Fmr LLC Decreases Stock Position in Expro Group Holdings (NYSE:XPRO)

Fmr LLC cut its stake in Expro Group Holdings (NYSE:XPRO) by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,711,065 shares of the company’s stock after selling 1,013,950 shares during the quarter. Fmr LLC owned about 12.52% of Expro Group worth $252,589,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Expro Group by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 2,352,277 shares of the company’s stock worth $46,975,000 after purchasing an additional 38,053 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Expro Group by 269.5% during the second quarter. Harbor Capital Advisors Inc. now owns 21,498 shares of the company’s stock valued at $493,000 after buying an additional 15,680 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Expro Group by 155.8% in the second quarter. SG Americas Securities LLC now owns 18,043 shares of the company’s stock worth $414,000 after buying an additional 10,990 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Expro Group by 5.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,524,545 shares of the company’s stock worth $34,943,000 after acquiring an additional 83,134 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Expro Group by 11.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,090 shares of the company’s stock valued at $575,000 after acquiring an additional 2,649 shares during the period. 92.07% of the stock is owned by hedge funds and other institutional investors.

Expro Group Price Performance

Shares of XPRO stock opened at $13.89 on Monday. The company has a market capitalization of $1.63 billion, a P/E ratio of 99.21, a P/E/G ratio of 1.65 and a beta of 0.99. The company’s 50-day simple moving average is $15.14 and its two-hundred day simple moving average is $18.99. Expro Group Holdings has a one year low of $12.58 and a one year high of $24.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62.

Expro Group (NYSE:XPRO) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. The company had revenue of $422.83 million for the quarter, compared to analysts’ expectations of $436.62 million. Expro Group had a return on equity of 3.70% and a net margin of 0.98%. Expro Group’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. As a group, equities analysts anticipate that Expro Group Holdings will post 0.7 EPS for the current year.

Wall Street Analyst Weigh In

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

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.