Dynamic Technology Lab Private Ltd Reduces Stake in Xponential Fitness, Inc. (NYSE:XPOF) during Fourth Quarter
Dynamic Technology Lab Private Ltd has reduced its stake in Xponential Fitness, Inc. by 36.3% according to the company’s recent 13F filing with the Securities & Exchange Commission. The institutional investor now owns 33,401 shares of the company’s stock after selling 19,019 shares during the fourth quarter, worth $430,000.
Other hedge funds have also made changes to their positions in Xponential Fitness. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings by 39.5%, Mirae Asset Global Investments Co. Ltd. purchased a new position, and Versor Investments LP and Harbor Capital Advisors Inc. also bought shares. Graham Capital Management L.P. raised its holdings by 50.2% in the third quarter. Currently, 58.55% of the stock is owned by institutional investors.
In terms of analyst ratings, several research firms have issued reports on Xponential Fitness. The stock has received buy, hold, and strong buy ratings from various firms. The average target price for the stock is $21.50.
In insider news, CFO John P. Meloun and CEO Anthony Geisler both sold shares of Xponential Fitness. The company is trading up 3.6% on the NYSE.
Xponential Fitness recently announced its quarterly earnings results, reporting $0.16 earnings per share for the quarter, slightly below analysts’ estimates. The company had revenue of $79.52 million, up 12.5% from the previous year. Analysts expect Xponential Fitness to post 0.75 earnings per share 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. Receive daily news and ratings for Xponential Fitness by signing up for MarketBeat.com’s free daily email newsletter.
