Victory Capital Management Inc. Purchases 14,748 Shares of Expro Group Holdings (NYSE:XPRO)

Victory Capital Management Inc. boosted its position in shares of Expro Group Holdings (NYSE:XPRO) by 3.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 474,801 shares of the company’s stock after buying an additional 14,748 shares during the period. Victory Capital Management Inc. owned approximately 0.40% of Expro Group worth $8,152,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in XPRO. Gamco Investors INC. ET AL increased its position in shares of Expro Group by 0.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 61,765 shares of the company’s stock valued at $1,233,000 after purchasing an additional 550 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Expro Group by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 16,099 shares of the company’s stock worth $321,000 after acquiring an additional 1,267 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Expro Group by 11.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,090 shares of the company’s stock worth $575,000 after purchasing an additional 2,649 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Expro Group by 9.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 48,317 shares of the company’s stock valued at $1,107,000 after purchasing an additional 4,114 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in 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 period. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Analysts Set New Price Targets

Separately, Barclays cut their price objective on 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 Price Performance

Shares of XPRO opened at $13.61 on Friday. The company has a 50 day moving average of $15.59 and a two-hundred day moving average of $19.27. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 97.22, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. Expro Group Holdings has a twelve month low of $12.58 and a twelve month high of $24.50.

Expro Group (NYSE:XPRO) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. Expro Group had a return on equity of 3.70% and a net margin of 0.98%. The business had revenue of $422.83 million for the quarter, compared to analyst estimates of $436.62 million. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. The company’s revenue was up 14.3% on a year-over-year basis. As a group, analysts predict that Expro Group Holdings will post 0.7 earnings per share for the current fiscal year.

About Expro Group

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.