SCS Capital Management LLC Buys New Shares in XPEL, Inc. $XPEL

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 the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,751,540 shares of the company's stock, valued at approximately $51,460,000. XPEL comprises about 0.7% of SCS Capital Management LLC's investment portfolio, making the stock its 22nd largest position. SCS Capital Management LLC owned 6.33% of XPEL as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of XPEL. Fiera Capital Corp grew its position in shares of XPEL by 1.6% during the 1st quarter. Fiera Capital Corp now owns 32,500 shares of the company's stock valued at $955,000 after buying an additional 500 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of XPEL by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,375 shares of the company's stock valued at $574,000 after buying an additional 511 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of XPEL by 12.1% during the 1st quarter. Victory Capital Management Inc. now owns 5,395 shares of the company's stock valued at $159,000 after buying an additional 583 shares during the last quarter. Exchange Traded Concepts LLC grew its position in shares of XPEL by 10.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 7,758 shares of the company's stock valued at $228,000 after buying an additional 748 shares during the last quarter. Finally, Eukles Asset Management bought a new stake in shares of XPEL during the 1st quarter valued at about $35,000. Institutional investors own 75.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of XPEL from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Zacks Research upgraded shares of XPEL to a "strong sell" rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of "Sell".

XPEL Stock Performance

Shares of NASDAQ:XPEL traded down $1.22 during trading on Friday, reaching $34.68. The company had a trading volume of 245,015 shares, compared to its average volume of 141,156. The firm's fifty day moving average is $35.92 and its 200 day moving average is $33.82. The firm has a market capitalization of $959.70 million, a PE ratio of 19.70 and a beta of 1.67. XPEL, Inc. has a twelve month low of $24.25 and a twelve month high of $47.23.

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

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.