Geode Capital Management LLC Has $39.96 Million Position in Expro Group Holdings (NYSE:XPRO)

Geode Capital Management LLC grew its holdings in Expro Group Holdings (NYSE:XPRO) by 9.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,326,582 shares of the company’s stock after buying an additional 199,554 shares during the quarter. Geode Capital Management LLC owned approximately 1.98% of Expro Group worth $39,956,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new position in Expro Group during the 3rd quarter worth $171,000. nVerses Capital LLC bought a new position in Expro Group in the second quarter valued at about $183,000. MQS Management LLC acquired a new stake in Expro Group in the third quarter worth about $205,000. Transatlantique Private Wealth LLC bought a new stake in Expro Group during the 2nd quarter worth about $214,000. Finally, Algert Global LLC bought a new stake in Expro Group during the 2nd quarter worth about $217,000. 92.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group initiated coverage on shares of Expro Group in a research report on Friday, December 13th. They set a “neutral” rating and a $18.00 price target for the company. Barclays dropped their target price on shares of Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, October 28th.

Insider Buying and Selling at Expro Group

In related news, CEO Michael Jardon acquired 45,200 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were acquired at an average cost of $10.91 per share, for a total transaction of $493,132.00. Following the completion of the acquisition, the chief executive officer now directly owns 336,674 shares in the company, valued at approximately $3,673,113.34. The trade was a 15.51 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert Wayne Drummond, Jr. bought 18,000 shares of Expro Group stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average cost of $11.39 per share, with a total value of $205,020.00. Following the completion of the purchase, the director now owns 69,181 shares in the company, valued at approximately $787,971.59. This trade represents a 35.17 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.50% of the company’s stock.

Expro Group Stock Performance

Shares of NYSE:XPRO opened at $11.75 on Wednesday. The firm’s 50 day simple moving average is $13.45 and its 200 day simple moving average is $17.91. Expro Group Holdings has a fifty-two week low of $10.71 and a fifty-two week high of $24.50. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 83.93, a P/E/G ratio of 1.43 and a beta of 1.00. 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 (NYSE:XPRO) last posted its earnings results on Thursday, October 24th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $436.62 million. During the same period last year, the business posted ($0.11) earnings per share. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Expro Group Holdings will post 0.7 earnings per share for the current 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.