Envestnet Asset Management Inc. Has $6.20 Million Stock Position in Expro Group Holdings (NYSE:XPRO)

Envestnet Asset Management Inc. grew its position in Expro Group Holdings (NYSE:XPRO) by 6.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 270,329 shares of the company’s stock after acquiring an additional 15,406 shares during the period. Envestnet Asset Management Inc. owned 0.24% of Expro Group worth $6,196,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. bought a new position in Expro Group during the first quarter worth $1,356,000. BOKF NA bought a new position in shares of Expro Group in the first quarter valued at $2,943,000. Jennison Associates LLC boosted its holdings in Expro Group by 129.3% during the 1st quarter. Jennison Associates LLC now owns 822,249 shares of the company’s stock worth $16,420,000 after acquiring an additional 463,584 shares during the last quarter. Boston Partners boosted its holdings in shares of Expro Group by 24.1% in the 1st quarter. Boston Partners now owns 2,084,838 shares of the company’s stock worth $41,688,000 after buying an additional 404,392 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Expro Group by 5.8% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 3,568,505 shares of the company’s stock worth $56,811,000 after purchasing an additional 194,646 shares during the period. Institutional investors own 92.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on XPRO shares. Barclays increased their price objective on Expro Group from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. The Goldman Sachs Group reissued 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.

Expro Group Stock Performance

Shares of XPRO opened at $17.03 on Monday. The company has a quick ratio of 1.56, a current ratio of 1.90 and a debt-to-equity ratio of 0.09. The business has a 50-day simple moving average of $19.68 and a two-hundred day simple moving average of $20.46. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of -94.61, a PEG ratio of 1.94 and a beta of 0.97. Expro Group Holdings has a 52 week low of $14.33 and a 52 week high of $24.50.

Expro Group (NYSE:XPRO) last announced its 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). Expro Group had a positive return on equity of 1.43% and a negative net margin of 0.84%. The company had revenue of $469.64 million during the quarter, compared to analysts’ expectations of $419.20 million. On average, analysts expect that Expro Group Holdings will post 0.77 EPS for the current year.

Expro Group Company 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.