Expro Group Holdings (NYSE:XPRO) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in Expro Group Holdings (NYSE:XPRO) by 50.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 503,119 shares of the company’s stock after selling 521,887 shares during the period. Wellington Management Group LLP owned about 0.46% of Expro Group worth $8,010,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC raised its position in shares of Expro Group by 5.8% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 3,568,505 shares of the company’s stock worth $56,811,000 after purchasing an additional 194,646 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Expro Group by 45.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,672,872 shares of the company’s stock valued at $42,554,000 after acquiring an additional 833,928 shares in the last quarter. Vanguard Group Inc. grew its stake in Expro Group by 15.6% during the 3rd quarter. Vanguard Group Inc. now owns 2,216,555 shares of the company’s stock valued at $51,491,000 after acquiring an additional 298,655 shares in the last quarter. American Century Companies Inc. grew its stake in Expro Group by 27.1% during the 3rd quarter. American Century Companies Inc. now owns 1,861,245 shares of the company’s stock valued at $43,237,000 after acquiring an additional 396,887 shares in the last quarter. Finally, Boston Partners grew its stake in Expro Group by 18.2% during the 4th quarter. Boston Partners now owns 1,680,446 shares of the company’s stock valued at $27,084,000 after acquiring an additional 258,172 shares in the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.

Insider Transactions at Expro Group

In other Expro Group news, CFO Quinn P. Fanning sold 17,500 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $21.06, for a total transaction of $368,550.00. Following the sale, the chief financial officer now directly owns 92,889 shares in the company, valued at approximately $1,956,242.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Expro Group news, CFO Quinn P. Fanning sold 17,500 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $21.06, for a total transaction of $368,550.00. Following the sale, the chief financial officer now directly owns 92,889 shares in the company, valued at approximately $1,956,242.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Hill Advisors Lp Oak sold 2,701,920 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $22.25, for a total transaction of $60,117,720.00. Following the sale, the insider now owns 11,873,971 shares in the company, valued at $264,195,854.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,737,240 shares of company stock worth $60,891,007. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

XPRO has been the subject of several research reports. Barclays raised shares of Expro Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $18.00 to $27.00 in a research note on Tuesday, May 14th. Piper Sandler upped their price objective on shares of Expro Group from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $23.00 price target (up previously from $22.00) on shares of Expro Group in a research note on Monday, June 3rd.

Expro Group Stock Performance

Expro Group stock opened at $22.92 on Friday. The firm has a 50 day simple moving average of $21.09 and a 200-day simple moving average of $19.02. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.85 and a quick ratio of 1.50. Expro Group Holdings has a 1-year low of $14.33 and a 1-year high of $25.04. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of -127.33 and a beta of 0.98.

Expro Group (NYSE:XPRO) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). Expro Group had a positive return on equity of 0.76% and a negative net margin of 1.26%. The company had revenue of $383.49 million during the quarter, compared to analyst estimates of $369.87 million. On average, analysts expect that Expro Group Holdings will post 0.84 EPS for the current year.

Expro Group Company Profile

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.