State of New Jersey Common Pension Fund D Boosts Stake in Expro Group Holdings (NYSE:XPRO)

State of New Jersey Common Pension Fund D lifted its holdings in shares of Expro Group Holdings (NYSE:XPRO) by 13.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 96,996 shares of the company’s stock after acquiring an additional 11,210 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.08% of Expro Group worth $1,665,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Emerald Advisers LLC raised its position in shares of Expro Group by 55.0% in the 3rd quarter. Emerald Advisers LLC now owns 907,451 shares of the company’s stock valued at $15,581,000 after purchasing an additional 321,873 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in Expro Group by 566.2% in the third quarter. Harbor Capital Advisors Inc. now owns 143,221 shares of the company’s stock valued at $2,459,000 after acquiring an additional 121,723 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its stake in Expro Group by 64.7% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 739,080 shares of the company’s stock valued at $12,690,000 after acquiring an additional 290,212 shares during the last quarter. Glenorchy Capital Ltd grew its holdings in Expro Group by 26.6% during the 3rd quarter. Glenorchy Capital Ltd now owns 84,427 shares of the company’s stock worth $1,450,000 after acquiring an additional 17,759 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Expro Group by 24.4% in the 3rd quarter. SG Americas Securities LLC now owns 22,442 shares of the company’s stock worth $385,000 after purchasing an additional 4,399 shares during the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.

Analysts Set New Price Targets

Separately, Barclays reduced their price target on shares of Expro Group from $28.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th.

Expro Group Stock Performance

Shares of XPRO opened at $12.97 on Tuesday. The stock has a market capitalization of $1.52 billion, a PE ratio of 92.65, a price-to-earnings-growth ratio of 1.51 and a beta of 0.99. The business’s fifty day moving average price is $15.85 and its 200 day moving average price is $19.40. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62. Expro Group Holdings has a 12-month low of $12.66 and a 12-month high of $24.50.

Expro Group (NYSE:XPRO) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. Expro Group had a net margin of 0.98% and a return on equity of 3.70%. The company had revenue of $422.83 million for the quarter, compared to the consensus estimate of $436.62 million. During the same period last year, the firm posted ($0.11) EPS. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. Equities research analysts forecast that Expro Group Holdings will post 0.7 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.