Expro Group Holdings (NYSE:XPRO) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in Expro Group Holdings (NYSE:XPRO) by 3.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 474,801 shares of the company’s stock after acquiring an additional 14,748 shares during the quarter. Victory Capital Management Inc.’s holdings in Expro Group were worth $8,152,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in XPRO. Gamco Investors INC. ET AL increased its stake in shares of Expro Group by 0.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 61,765 shares of the company’s stock worth $1,233,000 after acquiring an additional 550 shares during the last quarter. ProShare Advisors LLC boosted its position in Expro Group by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 16,099 shares of the company’s stock valued at $321,000 after buying an additional 1,267 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Expro Group by 11.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,090 shares of the company’s stock valued at $575,000 after buying an additional 2,649 shares during the period. The Manufacturers Life Insurance Company raised its stake in Expro Group by 9.3% in the second quarter. The Manufacturers Life Insurance Company now owns 48,317 shares of the company’s stock valued at $1,107,000 after buying an additional 4,114 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Expro Group by 24.4% in the third quarter. SG Americas Securities LLC now owns 22,442 shares of the company’s stock valued at $385,000 after purchasing an additional 4,399 shares during the last quarter. 92.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Barclays reduced their price target on shares of Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, October 28th.

Expro Group Stock Up 5.2 %

Expro Group stock opened at $13.61 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62. The stock’s 50 day moving average price is $15.59 and its 200 day moving average price is $19.27. Expro Group Holdings has a 1-year low of $12.58 and a 1-year high of $24.50. The company has a market cap of $1.60 billion, a PE ratio of 97.22, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99.

Expro Group (NYSE:XPRO) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $422.83 million for the quarter, compared to analyst estimates of $436.62 million. Expro Group had a net margin of 0.98% and a return on equity of 3.70%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.11) earnings per share. On average, sell-side analysts predict that Expro Group Holdings will post 0.7 EPS for the current fiscal 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.