Vanguard Group Inc. Decreases Stock Position in Expro Group Holdings N.V. $XPRO

Vanguard Group Inc. cut its stake in shares of Expro Group Holdings N.V. (NYSE:XPRO) by 0.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,575,086 shares of the company’s stock after selling 51,316 shares during the quarter. Vanguard Group Inc. owned 9.31% of Expro Group worth $141,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC lifted its position in Expro Group by 47.3% in the first quarter. AQR Capital Management LLC now owns 161,099 shares of the company’s stock valued at $1,601,000 after purchasing an additional 51,727 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Expro Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,285 shares of the company’s stock worth $559,000 after purchasing an additional 2,463 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Expro Group by 47.8% in the first quarter. Goldman Sachs Group Inc. now owns 903,612 shares of the company’s stock worth $8,982,000 after buying an additional 292,198 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Expro Group by 17.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 282,788 shares of the company’s stock valued at $2,811,000 after buying an additional 42,203 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Expro Group by 732.6% during the 1st quarter. Jane Street Group LLC now owns 421,163 shares of the company’s stock valued at $4,186,000 after buying an additional 370,579 shares during the period. 92.07% of the stock is currently owned by institutional investors.

Expro Group Price Performance

NYSE XPRO opened at $15.87 on Tuesday. Expro Group Holdings N.V. has a 52 week low of $7.57 and a 52 week high of $18.73. The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.80 billion, a P/E ratio of 49.60 and a beta of 0.97. The company has a 50-day moving average price of $16.92 and a 200-day moving average price of $15.51.

Expro Group (NYSE:XPRO) last released its earnings results on Thursday, February 19th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Expro Group had a net margin of 2.32% and a return on equity of 3.91%. The company had revenue of $382.13 million during the quarter, compared to analyst estimates of $413.47 million. The firm’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 EPS. Equities research analysts anticipate that Expro Group Holdings N.V. will post 0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Piper Sandler raised their price target on shares of Expro Group from $13.00 to $16.00 and gave the stock an “underweight” rating in a report on Wednesday, April 15th. Barclays increased their target price on shares of Expro Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday. Weiss Ratings cut Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. Finally, Freedom Capital lowered Expro Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 4th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Expro Group has an average rating of “Hold” and an average target price of $16.50.

About Expro Group

Expro Group plc is a global energy services company that specializes in well flow management and well testing solutions for the oil and gas industry. The company’s core offerings include wellhead and pressure control systems, downhole well construction tools, subsea intervention services, and integrated tubular running services. These capabilities enable exploration and production companies to optimize well performance, enhance safety and mitigate operational risk throughout the drilling, completion and intervention phases of the well life cycle.

Founded in 1973, Expro has grown both organically and through targeted acquisitions to establish a presence in more than 30 countries.