shares of Planet Fitness by 228.3% during the 1st quarter. Synovus Financial Corp now owns 719 shares of the company’s stock valued at $49,000 after acquiring an additional 500 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of Planet Fitness during the 1st quarter valued at about $73,000. Meeder Asset Management Inc. boosted its position in shares of Planet Fitness by 88.8% during the 1st quarter. Meeder Asset Management Inc. now owns 1,076 shares of the company’s stock valued at $74,000 after acquiring an additional 506 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Planet Fitness during the 2nd quarter valued at about $80,000. Institutional investors and hedge funds own 93.17% of the company’s stock.

Shares of NYSE PLNT traded down $0.59 during trading hours on Thursday, reaching $68.74. 72,138 shares of the stock traded hands, compared to its average volume of 1,255,492. The business’s 50-day moving average is $75.67. The stock has a market cap of $6.45 billion, a P/E ratio of 56.12, a P/E/G ratio of 2.10 and a beta of 0.59. Planet Fitness Inc has a 52-week low of $44.97 and a 52-week high of $81.90.



Planet Fitness (NYSE:PLNT) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.04. The business had revenue of $181.66 million for the quarter, compared to analysts’ expectations of $167.91 million. Planet Fitness had a negative return on equity of 47.77% and a net margin of 16.29%. The business’s quarterly revenue was up 29.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. On average, analysts anticipate that Planet Fitness Inc will post 1.57 EPS for the current year.

A number of analysts have recently issued reports on the company. Roth Capital lifted their price target on Planet Fitness from $80.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Imperial Capital reiterated an “in-line” rating and set a $72.50 price target (up previously from $55.00) on shares of Planet Fitness in a research report on Friday, August 9th. Robert W. Baird reissued an “outperform” rating and set a $80.00 price objective (up from $75.00) on shares of Planet Fitness in a report on Monday, April 29th. Cowen reissued an “average” rating and set a $85.00 price objective (up from $65.00) on shares of Planet Fitness in a report on Monday, April 29th. Finally, Raymond James assumed coverage on Planet Fitness in a report on Wednesday, June 26th. They set an “outperform” rating and a $80.00 price objective on the stock. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $76.12.

Planet Fitness Profile

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

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