1,751,540 Shares in XPEL, Inc. $XPEL Acquired by SCS Capital Management LLC

Key Points

• SCS Capital Management LLC acquired 1,751,540 shares of XPEL, Inc., valued at approximately $51.5 million, making it the firm's 22nd largest holding.
• Other institutional investors, including Schwartz Investment Counsel and GAMMA Investing, significantly increased their stakes in XPEL during the first quarter, with hedge funds owning 75.08% of the stock.
• XPEL reported earnings per share of $0.59 for the last quarter, exceeding analyst expectations and showing a 13.5% revenue increase year over year.

SCS Capital Management LLC bought a new position in XPEL, Inc. (NASDAQ:XPEL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,751,540 shares of the company's stock, valued at approximately $51,460,000. XPEL makes up about 0.7% of SCS Capital Management LLC's portfolio, making the stock its 22nd biggest holding. SCS Capital Management LLC owned about 6.33% of XPEL at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XPEL. Schwartz Investment Counsel Inc. increased its holdings in XPEL by 44.2% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 774,339 shares of the company's stock worth $22,750,000 after acquiring an additional 237,339 shares in the last quarter. GAMMA Investing LLC increased its holdings in XPEL by 11,892.7% in the 1st quarter. GAMMA Investing LLC now owns 98,100 shares of the company's stock worth $2,882,000 after acquiring an additional 97,282 shares in the last quarter. Nuveen LLC purchased a new stake in XPEL in the 1st quarter worth approximately $2,714,000. Sprucegrove Investment Management Ltd. purchased a new stake in XPEL in the 1st quarter worth approximately $1,528,000. Finally, Mawer Investment Management Ltd. increased its holdings in XPEL by 11.5% in the 1st quarter. Mawer Investment Management Ltd. now owns 443,210 shares of the company's stock worth $13,022,000 after acquiring an additional 45,677 shares in the last quarter. 75.08% of the stock is owned by hedge funds and other institutional investors.

XPEL Stock Performance

XPEL stock opened at $38.48 on Tuesday. The firm has a fifty day moving average price of $36.15 and a 200 day moving average price of $33.86. XPEL, Inc. has a fifty-two week low of $24.25 and a fifty-two week high of $47.23. The firm has a market cap of $1.06 billion, a PE ratio of 21.86 and a beta of 1.67.

XPEL (NASDAQ:XPEL - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.07. XPEL had a net margin of 10.84% and a return on equity of 21.17%. The firm had revenue of $124.71 million during the quarter, compared to analyst estimates of $118.37 million. During the same period last year, the firm posted $0.54 earnings per share. XPEL's revenue for the quarter was up 13.5% compared to the same quarter last year. On average, equities analysts predict that XPEL, Inc. will post 1.73 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on XPEL shares. Wall Street Zen raised shares of XPEL from a "hold" rating to a "buy" rating in a report on Friday. Zacks Research raised shares of XPEL to a "strong sell" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, XPEL currently has a consensus rating of "Sell".

XPEL 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.

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