Expro Group Holdings (NYSE:XPRO) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. cut its stake in Expro Group Holdings (NYSE:XPRO) by 74.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,071 shares of the company’s stock after selling 107,150 shares during the period. Harbor Capital Advisors Inc.’s holdings in Expro Group were worth $450,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its position in shares of Expro Group by 9.3% during the second quarter. The Manufacturers Life Insurance Company now owns 48,317 shares of the company’s stock worth $1,107,000 after acquiring an additional 4,114 shares during the last quarter. SG Americas Securities LLC boosted its stake in Expro Group by 24.4% during the 3rd quarter. SG Americas Securities LLC now owns 22,442 shares of the company’s stock valued at $385,000 after purchasing an additional 4,399 shares during the period. Oppenheimer Asset Management Inc. grew its position in Expro Group by 11.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 75,748 shares of the company’s stock worth $1,736,000 after purchasing an additional 7,867 shares during the last quarter. Transatlantique Private Wealth LLC acquired a new stake in shares of Expro Group in the second quarter valued at approximately $214,000. Finally, Algert Global LLC bought a new stake in shares of Expro Group during the second quarter valued at approximately $217,000. 92.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Expro Group news, 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 purchased at an average cost of $11.39 per share, for a total transaction of $205,020.00. Following the completion of the acquisition, the director now owns 69,181 shares of the company’s stock, valued at approximately $787,971.59. This represents a 35.17 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Jardon purchased 45,200 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was acquired at an average price of $10.91 per share, for a total transaction of $493,132.00. Following the transaction, the chief executive officer now owns 336,674 shares of the company’s stock, valued at $3,673,113.34. The trade was a 15.51 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

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

Expro Group Stock Up 0.2 %

XPRO stock opened at $14.04 on Wednesday. The firm’s 50-day moving average is $12.88 and its two-hundred day moving average is $16.87. The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 100.29, a price-to-earnings-growth ratio of 1.32 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.

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