Pacer Advisors Inc. Has $1.15 Million Holdings in Planet Fitness, Inc. $PLNT

Pacer Advisors Inc. grew its position in shares of Planet Fitness, Inc. (NYSE:PLNT) by 234.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,060 shares of the company’s stock after acquiring an additional 7,756 shares during the quarter. Pacer Advisors Inc.’s holdings in Planet Fitness were worth $1,148,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Raymond James Financial Inc. raised its holdings in Planet Fitness by 10.8% during the first quarter. Raymond James Financial Inc. now owns 33,476 shares of the company’s stock worth $3,234,000 after buying an additional 3,253 shares during the last quarter. ABN AMRO Bank N.V. bought a new stake in shares of Planet Fitness during the second quarter worth about $13,214,000. Inceptionr LLC acquired a new stake in shares of Planet Fitness in the 2nd quarter worth about $356,000. Advantage Alpha Capital Partners LP bought a new position in Planet Fitness in the 2nd quarter valued at about $2,633,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Planet Fitness during the 2nd quarter valued at about $883,000. 95.53% of the stock is currently owned by institutional investors.

Planet Fitness Price Performance

Shares of NYSE:PLNT opened at $108.51 on Friday. Planet Fitness, Inc. has a 1 year low of $87.72 and a 1 year high of $114.47. The company has a market capitalization of $9.04 billion, a PE ratio of 44.29, a price-to-earnings-growth ratio of 2.42 and a beta of 1.27. The business has a fifty day moving average price of $105.61 and a two-hundred day moving average price of $104.94.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.08. Planet Fitness had a net margin of 15.97% and a negative return on equity of 126.58%. The company had revenue of $330.35 million for the quarter, compared to the consensus estimate of $323.95 million. During the same period in the previous year, the firm earned $0.64 EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. Planet Fitness has set its FY 2025 guidance at 3.000-3.030 EPS. Sell-side analysts anticipate that Planet Fitness, Inc. will post 2.51 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on PLNT shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Planet Fitness in a research note on Monday. JPMorgan Chase & Co. upped their price target on Planet Fitness from $108.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Cowen restated a “buy” rating on shares of Planet Fitness in a research note on Friday, November 14th. Macquarie lifted their price objective on shares of Planet Fitness from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Finally, Morgan Stanley increased their target price on shares of Planet Fitness from $119.00 to $123.00 and gave the company an “overweight” rating in a report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $119.92.

Planet Fitness Profile

Planet Fitness, Inc is a franchisor and operator of fitness centers based in Hampton, New Hampshire. Established in 1992, the company designs and equips its clubs to offer a non-intimidating workout environment, often marketed under its “Judgment Free Zone” philosophy. Planet Fitness markets affordable membership plans and a variety of cardio and strength-training equipment, positioning itself to attract casual and first-time gym users.

The company operates through a network of franchised and company-owned clubs.