Expro Group Holdings (NYSE:XPRO) Stock Position Lifted by Rhumbline Advisers

Rhumbline Advisers lifted its stake in shares of Expro Group Holdings (NYSE:XPRO) by 13.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 157,421 shares of the company’s stock after purchasing an additional 18,236 shares during the quarter. Rhumbline Advisers owned about 0.13% of Expro Group worth $3,608,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of Expro Group in the 1st quarter worth approximately $1,356,000. BOKF NA acquired a new stake in shares of Expro Group in the first quarter valued at $2,943,000. Jennison Associates LLC boosted its stake in Expro Group by 129.3% during the first quarter. Jennison Associates LLC now owns 822,249 shares of the company’s stock valued at $16,420,000 after buying an additional 463,584 shares in the last quarter. Boston Partners grew its holdings in Expro Group by 24.1% during the first quarter. Boston Partners now owns 2,084,838 shares of the company’s stock worth $41,688,000 after acquiring an additional 404,392 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in Expro Group by 5.8% in 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 acquiring an additional 194,646 shares during the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on XPRO. The Goldman Sachs Group reiterated a “neutral” rating and issued a $23.00 target price (up from $22.00) on shares of Expro Group in a report on Monday, June 3rd. Barclays raised their price objective on Expro Group from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, Piper Sandler boosted their target price on Expro Group from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th.

Insiders Place Their Bets

In other news, CTO Steven J. Russell sold 15,000 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $23.01, for a total transaction of $345,150.00. Following the completion of the sale, the chief technology officer now owns 84,873 shares in the company, valued at approximately $1,952,927.73. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Expro Group Trading Up 1.9 %

NYSE:XPRO opened at $17.36 on Tuesday. The stock’s 50-day moving average is $20.67 and its two-hundred day moving average is $20.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.90 and a quick ratio of 1.56. The stock has a market cap of $1.92 billion, a PE ratio of -96.44, a price-to-earnings-growth ratio of 1.90 and a beta of 0.97. Expro Group Holdings has a fifty-two week low of $14.33 and a fifty-two week high of $25.04.

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