Macquarie Group Ltd. lifted its stake in shares of Xponential Fitness, Inc. (NYSE:XPOF – Free Report) by 3,305.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 92,317 shares of the company’s stock after acquiring an additional 89,606 shares during the quarter. Macquarie Group Ltd. owned approximately 0.19% of Xponential Fitness worth $2,806,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Dorsey Wright & Associates purchased a new position in shares of Xponential Fitness during the fourth quarter worth approximately $28,000. Point72 Hong Kong Ltd purchased a new position in shares of Xponential Fitness during the second quarter worth approximately $34,000. Advisor Group Holdings Inc. increased its position in shares of Xponential Fitness by 139.0% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,251 shares of the company’s stock worth $51,000 after acquiring an additional 1,309 shares during the period. Tucker Asset Management LLC purchased a new position in shares of Xponential Fitness during the first quarter worth approximately $83,000. Finally, American International Group Inc. increased its position in shares of Xponential Fitness by 29.8% during the second quarter. American International Group Inc. now owns 7,939 shares of the company’s stock worth $100,000 after acquiring an additional 1,824 shares during the period. 52.97% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Xponential Fitness
In related news, CEO Anthony Geisler acquired 23,150 shares of the stock in a transaction dated Friday, August 11th. The stock was acquired at an average cost of $21.47 per share, for a total transaction of $497,030.50. Following the completion of the purchase, the chief executive officer now owns 339,815 shares of the company’s stock, valued at approximately $7,295,828.05. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other Xponential Fitness news, CEO Anthony Geisler purchased 23,150 shares of the stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $21.47 per share, with a total value of $497,030.50. Following the completion of the acquisition, the chief executive officer now owns 339,815 shares in the company, valued at $7,295,828.05. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Sarah Luna sold 15,262 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $19.91, for a total transaction of $303,866.42. Following the completion of the sale, the president now directly owns 254,892 shares in the company, valued at $5,074,899.72. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 60,340 shares of company stock worth $1,332,722 and sold 48,647 shares worth $912,128. Insiders own 47.86% of the company’s stock.
Xponential Fitness Stock Down 3.9 %
Xponential Fitness (NYSE:XPOF – Get Free Report) last announced its earnings results on Thursday, August 3rd. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.04). Xponential Fitness had a net margin of 0.36% and a negative return on equity of 19.10%. The firm had revenue of $77.34 million during the quarter, compared to analyst estimates of $71.93 million. On average, sell-side analysts expect that Xponential Fitness, Inc. will post 0.55 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on XPOF shares. Morgan Stanley reaffirmed an “overweight” rating and set a $32.00 target price on shares of Xponential Fitness in a research report on Friday, August 4th. Piper Sandler cut their price objective on shares of Xponential Fitness from $42.00 to $36.00 in a report on Thursday, June 22nd. Citigroup cut their price objective on shares of Xponential Fitness from $39.00 to $30.00 in a report on Friday, August 4th. Finally, Guggenheim cut their price objective on shares of Xponential Fitness from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Friday. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $33.38.
Xponential Fitness Profile
Xponential Fitness, Inc, through its subsidiaries, operates as a boutique fitness franchisor in North America. It offers pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, functional training, and yoga services under the Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT brands.
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