JPMorgan Chase & Co. Buys 208,443 Shares of Expro Group Holdings (NYSE:XPRO)

JPMorgan Chase & Co. raised its stake in shares of Expro Group Holdings (NYSE:XPRO) by 479.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 251,883 shares of the company’s stock after buying an additional 208,443 shares during the period. JPMorgan Chase & Co. owned about 0.21% of Expro Group worth $4,325,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in Expro Group by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,334,758 shares of the company’s stock valued at $76,435,000 after purchasing an additional 219,432 shares during the period. Loomis Sayles & Co. L P purchased a new position in shares of Expro Group in the 3rd quarter worth $16,159,000. Barclays PLC raised its position in Expro Group by 40.1% during the third quarter. Barclays PLC now owns 473,492 shares of the company’s stock valued at $8,129,000 after purchasing an additional 135,481 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Expro Group by 32.7% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 568,248 shares of the company’s stock worth $9,757,000 after buying an additional 140,189 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Expro Group by 20.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,052,729 shares of the company’s stock worth $18,075,000 after purchasing an additional 176,132 shares during the period. 92.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Expro Group

In other news, Director Robert Wayne Drummond, Jr. bought 18,000 shares of the stock in a transaction on Monday, December 16th. The stock was bought at an average cost of $11.39 per share, for a total transaction of $205,020.00. Following the completion of the purchase, the director now directly owns 69,181 shares in the company, valued at approximately $787,971.59. The trade was a 35.17 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Jardon purchased 45,200 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was purchased 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 of the company’s stock, valued at approximately $3,673,113.34. The trade was a 15.51 % increase in their position. The disclosure for this purchase can be found here. 1.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Expro Group in a research note on Friday, December 13th. They set a “neutral” rating and a $18.00 target price for the company. Barclays cut their price target on Expro Group from $28.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th.

Expro Group Stock Performance

Shares of XPRO stock opened at $14.82 on Friday. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 105.83, a PEG ratio of 1.22 and a beta of 1.01. Expro Group Holdings has a 52-week low of $10.71 and a 52-week high of $24.50. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $12.89 and its 200 day moving average is $16.78.

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

Expro Group 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.