Public Employees Retirement System of Ohio Makes New $1.23 Million Investment in Expro Group Holdings N.V. $XPRO

Public Employees Retirement System of Ohio acquired a new stake in Expro Group Holdings N.V. (NYSE:XPRO) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 83,518 shares of the company’s stock, valued at approximately $1,234,000.

A number of other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC increased its stake in shares of Expro Group by 47.3% during the first quarter. AQR Capital Management LLC now owns 161,099 shares of the company’s stock worth $1,601,000 after purchasing an additional 51,727 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Expro Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,285 shares of the company’s stock valued at $559,000 after buying an additional 2,463 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Expro Group by 47.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 903,612 shares of the company’s stock valued at $8,982,000 after buying an additional 292,198 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position 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 worth $2,811,000 after buying an additional 42,203 shares during the period. Finally, Jane Street Group LLC increased 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 worth $4,186,000 after buying an additional 370,579 shares during the period. Institutional investors own 92.07% of the company’s stock.

Expro Group Stock Up 0.7%

XPRO stock opened at $18.08 on Wednesday. Expro Group Holdings N.V. has a 52 week low of $11.60 and a 52 week high of $19.23. The business has a 50-day simple moving average of $16.73 and a 200 day simple moving average of $16.49. 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 company has a market cap of $2.03 billion, a PE ratio of 100.44 and a beta of 0.92.

Expro Group (NYSE:XPRO) last released its earnings results on Tuesday, July 28th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). Expro Group had a net margin of 1.33% and a return on equity of 3.27%. The firm had revenue of $393.18 million during the quarter, compared to the consensus estimate of $387.36 million. During the same period in the prior year, the business earned $0.30 earnings per share. Expro Group’s quarterly revenue was down 7.0% compared to the same quarter last year. Sell-side analysts anticipate that Expro Group Holdings N.V. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on XPRO. Barclays decreased their price target on shares of Expro Group from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. KeyCorp upgraded shares of Expro Group to a “neutral” rating in a research report on Thursday, June 4th. Freedom Capital raised shares of Expro Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. The Goldman Sachs Group set a $19.00 price target on shares of Expro Group in a research report on Thursday, June 4th. Finally, Zacks Research upgraded Expro Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $18.00.

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.