Quest Partners LLC Acquires New Stake in Xponential Fitness, Inc. – Institutional Investors Show Interest in XPOF
Quest Partners LLC recently acquired a new stake in Xponential Fitness, Inc. during the 4th quarter, according to the latest Form 13F filing with the SEC. The institutional investor purchased 13,518 shares of XPOF stock, valued at approximately $174,000. This move reflects growing confidence in the fitness franchisor, with several other institutional investors and hedge funds also increasing their holdings in the company.
Versor Investments LP bought a new position in Xponential Fitness in the fourth quarter, Landscape Capital Management L.L.C. saw a significant increase in holdings, and Voss Capital LLC made a substantial investment in the company. Additionally, ABS Direct Equity Fund LLC and Panagora Asset Management Inc. entered the Xponential Fitness market, with 58.55% of the stock now owned by institutional investors.
Xponential Fitness stock performance has been closely watched, with shares opening at $9.10 on Tuesday. The company has a 52-week low of $7.40 and a high of $29.16. Analysts are hopeful for growth, with the company recently reporting quarterly earnings slightly below expectations but showing a revenue increase of 12.5% year-over-year.
Wall Street analysts have mixed opinions on Xponential Fitness, with some lowering price targets while others maintain buy ratings. Overall, the company has a consensus rating of “Moderate Buy” and an average price target of $21.50. Xponential Fitness operates as a boutique fitness franchisor in North America, offering a variety of fitness services under different brands.
Overall, the continued interest of institutional investors and the positive outlook from analysts suggest a promising future for Xponential Fitness. Investors are advised to stay updated on the latest developments in the company to make informed decisions about their investments.