Laurus Global Equity Management Inc. Reduces Holdings in XPEL, Inc. $XPEL

Key Points

• Laurus Global Equity Management Inc. reduced its holdings in XPEL, Inc. by 21.5% during the second quarter, now owning 36,530 shares valued at approximately $1.31 million.
• XPEL's quarterly earnings exceeded expectations with earnings per share of $0.59, beating the consensus estimate of $0.52, accompanied by a revenue increase of 13.5% year-over-year.
• Analyst ratings on XPEL vary, with one firm upgrading it from "hold" to "buy," while another rated it as a "strong sell," indicating a diverse outlook on the stock's performance.

Laurus Global Equity Management Inc. decreased its holdings in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) by 21.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,530 shares of the company's stock after selling 10,000 shares during the quarter. XPEL comprises approximately 0.9% of Laurus Global Equity Management Inc.'s portfolio, making the stock its 24th biggest holding. Laurus Global Equity Management Inc. owned approximately 0.13% of XPEL worth $1,311,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of XPEL. State of Alaska Department of Revenue grew its stake in XPEL by 7.5% during the second quarter. State of Alaska Department of Revenue now owns 13,498 shares of the company's stock valued at $484,000 after acquiring an additional 936 shares in the last quarter. Rhumbline Advisers boosted its holdings in XPEL by 0.6% in the 1st quarter. Rhumbline Advisers now owns 63,606 shares of the company's stock valued at $1,869,000 after purchasing an additional 389 shares during the period. Intech Investment Management LLC grew its position in shares of XPEL by 102.8% during the 1st quarter. Intech Investment Management LLC now owns 76,624 shares of the company's stock valued at $2,251,000 after purchasing an additional 38,832 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of XPEL by 177.4% in the first quarter. Jane Street Group LLC now owns 29,905 shares of the company's stock worth $879,000 after purchasing an additional 19,126 shares during the period. Finally, SCS Capital Management LLC bought a new position in shares of XPEL in the first quarter worth $51,460,000. 75.08% of the stock is currently owned by institutional investors.

XPEL Stock Performance

Shares of XPEL opened at $33.61 on Monday. XPEL, Inc. has a fifty-two week low of $24.25 and a fifty-two week high of $47.23. The firm has a 50 day moving average price of $35.14 and a 200-day moving average price of $34.05. The firm has a market cap of $929.99 million, a price-to-earnings ratio of 19.10 and a beta of 1.68.

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

Wall Street Analyst Weigh In

XPEL has been the subject of several recent analyst reports. Wall Street Zen upgraded XPEL from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Zacks Research upgraded XPEL to a "strong sell" rating in a research report on Friday, August 8th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of XPEL in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce".

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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