TIAA CREF Investment Management LLC Has $1.55 Million Position in Planet Fitness, Inc. (NYSE:PLNT)
TIAA CREF Investment Management LLC decreased its position in shares of Planet Fitness, Inc. (NYSE:PLNT) by 53.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,324 shares of the company’s stock after selling 90,946 shares during the period. TIAA CREF Investment Management LLC’s holdings in Planet Fitness were worth $1,548,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the stock. Teachers Advisors LLC raised its stake in Planet Fitness by 635.3% in the first quarter. Teachers Advisors LLC now owns 327,565 shares of the company’s stock worth $6,312,000 after buying an additional 283,015 shares in the last quarter. FMR LLC purchased a new stake in Planet Fitness during the first quarter worth about $599,000. Principal Financial Group Inc. raised its stake in Planet Fitness by 4.9% in the first quarter. Principal Financial Group Inc. now owns 790,192 shares of the company’s stock worth $15,227,000 after buying an additional 36,966 shares in the last quarter. Suffolk Capital Management LLC purchased a new stake in Planet Fitness during the first quarter worth about $1,470,000. Finally, Holland Capital Management LLC raised its stake in Planet Fitness by 20.3% in the first quarter. Holland Capital Management LLC now owns 96,626 shares of the company’s stock worth $1,862,000 after buying an additional 16,279 shares in the last quarter. Institutional investors own 94.72% of the company’s stock.
Shares of Planet Fitness, Inc. (NYSE PLNT) traded down 2.31% during mid-day trading on Friday, hitting $24.55. 2,401,579 shares of the company were exchanged. The stock’s 50-day moving average price is $23.23 and its 200 day moving average price is $21.34. The stock has a market cap of $2.10 billion, a PE ratio of 42.33 and a beta of 0.90. Planet Fitness, Inc. has a 12-month low of $18.32 and a 12-month high of $25.19.
Planet Fitness (NYSE:PLNT) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. Planet Fitness had a negative return on equity of 57.01% and a net margin of 8.77%. The company had revenue of $107.31 million during the quarter, compared to analysts’ expectations of $101.99 million. During the same period in the prior year, the business earned $0.17 earnings per share. Planet Fitness’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, equities analysts anticipate that Planet Fitness, Inc. will post $0.47 EPS for the current fiscal year.
A number of research firms have recently issued reports on PLNT. Zacks Investment Research upgraded shares of Planet Fitness from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Friday. Jefferies Group LLC reiterated a “buy” rating and set a $29.00 price objective (up previously from $26.00) on shares of Planet Fitness in a research note on Thursday. Cowen and Company reiterated an “outperform” rating and set a $28.00 price objective (up previously from $23.00) on shares of Planet Fitness in a research note on Thursday. Roth Capital set a $23.00 price objective on shares of Planet Fitness and gave the company a “buy” rating in a research note on Thursday. Finally, BidaskClub upgraded shares of Planet Fitness from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $26.20.
Planet Fitness Company Profile
Planet Fitness, Inc is a franchisor and operator of fitness centers in the United States. The Company operates through three segments: Franchise; Corporate-owned stores, and Equipment. The Franchise segment includes operations related to the Company’s franchising business in the United States, Puerto Rico, the Dominican Republic and Canada.
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