Massachusetts Financial Services Co. MA Cuts Stock Position in Expro Group Holdings N.V. $XPRO

Massachusetts Financial Services Co. MA lessened its stake in shares of Expro Group Holdings N.V. (NYSE:XPRO) by 8.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,798,248 shares of the company’s stock after selling 266,705 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Expro Group were worth $37,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. US Bancorp DE raised its stake in shares of Expro Group by 8.6% during the third quarter. US Bancorp DE now owns 10,062 shares of the company’s stock worth $120,000 after purchasing an additional 799 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Expro Group by 54.3% during the third quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock worth $29,000 after purchasing an additional 871 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Expro Group by 5.9% during the third quarter. Focus Partners Wealth now owns 17,147 shares of the company’s stock worth $206,000 after purchasing an additional 954 shares during the last quarter. Swiss National Bank raised its stake in shares of Expro Group by 0.9% during the third quarter. Swiss National Bank now owns 190,100 shares of the company’s stock worth $2,258,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its holdings in Expro Group by 6.3% during the third quarter. Verdence Capital Advisors LLC now owns 36,941 shares of the company’s stock worth $439,000 after purchasing an additional 2,201 shares in the last quarter. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Expro Group Trading Down 4.7%

Shares of Expro Group stock opened at $16.28 on Wednesday. Expro Group Holdings N.V. has a 12-month low of $7.57 and a 12-month high of $18.73. The company has a current ratio of 2.16, a quick ratio of 1.79 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.85 billion, a PE ratio of 36.18 and a beta of 0.96. The company has a 50-day moving average of $16.93 and a two-hundred day moving average of $15.00.

Expro Group (NYSE:XPRO) last issued its earnings results on Thursday, February 19th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. Expro Group had a net margin of 3.22% and a return on equity of 5.09%. The company had revenue of $382.13 million during the quarter, compared to analysts’ expectations of $413.47 million. During the same period last year, the company posted $0.19 earnings per share. The firm’s quarterly revenue was down 12.5% compared to the same quarter last year. On average, research analysts anticipate that Expro Group Holdings N.V. will post 0.68 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Expro Group in a report on Wednesday, January 21st. Piper Sandler cut shares of Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price target for the company. in a report on Thursday, December 18th. Freedom Capital cut shares of Expro Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th. Finally, Barclays increased their price target on shares of Expro Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.25.

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.