Russell Investments Group Ltd. Reduces Stake in Xponential Fitness, Inc. – Insider Buying and Selling, Analyst Ratings, and Stock Performance
Investment firm Russell Investments Group Ltd. has made a significant move in the world of fitness by cutting its stake in Xponential Fitness, Inc. by 19.7% during the 4th quarter, according to a recent report from HoldingsChannel. The firm sold 12,838 shares, reducing its holdings to 52,480 shares worth $676,000.
This change in ownership comes as other institutional investors and hedge funds have also been active in modifying their holdings of Xponential Fitness. Voss Capital LLC purchased a new stake in the company worth $29,776,000, while MSD Partners L.P. increased its position by 116.2% during the third quarter. Jacobs Levy Equity Management Inc. and Eagle Asset Management Inc. also acquired new positions, with the former worth $10,415,000 and the latter boosting its holdings by 22.0%.
Insider activity within Xponential Fitness has also been in focus, with insider Andrew Hagopian selling 5,260 shares of the stock in a recent transaction. President Sarah Luna also sold 5,399 shares, contributing to a total of 34,720 shares sold by insiders over the last three months.
Analysts have been closely watching Xponential Fitness, with recent reports from B. Riley, Citigroup, Robert W. Baird, Bank of America, and Piper Sandler providing target prices and ratings for the company. XPOF currently has an average rating of “Moderate Buy” with an average price target of $21.50.
Despite these developments, Xponential Fitness stock saw a dip of 3.3% recently, with shares opening at $8.51 on Tuesday. The company’s market cap is $409.08 million, with a PE ratio of -14.93 and a beta of 1.20.
Xponential Fitness recently reported its quarterly earnings results, with earnings per share of $0.16 missing analysts’ estimates by $0.02. The company had revenue of $79.52 million for the quarter, showing a 12.5% increase compared to the same quarter last year. Analysts forecast Xponential Fitness to post 0.75 EPS for the current fiscal year.
Xponential Fitness, Inc. operates as a boutique fitness franchisor in North America, offering a variety of fitness services under different brands. Investors can keep track of the latest developments by visiting HoldingsChannel.com for updated 13F filings and insider trades related to Xponential Fitness, Inc.
