logo
Here's Why Greystone Capital Management Sold Xponential Fitness (XPOF)?

Here's Why Greystone Capital Management Sold Xponential Fitness (XPOF)?

Yahoo07-05-2025

Greystone Capital Management, an investment management company, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the median account return for separate accounts managed by the firm was -7.9%, net of fees. The fund unfavorably and favorably compared to the S&P 500 and Russell 2000 returns of -4.2% and -9.5% during the quarter. Client portfolios are concentrated in small companies mostly outside major indices, leading to returns that typically differ from those indices. In addition, you can check the fund's top 5 holdings to find out its best picks for 2025.
In its first-quarter 2025 investor letter, Greystone Capital Management highlighted stocks such as Xponential Fitness, Inc. (NYSE:XPOF), in the fourth quarter 2024 investor letter. Xponential Fitness, Inc. (NYSE:XPOF) is a North America-based boutique fitness franchisor. The one-month return of Xponential Fitness, Inc. (NYSE:XPOF) was 5.94%, and its shares lost 31.41% of their value over the last 52 weeks. On May 6, 2025, Xponential Fitness, Inc. (NYSE:XPOF) stock closed at $8.21 per share with a market capitalization of $397.438 million.
Greystone Capital Management stated the following regarding Xponential Fitness, Inc. (NYSE:XPOF) in its Q1 2025 investor letter:
"Xponential Fitness, Inc. (NYSE:XPOF) was a new position for us that I started buying in late February and spoke briefly about during our annual meeting. I won't rehash the details, but based on our work, I was under the impression that the company's past issues were in the rearview mirror, and with a new management team in place, the future seemed bright. We bought our shares at a wide discount to other franchise businesses, despite the high-quality business and growth prospects.
A group of people in the fitness studio doing a yoga or pilates class.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Judge Orders J&J Subsidiary to Pay $442 Million in Antitrust Lawsuit
Judge Orders J&J Subsidiary to Pay $442 Million in Antitrust Lawsuit

Yahoo

time22 minutes ago

  • Yahoo

Judge Orders J&J Subsidiary to Pay $442 Million in Antitrust Lawsuit

Johnson & Johnson (NYSE:JNJ) is one of the best Dow stocks to invest in. Recently, a federal judge ruled that a Johnson & Johnson subsidiary must pay $442 million in damages after a jury concluded last month that the company had broken antitrust laws by withholding support from hospitals that used reprocessed catheters. U.S. District Judge James Selna ordered the company to pay three times the $147 million in damages awarded by the jury, as permitted under antitrust regulations. This sum does not include legal fees or other related costs. Daniel Vukelich, CEO of the Association of Medical Device Reprocessors, described the decision as 'a seismic result.' In response, a Johnson & Johnson (NYSE:JNJ) spokesperson said the company intends to appeal the verdict but will comply with the court's decision and any required relief for now. The spokesperson added, 'We strongly disagree with the jury's verdict and believe it will not withstand appellate review.' Innovative Health sued Johnson & Johnson (NYSE:JNJ)'s Biosense Webster in 2019, claiming the company used its market power to block hospitals from using reprocessed heart-mapping catheters by tying support for its Carto 3 system to purchases of its own products. A jury found Johnson & Johnson (NYSE:JNJ) violated antitrust laws by withholding support for the reprocessed devices. AMDR's CEO said the ruling signals that anti-competitive tactics against reprocessing won't be tolerated. The case was heard in the U.S. District Court for the Central District of California. While we acknowledge the potential of JNJ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None.

Metal manufacturer to lay off nearly 150 in Lakeville, Shakopee, Plymouth
Metal manufacturer to lay off nearly 150 in Lakeville, Shakopee, Plymouth

Yahoo

time25 minutes ago

  • Yahoo

Metal manufacturer to lay off nearly 150 in Lakeville, Shakopee, Plymouth

A Plymouth-based sheet metal fabricator and manufacturer of precision metal components will close all of its Minnesota facilities, including its Lakeville, Plymouth and Shakopee locations, laying off nearly 150 workers following failed efforts to put itself up for sale. J&E Companies will lay off 45 employees from its Lakeville site alone, including welders, machine operators, process engineers, plant managers, drivers and other job classifications. A letter to the Minnesota Department of Employment and Economic Development, dated June 2, indicated that the layoffs will take effect that same day 'due to financial difficulties and circumstances,' and that 'a potential sale of the business' had fallen through. The workers are non-unionized and do not have bumping rights, according to the company's letter, which is signed by a corporate adviser from Harney Partners. J&E Companies was founded more than 65 years ago and provided precision machining and fabrication services to the medical, aerospace, commercial and agricultural industries, according to its website. In 2022, it acquired R&B, a Wisconsin-based precision machining company with more than 100 employees. In all, the merged companies maintained six sites in Minnesota, Racine, Wis. and Reynosa, Mexico, with a combined total of 325 employees. A call to a company spokesperson was not immediately returned on Wednesday. Whitebridge Capital Partners announced Wednesday it is acquiring the major assets of R&B Grinding of Racine, which will be renamed RB Industrial Manufacturing LLC, 'in recognition of the full range of machining processes the company can provide from its 140,000 square foot facility,' reads a statement from Whitebridge, which specializes in distressed manufacturing companies. 'We're not involved in the Minnesota operations at all,' said Todd DiBenedetto, principal with Whitebridge Capital Partners, in a brief phone interview on Wednesday. He said the Mexican plant was still in operation, and 'we are looking at it. We may get involved with it in the future, but right this second, we're not.' Feds: Minneapolis, Dakota County search warrants stemmed from 900 lbs of meth found in Burnsville storage unit Eagan city administrator withdraws resignation, passes up ICMA role Community memorial set for William 'Ike' Eickholt, found dead last winter MN Legislature: Measure to divert transportation funds from counties dropped Charges filed in drive-by shooting outside Burnsville High School graduation

Raising Cane's Just Opened Its First Location In This Southern City
Raising Cane's Just Opened Its First Location In This Southern City

Yahoo

time25 minutes ago

  • Yahoo

Raising Cane's Just Opened Its First Location In This Southern City

When Raising Cane's opened its first location in Southaven, Mississippi this week, a long line of customers was already waiting. It's no wonder, because the new restaurant gave 20 lucky customers free Cane's for a year, according to WREG in Memphis. The Louisiana-based chicken chain is known for chicken fingers dipped in Cane's Sauce, a proprietary and top-secret recipe. Combos come with a side of crinkle-cut fries, cole slaw, and Texas toast. WREG says a 10-year-old, Adam Hamed, got his parents to drive him from out of town at 6 a.m. for a chance at free chicken. The store opened at 10 and Hamed was 83rd in line. 'It's the sauce and the chicken tenders. That's what I love — the sauce,' said Hamed. As for the woman who was first in line, Suzette Hughes from Milington, she slept outside the door. 'There is no place like Cane's… no place like Cane's… no place like Cane's,' she told WREG. 'I got here last night, about 8 last night, camped on the sidewalk. Had my blowup queen-size air bed. That's where I slept.' Those who didn't win a year's worth of chicken still got something for their efforts. The chicken chain gave out a commemorative hat and free box combo card to the first 100 buyers of a combo. Raising Cane's has added more than 800 locations since the original restaurant opened near LSU's campus in 1996. Read the original article on Southern Living

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store