Economy

Planet Fitness, Inc. (PLNT)

On the bottom line, that translated to 17.9% growth in adjusted net income to $18.7 million, or $0.19 per diluted share. Following the sale, the chief accounting officer now owns 1,640 shares of the company's stock, valued at $44,280.

The top 5 institutional holders, in ascending order, are as follows: TSG6 MANAGEMENT L.L.C. with 16.09 million shares, ALLIANCEBERNSTEIN L.P. with 6.89 million shares, BANK OF NEW YORK MELLON CORP with 6.61 million shares, VANGUARD GROUP INC with 6.48 million shares, and BLACKROCK INC. with 4.8 million shares. Ameritas Investment Partners Inc. now owns 7,399 shares of the company's stock worth $173,000 after buying an additional 5,189 shares during the period. Finally, Fortaleza Asset Management Inc. raised its stake in shares of Planet Fitness by 57.9% during the 2nd quarter. Insiders have sold 81,640 shares of company stock valued at $2,158,080 over the last 90 days. Citadel Advisors LLC increased its stake in shares of Planet Fitness by 339.3% in the second quarter. Finally, Prudential Financial Inc. purchased a new stake in shares of Planet Fitness during the third quarter worth approximately $214,000.

The most recent non open market insider trade was completed by DUNAWAY CAMBRIA W on 10/10/2017, and was a acquisition of 3,028 shares with a final price of $0. The company rocked its 52-Week High of $27.22 and touched its 52-Week Low of $18.32. (NYSE:PLNT) traded up 2.27% during midday trading on Tuesday, hitting $20.76. The volume of 0.95 Million shares climbed down over an trading activity of 1.07 Million shares. Wolverine Trading LLC now owns 11,704 shares of the company's stock worth $274,000 after buying an additional 2,304 shares during the last quarter.

Planet Fitness (NYSE:PLNT) last released its earnings results on Wednesday, October 26th. 1 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data.

Looking forward, for the quarter ending Dec-17, 11 analysts have a mean sales target of 123.33 million. (NYSE:PLNT) have received a consensus rating of "Buy" from the eleven analysts that are now covering the firm, Marketbeat Ratings reports.

Several brokerages recently commented on PLNT. Roth Capital upped their target price on shares of Planet Fitness from $23.00 to $27.00 and gave the company a "buy" rating in a research report on Monday, August 21st.

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and Planet Fitness wasn't one of them!

Total shares held by institutions as of the most recent company filings are 103,948,485 with a reported 19,261,021 bought and 6,471,215 sold. Goldman Sachs Group Inc. lifted its holdings in shares of Planet Fitness by 1,196.3% during the 2nd quarter. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company.

Currently, the stock has a 1 Year Price Target of $0.

In related news, CEO Christopher Rondeau sold 2,000 shares of the company's stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $24.57, for a total value of $49,140.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. There were 36 sold out positions, amounting to 1.9 million shares. The stock was sold at an average price of $26.75, for a total value of $535,000.00.



Like this

Latest


09 November 2017
Institutional Investor Sentiment About Diamondback Energy Inc (NASDAQ:FANG) Increased
Crossmark Global Holdings Inc. acquired a new stake in shares of Diamondback Energy during the 3rd quarter valued at $206,000. Teachers Retirement System Of The State Of Kentucky reported 0.01% of its portfolio in Diamondback Energy Inc (NASDAQ:FANG).

09 November 2017
Scotland caretaker Malky Mackay denies Aberdeen players were picked to sell tickets
Interim Scotland manager Malky Mackay insists he would never bring a player into the Scotland squad just to help sell tickets. Rangers midfielder Ryan Jack has been included in Malky Mackay's Scotland squad to face Netherlands.

09 November 2017
The Whatsapp scam you need to look out for
The fake WhatsApp messages appear as if they have been sent by someone in your contacts - such as a friend or family member. WhatsApp users are being warned of a scam which is defrauding users out of parting with their personal details.

09 November 2017
DNR offers tips for hunters ahead of firearm deer season
Minnesota hunters registered about the same number of deer during the first two days of the season as a year ago . In northeastern Minnesota, the regular firearms season continues through Sunday, Nov. 19.

09 November 2017
Weather Authority: Clearing Skies and Cool Temperatures
Buffalo could set a record for coldest daytime high for Friday, November 10, with highs near 30 degrees F. The coldest record high of 30 degrees F was set in 1877. - Wind chills Friday in the single digits.

09 November 2017
Advisory Services Network LLC Buys 2637 Shares of Vertex Pharmaceuticals Incorporated (VRTX)
Advisory Services Network LLC's holdings in Vertex Pharmaceuticals were worth $349,000 at the end of the most recent quarter. The insider Arbuckle Stuart A sold $9.09M. 181 shares valued at $20,701 were sold by ALTSHULER DAVID on Monday, May 15.

09 November 2017
Turkey: US Embassy confirms limited visa processing
Visa services in Turkey and the US will be partially restored after they were halted in October. USA officials have said its courts require sufficient evidence to order his extradition.

09 November 2017
TrueCar, Inc. (TRUE) Downgraded by ValuEngine to "Sell"
Jericho Asset Ltd Partnership owns 2.57% invested in TrueCar Inc (NASDAQ:TRUE) for 2.27M shares. RBC Capital Markets maintained TrueCar Inc (NASDAQ:TRUE) on Friday, August 4 with "Buy" rating.

09 November 2017
Golden State Warriors vs. Minnesota Timberwolves - 11/8/17 NBA Pick, Odds, and Prediction
Durant joined Golden State after a drama-filled trip to free agency during the 2016 offseason, and the impact has been massive. The 10th-year pro has been ultra consistent through the first 10 games, notching 20 or more points in nine of those contests.

09 November 2017
The Zacks: Kemet Corp. (KEM) Given Average Rating of "Buy" by Analysts
Insiders contain to comply with strict disclosure requirements with regard to the sale or purchase of the shares of their company. Denali Advisors LLC bought a new position in shares of Kemet Corporation during the 3rd quarter valued at approximately $122,000.



Recommended