Frontier Capital Management Co. LLC raised its stake in shares of Xponential Fitness, Inc. (NYSE:XPOF – Get Rating) by 30.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 103,665 shares of the company’s stock after buying an additional 24,417 shares during the period. Frontier Capital Management Co. LLC’s holdings in Xponential Fitness were worth $2,430,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new position in Xponential Fitness during the 3rd quarter valued at about $3,969,000. Rice Hall James & Associates LLC acquired a new position in Xponential Fitness during the 4th quarter valued at about $3,666,000. Renaissance Technologies LLC acquired a new position in Xponential Fitness during the 4th quarter valued at about $3,542,000. EAM Global Investors LLC acquired a new position in Xponential Fitness during the 4th quarter valued at about $2,202,000. Finally, Squarepoint Ops LLC increased its stake in Xponential Fitness by 3.3% during the 4th quarter. Squarepoint Ops LLC now owns 103,274 shares of the company’s stock valued at $2,111,000 after buying an additional 3,274 shares during the period. 60.65% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Mark Grabowski sold 5,175,000 shares of the firm’s stock in a transaction that occurred on Monday, April 11th. The shares were sold at an average price of $20.00, for a total transaction of $103,500,000.00. Following the transaction, the director now owns 6,122 shares of the company’s stock, valued at $122,440. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 69.33% of the company’s stock.
Several brokerages have recently issued reports on XPOF. Evercore ISI began coverage on shares of Xponential Fitness in a research note on Monday, March 14th. They issued an “outperform” rating and a $34.00 price objective on the stock. Raymond James lowered their price objective on shares of Xponential Fitness from $28.00 to $27.00 and set a “strong-buy” rating on the stock in a research note on Friday, March 4th. Finally, Robert W. Baird lifted their price objective on shares of Xponential Fitness from $26.00 to $28.00 in a research note on Monday, March 14th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $24.83.
Shares of XPOF opened at $12.48 on Monday. Xponential Fitness, Inc. has a one year low of $9.87 and a one year high of $26.90. The company has a 50-day moving average of $17.48 and a two-hundred day moving average of $19.06. The stock has a market cap of $609.21 million and a price-to-earnings ratio of -2.67.
Xponential Fitness (NYSE:XPOF – Get Rating) last announced its earnings results on Thursday, May 12th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.34). Xponential Fitness had a negative return on equity of 24.68% and a negative net margin of 17.11%. The firm had revenue of $50.36 million during the quarter, compared to analyst estimates of $45.48 million. On average, sell-side analysts forecast that Xponential Fitness, Inc. will post 0.95 EPS for the current year.
About Xponential Fitness (Get Rating)
Xponential Fitness, Inc, through its subsidiaries, operates as a boutique fitness franchisor in the United States and internationally. The company offers fitness and wellness services, including pilates, barre, cycling, stretching, rowing, yoga, boxing, dancing, running, and functional training under the Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT brands.
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