Planet Fitness, Inc. Common Sto (NYSE:PLNT) has been the object of insider selling activity recently. Yesterday Director Charles Esserman disclosed the sale of 11,129,887 shares. The shares were sold on June 28th for an average price of $15.76. Esserman now owns $275,234,925 of the stock per the Form 4 SEC filing. Pierre Lecomte, Director sold $175,407,019 worth of shares at an average price of $15.76 on Tue the 28th. Lecomte now owns $275,234,925 of stock as recorded in a recent Form 4 SEC filing.
Richard L. Moore, See Remarks reported the sale of 150,000 shares of PLNT stock. The shares were purchased at an average price of $15.76. The See Remarks now owns $0 of the stock according to the SEC filing.
Here are a few additional firms who have increased or decreased their stake in (PLNT). As of the end of the quarter Schwab Charles Investment Management Inc had bought a total of 8,500 shares growing its holdings by 43.1%. The value of the total investment in Planet Fitness, Inc. Common Sto increased from $308,000 to $533,000 increasing 73.1% since the last quarter. Elk Creek Partners, LLC grew its position by buying 178,237 shares an increase of 39.9%. Elk Creek Partners, LLC claims 624,508 shares worth $11,791,000. The value of the position overall is up by 62.7%.
Metropolitan Life Insurance Co/ny divested its ownership by selling 5,358 shares a decrease of 34.6% in the quarter. Metropolitan Life Insurance Co/ny now holds 10,147 shares valued at $192,000. The total value of its holdings decreased 23.8%. Capital World Investors added to its holdings by buying 403,000 shares an increase of 13.8% as of 06/30/2016. Capital World Investors now controls 3,329,286 shares with a value of $62,857,000. The total value of its holdings increased 32.3%.
August 15 investment analysts at Imperial Capital maintained a stock rating of “Outperform” and moved up the price target to $25.00 from $22.00. Equity analyst JP Morgan starting coverage on the stock with a rating of “Overweight” and establishing a price target of $22.00.
On May 12 Imperial Capital kept the stock rating at “Outperform” but raised the price target from $21.00 to $22.00. On April 14, 2016 Imperial Capital initiated coverage on PLNT giving it an initial rating of “Outperform” and projecting a price target of $21.00.
Roth Capital initiated coverage on the stock setting a rating of “Buy” and price target of $18.00. On December 3 analysts at Stephens & Co. began coverage of the stock by announcing an initial rating of “Equal-weight” and a price target of $19.00.
The company is now up by 0.40 percent from yesterday’s close. Shares are trading at $20.24 barely below the 50 day moving average of $21.01 and marginally over the 200 day moving average of $18.35. The 50 day moving average moved down $-0.77 whereas the 200 day average was up by +10.31%.