Amundi Cuts Stake in Planet Fitness, (NYSE:PLNT) by 6.8% in 4Q
December 21, 2022
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Planet Fitness ($NYSE:PLNT), Inc. (NYSE:PLNT) is a leading franchisor and operator of fitness centers in the US and Canada. It offers a variety of membership plans, including monthly and annual memberships, and provides access to fitness classes and equipment such as treadmills, elliptical machines, and free weights. In the 4th quarter, Amundi reduced its stake in Planet Fitness, Inc. (NYSE:PLNT) by 6.8%, as stated in its most recent filing with the Securities and Exchange Commission. The filing does not provide any additional details about why Amundi decided to reduce its stake in Planet Fitness.
However, it is likely that this move is related to the company’s recent performance. It is possible that Amundi decided to reduce its stake in order to minimize potential losses from this underperformance. Given the current market conditions, it will be interesting to see if Amundi decides to further reduce its stake in Planet Fitness in the future. If they do decide to do so, it could put additional downward pressure on the stock price.
Stock Price
Currently, the media exposure for Planet Fitness has been mostly positive due to their commitment towards providing a safe and healthy environment for their customers. On Thursday, the stock opened at $77.2, before closing at $76.6, down by 1.8% from its previous closing price of $78.0. Despite the negative shift in the stock price, investors still remain positive with the company’s progress as they continue to expand their presence in the fitness industry. Planet Fitness has recently taken steps to invest in new technologies and services to maximize the convenience and safety of its customers. From virtual training to a mobile app, the company is continuously looking for ways to improve customer experience.
In addition, Planet Fitness has also announced plans to open a new franchise in the near future. Overall, Amundi’s decision to reduce its stake in Planet Fitness may have been prompted by the current market conditions, but the company’s long-term prospects still remain strong. With a focus on customer safety and convenience, Planet Fitness is well-positioned to capitalize on the current fitness industry trend. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Planet Fitness. More…
| Total Revenues | Net Income | Net Margin |
| 839.14 | 71.46 | 7.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Planet Fitness. More…
| Operations | Investing | Financing |
| 230.22 | -493.34 | 145.52 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Planet Fitness. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.85k | 3.09k | -2.44 |
Key Ratios Snapshot
Some of the financial key ratios for Planet Fitness are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.7% | -4.6% | 22.7% |
| FCF Margin | ROE | ROA |
| 16.8% | -62.5% | 4.3% |
VI Analysis
Planet Fitness is a low-risk investment according to VI Risk Rating, which evaluates the financial and business aspects of a company. The VI App provides a simple way to analyze the fundamentals of the company, giving insight into its long term potential. The app has detected two risk warnings in the income sheet and cashflow statement. Potential investors should be aware of these warnings and further investigate the company before investing. The app also provides a comprehensive analysis of the company’s financials, including revenue growth, profitability, debt levels and more. This information allows investors to confidently assess the company’s potential for long-term success. In addition to these fundamentals, the app also provides an overview of the industry and competitive landscape. This helps investors understand the competitive environment the company operates in and any potential risks or opportunities associated with it. The VI App is a valuable tool for assessing the long-term potential of a company, and Planet Fitness is a low-risk investment when evaluated through this lens. Potential investors should take the time to review all available information before committing their money. More…
VI Peers
Planet Fitness Inc is in competition with Destination Maternity Corp, Tractor Supply Co, and Accel Entertainment Inc. Each company is vying for a share of the market and the customer base. Each company has its own strengths and weaknesses, and each is trying to get an edge over the others.
– Destination Maternity Corp ($OTCPK:DESTQ)
Destination Maternity Corporation is a publicly traded retailer of maternity apparel in the United States. The Company operates through two segments: Motherhood Maternity(R) and A Pea in the Pod(R). As of October 28, 2017, the Company operated 1,948 retail locations, of which 1,060 were Motherhood Maternity stores, 514 were Destination Maternity stores, 274 were A Pea in the Pod stores and 100 were leased departments located within department stores and baby specialty stores. The Company’s retail locations are located in the United States, Puerto Rico, Canada and the United Kingdom. The Company offers a variety of apparel, including casual wear, work-out wear, sleepwear, lingerie and accessories. The Company also offers a line of nursing apparel and a line of children’s clothing.
– Tractor Supply Co ($NASDAQ:TSCO)
Tractor Supply Company is an American retail chain of stores that offer products for home improvement, agriculture, lawn and garden maintenance, and livestock, equine and pet care. It operates more than 2,000 stores in the United States.
Tractor Supply’s market cap is $23.79 billion as of 2022. The company’s return on equity is 45.88%. Tractor Supply is a leading retailer in the United States, offering products for home improvement, agriculture, lawn and garden maintenance, and livestock, equine and pet care. The company operates more than 2,000 stores across the country.
– Accel Entertainment Inc ($NYSE:ACEL)
Accel Entertainment Inc is a gaming technology company that provides gaming devices, systems and services for the gaming industry. The company has a market capitalization of $842.69 million and a return on equity of 32.45%. Accel Entertainment Inc provides gaming devices, systems and services for the gaming industry. The company offers gaming devices, systems and services for the gaming industry.
Summary
Investing in Planet Fitness, Inc. (NYSE:PLNT) is an attractive opportunity, as the company has seen major growth in the last few years. The company’s ability to offer attractive membership packages and its no-frills gyms have been a major draw for its customers. Given its strong growth prospects and competitive advantages, Planet Fitness is an attractive investment opportunity for investors looking for long-term growth. The company’s low-cost membership model and established presence make it an attractive target for investors looking to benefit from a growing industry.
In addition, the company’s ongoing expansion plans and increasing media exposure should help further bolster its growth prospects in the coming years. All in all, investing in Planet Fitness is an attractive option for those looking to add a strong and growing company to their portfolio.
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