Victory Capital Management Inc. raised its position in Planet Fitness, Inc. (NYSE:PLNT) by 23.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,671,558 shares of the company’s stock after buying an additional 319,816 shares during the period. Victory Capital Management Inc. owned 2.30% of Planet Fitness worth $39,014,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Federated Investors Inc. PA raised its stake in Planet Fitness by 26.8% in the second quarter. Federated Investors Inc. PA now owns 270,000 shares of the company’s stock valued at $6,302,000 after buying an additional 57,000 shares during the last quarter. Fortaleza Asset Management Inc. raised its stake in Planet Fitness by 57.9% in the second quarter. Fortaleza Asset Management Inc. now owns 7,830 shares of the company’s stock valued at $183,000 after buying an additional 2,870 shares during the last quarter. Marshall Wace LLP purchased a new stake in Planet Fitness during the second quarter valued at approximately $681,000. Marshall Wace North America L.P. raised its stake in Planet Fitness by 110.7% in the second quarter. Marshall Wace North America L.P. now owns 2,473,913 shares of the company’s stock valued at $56,900,000 after buying an additional 1,299,990 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in Planet Fitness by 17.1% in the second quarter. Jennison Associates LLC now owns 3,107,906 shares of the company’s stock valued at $72,539,000 after buying an additional 454,687 shares during the last quarter.

Planet Fitness, Inc. (NYSE:PLNT) opened at 24.76 on Thursday. The firm has a market cap of $2.12 billion, a P/E ratio of 42.69 and a beta of 0.90. The firm has a 50 day moving average of $23.43 and a 200 day moving average of $21.56. Planet Fitness, Inc. has a 1-year low of $18.32 and a 1-year high of $25.19.

Planet Fitness (NYSE:PLNT) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $107.31 million during the quarter, compared to analysts’ expectations of $101.99 million. During the same period in the previous year, the company earned $0.17 earnings per share. Planet Fitness’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, equities research analysts expect that Planet Fitness, Inc. will post $0.47 EPS for the current year.

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Several analysts have recently commented on PLNT shares. BidaskClub raised shares of Planet Fitness from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Zacks Investment Research lowered shares of Planet Fitness from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Roth Capital set a $23.00 price target on shares of Planet Fitness and gave the company a “buy” rating in a research report on Thursday, August 10th. Imperial Capital lifted their price target on shares of Planet Fitness from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Tuesday, August 15th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $28.00 price target (up previously from $23.00) on shares of Planet Fitness in a research report on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Planet Fitness presently has a consensus rating of “Buy” and a consensus price target of $27.33.

About Planet Fitness

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

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