Essex Investment Management Co. LLC Increases Stake in Expro Group Holdings (NYSE:XPRO)

Essex Investment Management Co. LLC grew its stake in shares of Expro Group Holdings (NYSE:XPRO) by 24.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,964 shares of the company’s stock after buying an additional 28,911 shares during the period. Essex Investment Management Co. LLC owned 0.13% of Expro Group worth $1,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of XPRO. US Bancorp DE increased its holdings in Expro Group by 56.0% in the 4th quarter. US Bancorp DE now owns 4,171 shares of the company’s stock valued at $52,000 after acquiring an additional 1,497 shares during the last quarter. R Squared Ltd purchased a new position in shares of Expro Group during the fourth quarter valued at about $27,000. Rhumbline Advisers increased its holdings in shares of Expro Group by 1.6% in the fourth quarter. Rhumbline Advisers now owns 153,159 shares of the company’s stock worth $1,910,000 after purchasing an additional 2,477 shares during the last quarter. KBC Group NV lifted its position in shares of Expro Group by 75.3% in the fourth quarter. KBC Group NV now owns 5,968 shares of the company’s stock worth $74,000 after buying an additional 2,563 shares in the last quarter. Finally, Legato Capital Management LLC boosted its stake in Expro Group by 8.9% during the fourth quarter. Legato Capital Management LLC now owns 44,301 shares of the company’s stock valued at $552,000 after buying an additional 3,610 shares during the last quarter. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Expro Group Trading Up 4.1 %

XPRO opened at $10.64 on Monday. Expro Group Holdings has a 12 month low of $9.85 and a 12 month high of $24.50. 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 stock has a 50-day moving average of $13.02 and a 200 day moving average of $14.49. The firm has a market cap of $1.24 billion, a P/E ratio of 76.03, a P/E/G ratio of 1.28 and a beta of 1.12.

Insider Transactions at Expro Group

In other news, Director Robert Wayne Drummond, Jr. acquired 18,000 shares of Expro Group stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average cost of $11.39 per share, with a total value of $205,020.00. Following the transaction, the director now directly owns 69,181 shares of the company’s stock, valued at $787,971.59. This trade represents a 35.17 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael Jardon acquired 45,200 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was purchased at an average cost of $10.91 per share, with a total value of $493,132.00. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

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

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.