Impax Asset Management Group plc boosted its position in shares of Planet Fitness, Inc. (NYSE:PLNT – Get Rating) by 21.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,807 shares of the company's stock after buying an additional 29,074 shares during the quarter. Impax Asset Management Group plc's holdings in Planet Fitness were worth $9,618,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of PLNT. BlackRock Inc. boosted its stake in Planet Fitness by 34.8% during the first quarter. BlackRock Inc. now owns 7,184,140 shares of the company's stock worth $606,915,000 after buying an additional 1,852,867 shares during the period. William Blair Investment Management LLC purchased a new position in Planet Fitness during the second quarter worth $78,692,000. Bares Capital Management Inc. boosted its stake in Planet Fitness by 355.5% during the second quarter. Bares Capital Management Inc. now owns 1,438,570 shares of the company's stock worth $97,837,000 after buying an additional 1,122,752 shares during the period. Invesco Ltd. boosted its stake in Planet Fitness by 38.9% during the first quarter. Invesco Ltd. now owns 1,700,236 shares of the company's stock worth $143,636,000 after buying an additional 476,578 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Planet Fitness by 147.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 761,875 shares of the company's stock valued at $64,363,000 after purchasing an additional 454,133 shares during the period. 94.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PLNT has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on shares of Planet Fitness in a research note on Wednesday, October 12th. They set a "hold" rating for the company. Cowen boosted their target price on shares of Planet Fitness from $80.00 to $90.00 in a research note on Wednesday, November 16th. Stifel Nicolaus boosted their target price on shares of Planet Fitness from $82.00 to $93.00 and gave the company a "buy" rating in a research note on Friday, January 13th. Raymond James boosted their target price on shares of Planet Fitness from $84.00 to $92.00 in a research note on Wednesday, November 16th. Finally, Guggenheim lowered their target price on shares of Planet Fitness to $85.00 in a research note on Tuesday, November 1st. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Planet Fitness currently has an average rating of "Moderate Buy" and a consensus target price of $93.77.

Planet Fitness Stock Performance

Planet Fitness (NYSE:PLNT – Get Rating) last announced its earnings results on Tuesday, November 8th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. Planet Fitness had a net margin of 8.52% and a negative return on equity of 36.77%. The business had revenue of $244.39 million during the quarter, compared to the consensus estimate of $237.40 million. On average, equities analysts predict that Planet Fitness, Inc. will post 1.59 earnings per share for the current fiscal year.

Planet Fitness Profile

(Get Rating)

Planet Fitness, Inc engages in the operation and franchising of fitness centers. It operates through the following 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, Canada, the Dominican Republic, Panama, Mexico, and Australia.

See Also

• Get a free copy of the StockNews.com research report on Planet Fitness (PLNT)
• Institutions are Buying up Procter & Gamble Shares, Should you?
• How Do Lawsuits Affect Johnson & Johnson's Stock Price?
• Has The Salesforce Turnaround Begun?
• Pfizer Stock: What the Bulls and Bears are Getting Wrong
• Should You Take General Motors for a Ride After Earnings?

Want to see what other hedge funds are holding PLNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Planet Fitness, Inc. (NYSE:PLNT – Get Rating).

Receive News & Ratings for Planet Fitness Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Planet Fitness and related companies with MarketBeat.com's FREE daily email newsletter.