Ieq Capital LLC Takes Position in Expro Group Holdings N.V. $XPRO

Ieq Capital LLC bought a new position in shares of Expro Group Holdings N.V. (NYSE:XPROFree Report) during the second quarter, HoldingsChannel reports. The fund bought 31,861 shares of the company’s stock, valued at approximately $471,000.

Other institutional investors have also modified their holdings of the company. AQR Capital Management LLC raised its position in Expro Group by 47.3% in the 1st 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 position in Expro Group by 4.6% during the 1st 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 Expro Group by 47.8% in the first quarter. Goldman Sachs Group Inc. now owns 903,612 shares of the company’s stock valued at $8,982,000 after purchasing an additional 292,198 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Expro Group by 17.5% in the first 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 purchasing an additional 42,203 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of Expro Group by 732.6% in the first 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 last quarter. 92.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Freedom Capital upgraded Expro Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. The Goldman Sachs Group set a $19.00 price objective on Expro Group in a research report on Thursday, June 4th. Weiss Ratings upgraded Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. Zacks Research raised Expro Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, KeyCorp upgraded Expro Group to a “neutral” rating in a research note on Thursday, June 4th. One 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. According to MarketBeat.com, Expro Group has a consensus rating of “Hold” and a consensus price target of $18.00.

View Our Latest Stock Analysis on Expro Group

Insider Buying and Selling at Expro Group

In related news, Director Eileen Goss Whelley sold 6,168 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $15.14, for a total transaction of $93,383.52. Following the transaction, the director owned 47,648 shares of the company’s stock, valued at $721,390.72. This represents a 11.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is currently owned by company insiders.

Expro Group Price Performance

Shares of NYSE:XPRO opened at $17.59 on Friday. Expro Group Holdings N.V. has a 52 week low of $11.60 and a 52 week high of $19.23. The company has a 50-day moving average price of $16.16 and a 200 day moving average price of $16.42. The company has a market cap of $1.98 billion, a P/E ratio of 97.72 and a beta of 0.90. The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.06.

Expro Group (NYSE:XPROGet Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). The business had revenue of $393.18 million for the quarter, compared to analyst estimates of $387.36 million. Expro Group had a return on equity of 3.27% and a net margin of 1.33%.The business’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. Research analysts predict that Expro Group Holdings N.V. will post 0.53 earnings per share for the current year.

About Expro Group

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Expro Group (NYSE:XPRO)

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