Balyasny Asset Management L.P. Lowers Stake in XPEL, Inc. (NASDAQ:XPEL)

Balyasny Asset Management L.P. cut its stake in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 79.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,164 shares of the company's stock after selling 46,003 shares during the quarter. Balyasny Asset Management L.P.'s holdings in XPEL were worth $486,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Quantbot Technologies LP boosted its holdings in shares of XPEL by 46.0% in the fourth quarter. Quantbot Technologies LP now owns 2,165 shares of the company's stock worth $86,000 after buying an additional 682 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of XPEL by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 15,485 shares of the company's stock worth $618,000 after buying an additional 854 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of XPEL by 2.4% in the fourth quarter. Invesco Ltd. now owns 50,480 shares of the company's stock worth $2,016,000 after buying an additional 1,201 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in XPEL by 6.7% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 21,964 shares of the company's stock valued at $877,000 after purchasing an additional 1,382 shares in the last quarter. Finally, XTX Topco Ltd raised its position in shares of XPEL by 22.6% during the fourth quarter. XTX Topco Ltd now owns 8,324 shares of the company's stock valued at $332,000 after buying an additional 1,535 shares during the last quarter. 75.08% of the stock is currently owned by institutional investors.

XPEL Stock Performance

Shares of XPEL stock traded down $0.86 on Wednesday, hitting $36.59. 23,969 shares of the company traded hands, compared to its average volume of 204,648. The business has a 50-day simple moving average of $30.55 and a 200 day simple moving average of $37.31. XPEL, Inc. has a 52 week low of $24.25 and a 52 week high of $48.58. The stock has a market capitalization of $1.01 billion, a P/E ratio of 20.90 and a beta of 1.83.

XPEL (NASDAQ:XPEL - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.06. XPEL had a net margin of 11.61% and a return on equity of 24.68%. The business had revenue of $103.81 million for the quarter, compared to analysts' expectations of $97.40 million. During the same quarter in the previous year, the business posted $0.24 earnings per share. The business's revenue was up 15.2% compared to the same quarter last year. Research analysts expect that XPEL, Inc. will post 1.73 earnings per share for the current year.

XPEL announced that its Board of Directors has initiated a share buyback plan on Tuesday, May 6th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to purchase up to 5.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

XPEL Company Profile

XPEL, Inc sells, distributes, and installs protective films and coatings worldwide. The company offers automotive surface and paint protection film, headlight protection, and automotive and architectural window films, as well as proprietary DAP software. It also provides pre-cut film products, merchandise and apparel, ceramic coatings, and tools and accessories.