Geode Capital Management LLC Raises Holdings in Xponential Fitness, Inc. (NYSE:XPOF)

Geode Capital Management LLC lifted its stake in Xponential Fitness, Inc. (NYSE:XPOF) by 0.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 538,436 shares of the company’s stock after purchasing an additional 3,658 shares during the quarter. Geode Capital Management LLC owned about 1.12% of Xponential Fitness worth $6,678,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Quarry LP lifted its position in Xponential Fitness by 80.4% during the 2nd quarter. Quarry LP now owns 3,692 shares of the company’s stock worth $58,000 after acquiring an additional 1,646 shares during the period. State Street Corp raised its stake in shares of Xponential Fitness by 0.4% in the third quarter. State Street Corp now owns 541,092 shares of the company’s stock worth $6,710,000 after purchasing an additional 1,977 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Xponential Fitness during the second quarter worth about $34,000. Principal Financial Group Inc. boosted its position in Xponential Fitness by 13.1% in the second quarter. Principal Financial Group Inc. now owns 19,021 shares of the company’s stock valued at $297,000 after buying an additional 2,203 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Xponential Fitness by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 195,380 shares of the company’s stock worth $2,423,000 after buying an additional 2,670 shares during the period. 58.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Xponential Fitness

In other news, Director Mark Grabowski sold 2,595,598 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $15.35, for a total transaction of $39,842,429.30. Following the completion of the transaction, the director now directly owns 30,546 shares of the company’s stock, valued at $468,881.10. This represents a 98.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Andrew Hagopian sold 26,740 shares of Xponential Fitness stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $12.18, for a total transaction of $325,693.20. Following the completion of the sale, the insider now directly owns 255,764 shares in the company, valued at $3,115,205.52. This represents a 9.47 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 47.83% of the company’s stock.

Xponential Fitness Stock Performance

XPOF stock opened at $15.26 on Friday. Xponential Fitness, Inc. has a one year low of $7.40 and a one year high of $18.95. The firm’s fifty day moving average is $14.31 and its 200 day moving average is $14.31. The firm has a market cap of $737.10 million, a PE ratio of -13.16 and a beta of 1.26.

Analyst Ratings Changes

Several brokerages have commented on XPOF. Stifel Nicolaus lifted their price objective on shares of Xponential Fitness from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Piper Sandler decreased their target price on shares of Xponential Fitness from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Xponential Fitness currently has a consensus rating of “Moderate Buy” and an average target price of $17.17.

About Xponential Fitness

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.