Jennison Associates LLC Reduces Position in Expro Group Holdings (NYSE:XPRO)

Jennison Associates LLC reduced its stake in Expro Group Holdings (NYSE:XPRO) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,282,518 shares of the company’s stock after selling 3,663 shares during the quarter. Jennison Associates LLC owned about 1.94% of Expro Group worth $28,463,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. State Street Corp lifted its holdings in 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 purchasing an additional 189,085 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Expro Group by 9.4% during 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. Westfield Capital Management Co. LP acquired a new stake in Expro Group during the third quarter worth approximately $26,481,000. Charles Schwab Investment Management Inc. grew its stake 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 acquiring an additional 176,132 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new stake in Expro Group in the 3rd quarter worth approximately $16,159,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Trading Up 6.3 %

XPRO stock opened at $13.13 on Wednesday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 93.81, a PEG ratio of 1.18 and a beta of 0.99. 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 business has a fifty day simple moving average of $12.93 and a 200-day simple moving average of $15.98. Expro Group Holdings has a 52 week low of $10.71 and a 52 week high of $24.50.

Insider Buying and Selling at Expro Group

In other Expro Group news, Director Robert Wayne Drummond, Jr. acquired 18,000 shares of the firm’s 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 $787,971.59. This represents a 35.17 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Jardon bought 45,200 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average cost of $10.91 per share, for a total transaction of $493,132.00. Following the purchase, the chief executive officer now owns 336,674 shares in the company, valued at approximately $3,673,113.34. This trade represents a 15.51 % increase in their position. The disclosure for this purchase can be found here. 1.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

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.