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Shares of Planet Health, Inc. (NYSE:PLNT) Raymond James & Associates bought

In keeping with the latest submitting with the SEC, Raymond James & Associates elevated its holdings in Planet Health, Inc. (NYSE: PLNT). The submitting was made in the course of the third quarter. The group completed the interval with 46,382 shares of the corporate’s inventory. This was completed by buying an extra 8,198 shares within the firm all through the month. Raymond James & Associates owned roughly 0.05% of Planet Health on the finish of the latest reporting interval, equal to $2,674,000 in worth.

A number of different hedge funds have additionally modified their stakes within the firm in the latest interval. First Horizon Advisors Inc. elevated the sum of money it invested in Planet Health by 290.5% in the course of the 12 months’s second quarter. First Horizon Advisors Inc. now has a complete of 781 shares of the corporate’s inventory, that are presently valued at $53,000 after buying an extra 581 shares over the following 12 months. These shares have been obtained over the earlier calendar 12 months. Ellevest Inc. elevated the proportion of Planet Health inventory owned by 1,098.8% in the course of the second quarter of the fiscal 12 months. Through the quarter, Ellevest Inc. purchased 890 shares of the corporate’s inventory. This brings the entire variety of shares the corporate owns to 971, which has an equal worth of $66,000. Through the second quarter of the fiscal 12 months, Parallel Advisors LLC elevated its stake in Planet Health by 565.3 proportion factors. After buying an extra 1,221 shares all through the related interval, Parallel Advisors LLC now holds 1,437 shares of the corporate’s inventory, which has an intrinsic worth of $98,000. These shares have been acquired in the course of the interval in query. Over the primary three months of this 12 months, Captrust Monetary Advisors noticed an increase of 23% within the worth of their funding in Planet Health. Following the acquisition of an extra 219 shares throughout the latest interval, Captrust Monetary Advisors now possesses 1,172 shares of the corporate’s inventory, which have a mixed worth of $99,000. This brings the agency’s complete variety of shares owned to 1,172. Final however not least, in the course of the second quarter, Brown Brothers Harriman & Co. bought a brand new place at Planet Health for roughly $108,000. The overwhelming majority of the corporate’s shares, or 94.56%, are owned by institutional traders and hedge funds.

A major variety of analysis organizations are presently focusing their consideration on PLNT. In keeping with a report printed on November 16, Cowen has elevated the worth goal that it has set for the shares of Planet Health from $80.00 to $90.00. The earlier goal value was $80.00. Planet Health had a ranking of “underperform” up to now, however Robert W. Baird has given the corporate a ranking of “outperform” and elevated their value goal for the inventory from $95.00 to $100.00. As well as, they’ve raised their value goal for the inventory. This info was supplied in a report that was distributed on January 11. BMO Capital Markets had beforehand rated Planet Health with an “underperform” ranking; nevertheless, the corporate has since been upgraded to an “outperform” ranking and has had its value goal raised from $88.00 to $90.00. As well as, the worth goal was raised by $2.00. The findings of the research have been made public on November 9. Guggenheim lowered their goal value on Planet Health inventory to $85.00 per share in a report printed on November 1. Raymond James elevated their goal value for Planet Health shares from $80.00 to $92.00 in a analysis report printed on Wednesday, November 16. This marked the third time the corporate elevated its costs in as many days. Three analysts have rated the inventory as a maintain, eleven analysts have rated the inventory as a purchase, and one analyst has rated the inventory as a powerful purchase. In keeping with the data supplied by Bloomberg.com, the common value goal for the corporate is ready at 93.46 {dollars}, and the corporate is presently rated as having a reasonable purchase consensus advice.

On Friday, shares of Planet Health have been provided on the market for $79.22 every when buying and selling started. Through the previous 12 months, Planet Health, Inc.’s value fluctuated between $54.15 and $97.04, hitting an all-time low of $54.15 and an all-time excessive of $97.04. The transferring common for the inventory over the previous 50 days is presently at $77.94, whereas the transferring common for the previous 200 days is presently at $72.06. The worth-to-earnings ratio for the corporate is 94.31, the price-to-growth ratio for the corporate is 1.28, and the beta worth for the corporate is 1.23. The corporate has a market capitalization of $7.10 billion as of proper now.

The newest earnings report for Planet Health (NYSE: PLNT) was made public on November 8, a Tuesday. The corporate introduced that its quarterly earnings per share (EPS) got here in at $0.42, which was $0.03 greater than the consensus estimate of $0.39 amongst monetary analysts. Planet Health’s return on fairness was detrimental by 36.77 %, and its internet margin was 8.52 %. The corporate introduced income for the quarter that got here in at $244.39 million, considerably greater than the common expectation of $237.40 million, which the corporate additionally reported. In keeping with projections made out there by sell-side analysis analysts, Planet Health, Inc. is projected to understand $1.59 per share in 2018.

Planet Health, Inc. is within the enterprise of managing health facilities and franchising these places. It may be damaged down into three distinct subcategories: franchises, places owned by the company, and gear. The corporate’s franchise operations are included within the Franchise part of the corporate’s enterprise. They’re carried out worldwide, together with in the USA of America, Puerto Rico, Canada, the Dominican Republic, Panama, Mexico, and Australia. Moreover, the Dominican Republic, Panama, and Mexico additionally take part within the firm’s franchise operations.

Are you curious about gaining extra data concerning the assorted different hedge funds which are preserving an in depth eye on PLNT? By going to HoldingsChannel.com, you possibly can analysis the latest 13F filings and insider transactions for Planet Health, Inc. (NYSE: PLNT).

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