Is This A Much-Needed Win For Planet Fitness, Inc. (PLNT)?

Planet Fitness, Inc. (NYSE:PLNT) is on recovery track with 91.96% gain from a 1-year low price of $28.98. The company lost -2.2% to attain the price of $55.63 on 12/04/2018. Throughout the recent session, the prices were hovering between $55.41 and $58.5. These shares are 2.32% off its target price of $56.92 and the current market capitalization stands at $5.51B. The recent change has given its price a 9.62% lead over SMA 50 and -3.52% deficit over its 52-week high. The stock witnessed 15.2% gains, 10.99% gains and 26.72% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PLNT’s volatility during a week at 3.93% and during a month it has been found around 4.39%.

Planet Fitness, Inc. (PLNT) Top Holders

Institutional investors currently hold around $5.08 billion or 0% in PLNT stock. Look at its top three institutional owners. Vanguard Group Inc owns $489.02 million in Planet Fitness, Inc., which represents roughly 8.88% of the company’s market cap and approximately 9.62% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 6,120,786 shares of the stock are valued at $348.15 million. The third largest holder is Fmr Llc, which currently holds $257.35 million worth of this stock and that ownership represents nearly 4.67% of its market capitalization.

Planet Fitness, Inc. 13F Filings

At the end of September reporting period, 146 institutional holders increased their position in Planet Fitness, Inc. (NYSE:PLNT) by some 12,924,854 shares, 120 decreased positions by 14,672,519 and 30 held positions by 61,800,000. That puts total institutional holdings at 89,400,000 shares, according to SEC filings. The stock grabbed 58 new institutional investments totaling 4,225,364 shares while 20 institutional investors sold out their entire positions totaling 3,623,358 shares.

Planet Fitness, Inc. (NYSE:PLNT) Insider Trades

Multiple company employees have indulged in significant insider trading. Planet Fitness, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO Rondeau Christopher has sold 80,000 shares of Planet Fitness, Inc. (PLNT) in trading session dated Oct. 04, 2018. These shares are worth $4,064,800 and were traded at $50.81 each. The SEC filing shows that Rondeau Christopher performed a sale of 80,000 shares. The CEO disposed these shares by way of transaction on Sep. 21, 2018. The company’s shares were given away at $50.21 per share worth to an income of some $4,016,800 on account of Rondeau Christopher.

President & CFO, Lively Dorvin D, sold 31,893 common shares of Planet Fitness, Inc. (PLNT) in the open market. In a transaction dated Sep. 07, 2018, the shares were put up for sale at an average price of $50.8, raking in a sum of $1,620,802. After this sale, common shares of PLNT are directly owned by the insider, with total stake valued at $.

In the transaction dated Sep. 07, 2018, the great number of shares disposed came courtesy the CEO; Rondeau Christopher disposed a total of 800 shares at an average price of $50.6, amounting to approximately $40,480. The insider now directly owns shares worth $.

Planet Fitness, Inc. (PLNT) Analyst Guide

Several analysts have released their opinion on Planet Fitness, Inc. (NYSE:PLNT), with 6 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 3 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.93 average brokerage recommendation.