Walter Public Investments Inc. Has $10.20 Million Stock Position in Planet Fitness, Inc. $PLNT

Walter Public Investments Inc. reduced its position in Planet Fitness, Inc. (NYSE:PLNT) by 50.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 93,991 shares of the company’s stock after selling 95,476 shares during the period. Planet Fitness comprises 1.8% of Walter Public Investments Inc.’s holdings, making the stock its 26th largest position. Walter Public Investments Inc.’s holdings in Planet Fitness were worth $10,195,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Citigroup Inc. lifted its stake in Planet Fitness by 101.0% in the 3rd quarter. Citigroup Inc. now owns 29,461 shares of the company’s stock valued at $3,058,000 after purchasing an additional 14,805 shares during the last quarter. Pelham Capital Ltd. acquired a new stake in Planet Fitness in the 3rd quarter valued at about $12,841,000. Impax Asset Management Group plc lifted its stake in Planet Fitness by 22.0% in the 3rd quarter. Impax Asset Management Group plc now owns 194,271 shares of the company’s stock valued at $20,165,000 after purchasing an additional 35,000 shares during the last quarter. Burney Co. acquired a new stake in Planet Fitness in the 4th quarter valued at about $2,221,000. Finally, Fred Alger Management LLC lifted its stake in Planet Fitness by 5.4% in the 3rd quarter. Fred Alger Management LLC now owns 503,101 shares of the company’s stock valued at $52,222,000 after purchasing an additional 25,719 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PLNT shares. Guggenheim lowered their target price on shares of Planet Fitness from $126.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Roth Mkm lowered their target price on shares of Planet Fitness from $109.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Weiss Ratings cut shares of Planet Fitness from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Stifel Nicolaus lowered their target price on shares of Planet Fitness from $105.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Finally, UBS Group lowered their target price on shares of Planet Fitness from $120.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $77.81.

Planet Fitness Price Performance

Shares of NYSE:PLNT opened at $53.43 on Friday. The company’s 50 day simple moving average is $64.49 and its 200 day simple moving average is $86.29. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 1.16 and a beta of 1.12. Planet Fitness, Inc. has a 1 year low of $37.03 and a 1 year high of $114.47.

Planet Fitness (NYSE:PLNT) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.11. The business had revenue of $337.24 million for the quarter, compared to analysts’ expectations of $298.60 million. Planet Fitness had a net margin of 16.52% and a negative return on equity of 81.29%. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. Planet Fitness has set its FY 2026 guidance at 3.190-3.190 EPS. As a group, analysts anticipate that Planet Fitness, Inc. will post 3.18 EPS for the current fiscal year.

Insider Transactions at Planet Fitness

In other news, Director Frances G. Rathke acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average cost of $46.21 per share, with a total value of $231,050.00. Following the completion of the purchase, the director directly owned 5,000 shares of the company’s stock, valued at $231,050. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is owned by company insiders.

Planet Fitness Company 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.