Webs Creek Capital Management LP acquired a new position in shares of Expro Group Holdings N.V. (NYSE:XPRO – Free Report) in the second quarter, HoldingsChannel reports. The fund acquired 2,826,437 shares of the company’s stock, valued at approximately $41,746,474,000. Expro Group makes up about 7.9% of Webs Creek Capital Management LP’s investment portfolio, making the stock its 6th largest holding.
Several other large investors have also made changes to their positions in XPRO. Price T Rowe Associates Inc. MD grew its position in Expro Group by 20.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,030,884 shares of the company’s stock valued at $147,264,000 after acquiring an additional 1,878,245 shares during the period. BlackRock Inc. purchased a new position in shares of Expro Group in the 2nd quarter worth about $117,773,000. Dimensional Fund Advisors LP lifted its stake in shares of Expro Group by 9.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company’s stock valued at $103,023,000 after purchasing an additional 533,741 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Expro Group by 7.9% in the 1st quarter. Jennison Associates LLC now owns 4,699,370 shares of the company’s stock valued at $81,816,000 after purchasing an additional 342,449 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of Expro Group during the 2nd quarter worth about $25,762,000. 92.07% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Expro Group news, Director Eileen Goss Whelley sold 6,168 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $15.14, for a total value of $93,383.52. Following the completion of the transaction, the director owned 47,648 shares in the company, valued at $721,390.72. This represents a 11.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.80% of the company’s stock.
Expro Group Trading Down 1.7%
Expro Group (NYSE:XPRO – Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The company had revenue of $393.18 million during the quarter, compared to analyst estimates of $387.36 million. Expro Group had a net margin of 1.33% and a return on equity of 3.27%. Expro Group’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. Equities analysts forecast that Expro Group Holdings N.V. will post 0.53 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
XPRO has been the subject of a number of research analyst reports. KeyCorp raised shares of Expro Group to a “neutral” rating in a research report on Thursday, June 4th. The Goldman Sachs Group set a $19.00 price target on shares of Expro Group in a research report on Thursday, June 4th. Barclays decreased their price objective on shares of Expro Group from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Weiss Ratings raised shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. Finally, Zacks Research raised shares of Expro Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $18.00.
Get Our Latest Research Report on XPRO
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.
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