Squarepoint Ops LLC Makes New Investment in Expro Group Holdings (NYSE:XPRO)

Squarepoint Ops LLC purchased a new stake in Expro Group Holdings (NYSE:XPRO) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 80,027 shares of the company’s stock, valued at approximately $1,834,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Expro Group by 58.0% during the 1st quarter. GAMMA Investing LLC now owns 1,452 shares of the company’s stock worth $29,000 after purchasing an additional 533 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Expro Group during the first quarter valued at about $141,000. nVerses Capital LLC purchased a new stake in shares of Expro Group in the 2nd quarter valued at approximately $183,000. Transatlantique Private Wealth LLC acquired a new position in shares of Expro Group in the 2nd quarter worth approximately $214,000. Finally, Paloma Partners Management Co purchased a new position in shares of Expro Group during the 1st quarter worth approximately $239,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays upped their price target on Expro Group from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st.

Expro Group Stock Performance

NYSE XPRO opened at $17.81 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.90 and a quick ratio of 1.56. The company has a market cap of $1.97 billion, a P/E ratio of -98.92, a P/E/G ratio of 1.94 and a beta of 0.96. The stock has a 50-day moving average of $19.07 and a two-hundred day moving average of $20.40. Expro Group Holdings has a 1-year low of $14.33 and a 1-year high of $24.50.

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

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.