Robert Schwartz from Cooper Creek Partners in the latest letter to the investors decided to in depth explain one of their recent investments. The company in question is Planet Fitness Inc. (NYSE:PLNT).
Currently, by looking at the size of the holding PLNT takes the fifth place in the Cooper Creek portfolio with a weight of 3.34%. They made an initial investment in Q1 2024 buying 1.06 million shares, while in Q2 they added another 190 thousand to the position. They paid $67.86 per share on average, while the current share price has risen to $81.39 which is an increase of 18.13%.
Idea For The Long Position
PLNT is one of the biggest players in the fitness franchising and operating sector with low-price and...
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