JCP Investment Management LLC Takes $3.92 Million Position in Xponential Fitness, Inc. (NYSE:XPOF)

JCP Investment Management LLC purchased a new stake in Xponential Fitness, Inc. (NYSE:XPOF) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 250,975 shares of the company’s stock, valued at approximately $3,915,000. Xponential Fitness makes up about 4.4% of JCP Investment Management LLC’s investment portfolio, making the stock its 10th biggest holding. JCP Investment Management LLC owned about 0.52% of Xponential Fitness at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in shares of Xponential Fitness by 684.4% in the second quarter. AQR Capital Management LLC now owns 109,963 shares of the company’s stock worth $1,715,000 after acquiring an additional 95,945 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in Xponential Fitness in the second quarter valued at approximately $1,076,000. Canada Pension Plan Investment Board bought a new stake in shares of Xponential Fitness during the second quarter worth $72,000. Dimensional Fund Advisors LP increased its holdings in shares of Xponential Fitness by 63.1% during the second quarter. Dimensional Fund Advisors LP now owns 25,397 shares of the company’s stock worth $396,000 after buying an additional 9,827 shares in the last quarter. Finally, Hiddenite Capital Partners LP bought a new position in shares of Xponential Fitness in the 2nd quarter valued at $2,730,000. Institutional investors own 58.55% of the company’s stock.

Analyst Upgrades and Downgrades

XPOF has been the subject of several research reports. B. Riley increased their target price on Xponential Fitness from $9.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Raymond James reduced their target price on shares of Xponential Fitness from $30.00 to $20.00 and set a “strong-buy” rating on the stock in a report on Friday, August 2nd. Roth Mkm reduced their price objective on shares of Xponential Fitness from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Robert W. Baird decreased their price objective on Xponential Fitness from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Roth Capital raised Xponential Fitness to a “strong-buy” rating in a report on Monday, June 17th. Four 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. Based on data from MarketBeat.com, Xponential Fitness currently has an average rating of “Moderate Buy” and a consensus target price of $17.28.

Xponential Fitness Stock Performance

Shares of XPOF opened at $12.29 on Friday. The firm has a market cap of $592.01 million, a PE ratio of -21.56 and a beta of 1.19. Xponential Fitness, Inc. has a 52-week low of $7.40 and a 52-week high of $18.95. The business’s 50 day moving average price is $14.11 and its two-hundred day moving average price is $13.71.

Xponential Fitness (NYSE:XPOF) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.22). The company had revenue of $76.50 million for the quarter, compared to analyst estimates of $83.63 million. Xponential Fitness had a negative net margin of 6.51% and a negative return on equity of 9.35%. Xponential Fitness’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 EPS. Research analysts predict that Xponential Fitness, Inc. will post 0.79 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, President Sarah Luna sold 14,400 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $13.85, for a total value of $199,440.00. Following the transaction, the president now owns 290,297 shares of the company’s stock, valued at approximately $4,020,613.45. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 47.83% of the company’s stock.

Xponential Fitness Company Profile

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.