Algert Global LLC Increases Stake in Expro Group Holdings (NYSE:XPRO)

Algert Global LLC lifted its stake in Expro Group Holdings (NYSE:XPRO) by 953.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 178,056 shares of the company’s stock after buying an additional 161,156 shares during the quarter. Algert Global LLC’s holdings in Expro Group were worth $2,220,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. US Bancorp DE lifted its stake in Expro Group by 56.0% in the 4th quarter. US Bancorp DE now owns 4,171 shares of the company’s stock worth $52,000 after purchasing an additional 1,497 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Expro Group in the fourth quarter worth about $27,000. Rhumbline Advisers boosted its stake in Expro Group by 1.6% during the fourth quarter. Rhumbline Advisers now owns 153,159 shares of the company’s stock valued at $1,910,000 after buying an additional 2,477 shares during the last quarter. KBC Group NV grew its holdings in Expro Group by 75.3% during the 4th quarter. KBC Group NV now owns 5,968 shares of the company’s stock valued at $74,000 after buying an additional 2,563 shares in the last quarter. Finally, Sterling Capital Management LLC increased its stake in Expro Group by 824.7% in the 4th quarter. Sterling Capital Management LLC now owns 3,033 shares of the company’s stock worth $38,000 after acquiring an additional 2,705 shares during the last quarter. Institutional investors own 92.07% of the company’s stock.

Expro Group Stock Performance

NYSE XPRO opened at $8.18 on Friday. The business’s 50 day moving average price is $9.10 and its 200-day moving average price is $11.73. Expro Group Holdings has a fifty-two week low of $6.70 and a fifty-two week high of $24.50. The company has a market cap of $943.32 million, a P/E ratio of 58.40, a P/E/G ratio of 1.28 and a beta of 1.17. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on XPRO. The Goldman Sachs Group cut their target price on shares of Expro Group from $17.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Barclays reduced their target price on shares of Expro Group from $14.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday.

About Expro Group

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.