Rockefeller Capital Management L.P. Takes $3.17 Million Position in Xponential Fitness, Inc. (NYSE:XPOF)

Rockefeller Capital Management L.P. bought a new stake in shares of Xponential Fitness, Inc. (NYSE:XPOF) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 255,740 shares of the company’s stock, valued at approximately $3,171,000. Rockefeller Capital Management L.P. owned about 0.53% of Xponential Fitness as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. JCP Investment Management LLC purchased a new stake in shares of Xponential Fitness during the second quarter valued at $3,915,000. Algert Global LLC lifted its stake in Xponential Fitness by 4.0% in the 2nd quarter. Algert Global LLC now owns 203,823 shares of the company’s stock worth $3,180,000 after acquiring an additional 7,825 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 acquiring an additional 2,670 shares in the last quarter. Hiddenite Capital Partners LP purchased a new stake in Xponential Fitness in the 2nd quarter worth about $2,730,000. Finally, AQR Capital Management LLC lifted its stake in Xponential Fitness by 684.4% in the 2nd 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 in the last quarter. 58.55% of the stock is owned by hedge funds and other institutional investors.

Xponential Fitness Stock Performance

Shares of NYSE XPOF opened at $15.27 on Friday. The firm has a market cap of $737.59 million, a price-to-earnings ratio of -13.16 and a beta of 1.26. The business’s 50-day simple moving average is $13.54 and its 200-day simple moving average is $13.73. Xponential Fitness, Inc. has a 52 week low of $7.40 and a 52 week high of $18.95.

Insider Activity

In related news, insider Andrew Hagopian sold 26,740 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was 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 owns 255,764 shares in the company, valued at $3,115,205.52. This represents a 9.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Grabowski sold 2,595,598 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $15.35, for a total value of $39,842,429.30. Following the sale, the director now owns 30,546 shares of the company’s stock, valued at approximately $468,881.10. The trade was a 98.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,636,738 shares of company stock valued at $40,367,563. Insiders own 47.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XPOF. Piper Sandler reduced their price objective on Xponential Fitness from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Stifel Nicolaus increased their price objective on Xponential Fitness from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.17.

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.