Luxor Capital Group LP Raises Stock Position in Xponential Fitness, Inc. $XPOF

Luxor Capital Group LP lifted its holdings in Xponential Fitness, Inc. (NYSE:XPOF) by 30.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 451,680 shares of the company’s stock after buying an additional 104,785 shares during the period. Luxor Capital Group LP’s holdings in Xponential Fitness were worth $3,519,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. SkyView Investment Advisors LLC lifted its holdings in shares of Xponential Fitness by 4.9% in the 2nd quarter. SkyView Investment Advisors LLC now owns 39,871 shares of the company’s stock valued at $302,000 after acquiring an additional 1,859 shares during the last quarter. Raymond James Financial Inc. increased its stake in Xponential Fitness by 20.4% during the third quarter. Raymond James Financial Inc. now owns 14,732 shares of the company’s stock worth $115,000 after acquiring an additional 2,500 shares during the last quarter. Rhumbline Advisers raised its position in Xponential Fitness by 8.1% during the second quarter. Rhumbline Advisers now owns 35,633 shares of the company’s stock valued at $267,000 after purchasing an additional 2,668 shares during the period. Vanguard Group Inc. lifted its stake in shares of Xponential Fitness by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,554,023 shares of the company’s stock valued at $12,106,000 after purchasing an additional 4,495 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Xponential Fitness by 19.8% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 33,447 shares of the company’s stock valued at $251,000 after purchasing an additional 5,518 shares during the last quarter. 58.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on XPOF shares. Zacks Research downgraded Xponential Fitness from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. Wall Street Zen downgraded Xponential Fitness from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Robert W. Baird dropped their price objective on shares of Xponential Fitness from $8.00 to $6.50 and set a “neutral” rating for the company in a research note on Friday, February 27th. KeyCorp assumed coverage on shares of Xponential Fitness in a research report on Thursday, March 12th. They set a “sector weight” rating on the stock. Finally, Stifel Nicolaus lowered their target price on shares of Xponential Fitness from $10.00 to $8.00 and set a “hold” rating for the company in a report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.92.

Xponential Fitness Stock Performance

Shares of NYSE XPOF opened at $5.68 on Tuesday. The business’s 50 day moving average price is $7.55 and its 200-day moving average price is $7.48. Xponential Fitness, Inc. has a fifty-two week low of $3.83 and a fifty-two week high of $11.14. The company has a market cap of $278.36 million, a price-to-earnings ratio of -3.89 and a beta of 1.48.

Xponential Fitness (NYSE:XPOF) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.88). The business had revenue of $82.96 million for the quarter, compared to analysts’ expectations of $73.42 million. Xponential Fitness had a negative net margin of 10.90% and a negative return on equity of 2.19%. Xponential Fitness’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.19) EPS. Sell-side analysts predict that Xponential Fitness, Inc. will post 0.61 earnings per share for the current year.

Xponential Fitness Company Profile

Xponential Fitness is a leading franchisor and operator of boutique fitness studios headquartered in Irvine, California. The company specializes in developing, marketing, and supporting a portfolio of fitness brands that deliver low-impact cardio, strength training, and mindful movement workouts. Through its asset-light franchise model, Xponential provides entrepreneurs with proprietary studio designs, branded equipment, digital support, and comprehensive training programs to ensure consistent member experiences.

Its portfolio comprises core brands such as Club Pilates, Pure Barre, CycleBar, StretchLab, YogaSix, Row House, Rumble, AKT, and STRIDE.