Bank of New York Mellon Corp Has $3.94 Million Stake in Expro Group Holdings (NYSE:XPRO)

Bank of New York Mellon Corp lowered its position in shares of Expro Group Holdings (NYSE:XPRO) by 70.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 316,154 shares of the company’s stock after selling 744,126 shares during the quarter. Bank of New York Mellon Corp owned 0.27% of Expro Group worth $3,942,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. State Street Corp grew its position in shares of Expro Group by 7.6% in the 3rd quarter. State Street Corp now owns 2,692,260 shares of the company’s stock valued at $46,226,000 after acquiring an additional 189,085 shares during the period. Geode Capital Management LLC raised its stake in Expro Group by 9.4% in the third quarter. Geode Capital Management LLC now owns 2,326,582 shares of the company’s stock valued at $39,956,000 after buying an additional 199,554 shares during the period. Jennison Associates LLC lifted its position in shares of Expro Group by 4.2% in the third quarter. Jennison Associates LLC now owns 2,286,181 shares of the company’s stock valued at $39,254,000 after buying an additional 91,961 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in shares of Expro Group during the 3rd quarter worth approximately $26,481,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Expro Group by 20.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,052,729 shares of the company’s stock worth $18,075,000 after acquiring an additional 176,132 shares during the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have 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 objective for the company. Barclays reduced their target price on shares of Expro Group from $17.00 to $14.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th.

Expro Group Stock Performance

XPRO opened at $10.53 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62. The business has a fifty day simple moving average of $12.71 and a 200 day simple moving average of $14.02. Expro Group Holdings has a 1 year low of $9.85 and a 1 year high of $24.50. The company has a market capitalization of $1.22 billion, a PE ratio of 75.18, a price-to-earnings-growth ratio of 1.28 and a beta of 1.12.

Expro Group Company 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.