Oppenheimer & Co. Inc. boosted its position in shares of Planet Fitness Inc (NYSE:PLNT) by 9.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,920 shares of the company’s stock after buying an additional 5,920 shares during the quarter. Oppenheimer & Co. Inc. owned 0.07% of Planet Fitness worth $3,802,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of PLNT. GWM Advisors LLC acquired a new position in shares of Planet Fitness during the 4th quarter worth approximately $633,000. Groesbeck Investment Management Corp NJ raised its stake in shares of Planet Fitness by 33.6% during the 4th quarter. Groesbeck Investment Management Corp NJ now owns 7,550 shares of the company’s stock worth $405,000 after buying an additional 1,900 shares during the period. Strs Ohio raised its stake in Planet Fitness by 16.0% in the 4th quarter. Strs Ohio now owns 14,500 shares of the company’s stock valued at $777,000 after purchasing an additional 2,000 shares during the last quarter. Bank of Montreal Can raised its stake in Planet Fitness by 1,213.9% in the 4th quarter. Bank of Montreal Can now owns 36,881 shares of the company’s stock valued at $1,977,000 after purchasing an additional 34,074 shares during the last quarter. Finally, Handelsinvest Investeringsforvaltning acquired a new position in Planet Fitness in the 4th quarter valued at $2,910,000. 91.08% of the stock is owned by institutional investors.
PLNT stock opened at $58.43 on Thursday. Planet Fitness Inc has a 1 year low of $30.41 and a 1 year high of $59.91. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 69.56, a P/E/G ratio of 2.05 and a beta of 0.73.
About Planet Fitness
Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness name. It operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, and Panama.
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