SG Americas Securities LLC Increases Stock Holdings in Expro Group Holdings (NYSE:XPRO)

SG Americas Securities LLC boosted its stake in Expro Group Holdings (NYSE:XPRO) by 24.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 22,442 shares of the company’s stock after buying an additional 4,399 shares during the quarter. SG Americas Securities LLC’s holdings in Expro Group were worth $385,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of XPRO. GAMMA Investing LLC grew its holdings in shares of Expro Group by 58.0% in the first quarter. GAMMA Investing LLC now owns 1,452 shares of the company’s stock valued at $29,000 after acquiring an additional 533 shares in the last quarter. nVerses Capital LLC purchased a new position in Expro Group in the second quarter worth $183,000. Transatlantique Private Wealth LLC purchased a new position in Expro Group in the second quarter worth $214,000. Algert Global LLC bought a new position in Expro Group in the 2nd quarter valued at $217,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Expro Group during the 2nd quarter valued at $263,000. 92.07% of the stock is owned by hedge funds and other institutional investors.

Expro Group Price Performance

Expro Group stock opened at $16.25 on Friday. The business’s 50 day simple moving average is $18.36 and its 200 day simple moving average is $20.22. Expro Group Holdings has a 12 month low of $14.33 and a 12 month high of $24.50. The company has a market cap of $1.80 billion, a price-to-earnings ratio of -90.28, a PEG ratio of 1.83 and a beta of 0.96. The company has a current ratio of 1.90, a quick ratio of 1.56 and a debt-to-equity ratio of 0.09.

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

Wall Street Analysts Forecast Growth

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

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.