Sagefield Capital LP Acquires 208,849 Shares of Expro Group Holdings (NYSE:XPRO)

Sagefield Capital LP lifted its holdings in Expro Group Holdings (NYSE:XPRO) by 57.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 574,067 shares of the company’s stock after acquiring an additional 208,849 shares during the period. Expro Group accounts for about 1.4% of Sagefield Capital LP’s portfolio, making the stock its 21st biggest holding. Sagefield Capital LP owned approximately 0.52% of Expro Group worth $13,158,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in Expro Group by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 683,933 shares of the company’s stock valued at $10,888,000 after buying an additional 20,960 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings 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 buying an additional 833,928 shares in the last quarter. Aristides Capital LLC purchased a new position in Expro Group during the 4th quarter valued at approximately $236,000. Hotchkis & Wiley Capital Management LLC grew its holdings in 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 valued at $56,811,000 after buying an additional 194,646 shares in the last quarter. Finally, Pinnacle Holdings LLC grew its holdings in Expro Group by 8.5% during the 4th quarter. Pinnacle Holdings LLC now owns 64,386 shares of the company’s stock valued at $1,025,000 after buying an additional 5,039 shares in the last quarter. Institutional investors own 92.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on XPRO shares. The Goldman Sachs Group restated a “neutral” rating and set a $23.00 price target (up previously from $22.00) on shares of Expro Group in a report on Monday, June 3rd. Barclays raised their price target on Expro Group from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st.

Expro Group Price Performance

Shares of Expro Group stock opened at $17.88 on Tuesday. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of -99.33, a price-to-earnings-growth ratio of 1.90 and a beta of 0.97. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.56 and a current ratio of 1.90. The stock has a 50 day moving average price of $20.21 and a 200-day moving average price of $20.50. Expro Group Holdings has a one year low of $14.33 and a one year high of $25.04.

Expro Group (NYSE:XPRO) last announced its earnings results on Thursday, July 25th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The company had revenue of $469.64 million during the quarter, compared to analysts’ expectations of $419.20 million. Expro Group had a positive return on equity of 1.43% and a negative net margin of 0.84%. Equities analysts expect that Expro Group Holdings will post 0.77 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.