Spire Wealth Management Has $338,000 Stake in Expro Group Holdings (NYSE:XPRO)

Spire Wealth Management raised its position in shares of Expro Group Holdings (NYSE:XPRO) by 5,805.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,764 shares of the company’s stock after acquiring an additional 14,514 shares during the period. Spire Wealth Management’s holdings in Expro Group were worth $338,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Expro Group by 58.0% during the 1st quarter. GAMMA Investing LLC now owns 1,452 shares of the company’s stock valued at $29,000 after purchasing an additional 533 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Expro Group in the first quarter worth $141,000. Aristides Capital LLC bought a new position in Expro Group during the fourth quarter worth $236,000. Paloma Partners Management Co acquired a new position in Expro Group during the 1st quarter valued at $239,000. Finally, Versor Investments LP bought a new stake in Expro Group in the 4th quarter valued at $315,000. 92.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Expro Group news, CTO Steven J. Russell sold 15,000 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $23.01, for a total value of $345,150.00. Following the transaction, the chief technology officer now owns 84,873 shares of the company’s stock, valued at $1,952,927.73. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on XPRO. Piper Sandler boosted their price objective on shares of Expro Group from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $23.00 price target (up previously from $22.00) on shares of Expro Group in a report on Monday, June 3rd. Finally, Barclays lifted their price objective on Expro Group from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st.

Expro Group Trading Down 0.4 %

XPRO stock opened at $19.86 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.56 and a debt-to-equity ratio of 0.09. The firm has a market cap of $2.20 billion, a P/E ratio of -110.33, a P/E/G ratio of 2.15 and a beta of 1.02. Expro Group Holdings has a 1-year low of $14.33 and a 1-year high of $25.04. The business’s 50 day moving average is $21.67 and its 200-day moving average is $20.58.

Expro Group (NYSE:XPRO) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $469.64 million during the quarter, compared to analyst estimates of $419.20 million. Expro Group had a negative net margin of 0.84% and a positive return on equity of 1.43%. Equities analysts anticipate that Expro Group Holdings will post 0.77 earnings per share for the current fiscal year.

Expro Group Profile

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.