XPEL, Inc. (NASDAQ:XPEL) Shares Sold by Millennium Management LLC

Millennium Management LLC reduced its position in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 47.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,026 shares of the company's stock after selling 22,277 shares during the quarter. Millennium Management LLC owned about 0.09% of XPEL worth $1,000,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in XPEL. Mirabella Financial Services LLP purchased a new stake in shares of XPEL during the fourth quarter worth $8,855,000. LHM Inc. acquired a new position in XPEL during the fourth quarter worth about $4,887,000. Rockefeller Capital Management L.P. grew its stake in XPEL by 47.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 193,046 shares of the company's stock valued at $7,714,000 after acquiring an additional 61,930 shares in the last quarter. Mawer Investment Management Ltd. raised its holdings in XPEL by 13.9% in the 4th quarter. Mawer Investment Management Ltd. now owns 397,533 shares of the company's stock valued at $15,877,000 after acquiring an additional 48,586 shares during the last quarter. Finally, Barclays PLC lifted its stake in XPEL by 79.5% in the 3rd quarter. Barclays PLC now owns 78,646 shares of the company's stock worth $3,411,000 after purchasing an additional 34,830 shares in the last quarter. 75.08% of the stock is owned by institutional investors and hedge funds.

XPEL Price Performance

Shares of XPEL traded up $0.34 during mid-day trading on Friday, reaching $36.95. The stock had a trading volume of 117,968 shares, compared to its average volume of 200,001. XPEL, Inc. has a 52-week low of $24.25 and a 52-week high of $48.58. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 21.11 and a beta of 1.85. The business's fifty day moving average is $31.63 and its 200 day moving average is $36.64.

XPEL (NASDAQ:XPEL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.06. XPEL had a return on equity of 24.68% and a net margin of 11.61%. The company had revenue of $103.81 million during the quarter, compared to analyst estimates of $97.40 million. During the same period in the prior year, the business posted $0.24 earnings per share. The firm's revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut XPEL from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd.

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.