Today we are going to discuss the list of the best fitness stocks to buy now, published by Insider Monkey recently. Physical fitness and mental well-being are the keys of healthy and long life. There are lots of positive effects of fitness, such as getting better sleep, lower level of blood sugar, slimmer body shape just to name a few.
Impacts of the pandemic affected nearly all the industries and sectors. Just very few of them could tell, not only were they able to avoid financial crisis, but they managed to gain. In the beginning of the pandemic, the fitness industry was greatly stricken, but as people recognized the importance of physical activity, the industry began to rise again. In the first half of the year, the global market reported a great 20% revenue.
For today, we have picked up two companies from Insider Monkey’s list. On the fifth spot, we can find Planet Fitness, Inc. (NYSE:PLNT) with 45 hedge funds and total value of hedge fund holdings of $1.5 billion. The company has a fitness clubs chain, ofering massage facilities, training programs and so on. During the third quarter of the 2002, the total revenue was $105.4 million, which meant a 36.8% decrease from the same period of 2019. Karthik Sarma’s SRS Investment Management is the top hedge fund holder with more than $361 million invested in the company at the end of the third quarter. Christopher Rondeau, who is the CEO of Planet Fitness sold 42,929 shares of PLNT on December 8, 2020, at an average price of $75.47 per share. The total sale was $3.2 million. Up on the list, Peloton Interactive, Inc. (NASDAQ:PTON) with 58 hedge funds, and total value of hedge fund holdings of $3.4 billion. It’s a United States headquartered company that operates in exercise equipment. Peloton operates in connected, technology-enabled fitness and streaming of classes for members. The company is among the biggest interactive fitness platforms, having more than 2.6 million members. In the Q4 the company had a total revenue of $607 million, representing 172% year-on-year growth. If you want to gain more information about the list, please jump to the best fitness stocks to buy now.