Axa lessened its stake in Planet Fitness, Inc. (NYSE:PLNT) by 11.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 414,147 shares of the company’s stock after selling 52,000 shares during the period. Axa owned about 0.57% of Planet Fitness worth $9,666,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its position in Planet Fitness by 11.1% during the 1st quarter. Alliancebernstein L.P. now owns 5,948,306 shares of the company’s stock valued at $114,624,000 after purchasing an additional 593,265 shares during the last quarter. Bank of New York Mellon Corp raised its position in Planet Fitness by 17.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,708,936 shares of the company’s stock valued at $133,246,000 after purchasing an additional 830,788 shares during the last quarter. Vanguard Group Inc. raised its position in Planet Fitness by 40.6% during the 1st quarter. Vanguard Group Inc. now owns 4,977,283 shares of the company’s stock valued at $95,913,000 after purchasing an additional 1,436,427 shares during the last quarter. Eagle Asset Management Inc. raised its position in Planet Fitness by 10.3% during the 2nd quarter. Eagle Asset Management Inc. now owns 3,502,857 shares of the company’s stock valued at $81,756,000 after purchasing an additional 326,169 shares during the last quarter. Finally, Jennison Associates LLC raised its position in Planet Fitness by 17.1% during the 2nd quarter. Jennison Associates LLC now owns 3,107,906 shares of the company’s stock valued at $72,539,000 after purchasing an additional 454,687 shares during the last quarter.

Planet Fitness, Inc. (NYSE:PLNT) opened at 25.78 on Wednesday. The stock has a market cap of $2.21 billion, a P/E ratio of 44.45 and a beta of 0.85. The firm’s 50 day moving average price is $25.20 and its 200-day moving average price is $22.06. Planet Fitness, Inc. has a 12-month low of $19.17 and a 12-month high of $25.88.

Planet Fitness (NYSE:PLNT) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. Planet Fitness had a net margin of 8.77% and a negative return on equity of 57.01%. The firm had revenue of $107.31 million during the quarter, compared to the consensus estimate of $101.99 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. Equities research analysts anticipate that Planet Fitness, Inc. will post $0.47 earnings per share for the current fiscal year.

A number of research analysts have commented on PLNT shares. Zacks Investment Research raised Planet Fitness from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and set a $29.00 price target (up previously from $26.00) on shares of Planet Fitness in a research report on Thursday, August 10th. Roth Capital set a $23.00 price target on Planet Fitness and gave the company a “buy” rating in a research report on Thursday, August 10th. Finally, BidaskClub raised Planet Fitness from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Planet Fitness has an average rating of “Buy” and an average price target of $27.33.

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Planet Fitness 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.

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

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