Harbor Capital Advisors Inc. Has $450,000 Holdings in Expro Group Holdings (NYSE:XPRO)

Harbor Capital Advisors Inc. decreased its holdings in Expro Group Holdings (NYSE:XPRO) by 74.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,071 shares of the company’s stock after selling 107,150 shares during the period. Harbor Capital Advisors Inc.’s holdings in Expro Group were worth $450,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Transatlantique Private Wealth LLC purchased a new position in Expro Group during the second quarter valued at approximately $214,000. Algert Global LLC acquired a new position in shares of Expro Group in the second quarter worth $217,000. Point72 Hong Kong Ltd purchased a new stake in shares of Expro Group during the third quarter worth $171,000. Hsbc Holdings PLC acquired a new stake in Expro Group during the second quarter valued at $263,000. Finally, MQS Management LLC purchased a new position in Expro Group in the third quarter valued at about $205,000. 92.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on XPRO. Barclays cut their price target on Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. The Goldman Sachs Group assumed coverage on shares of Expro Group in a research note on Friday, December 13th. They issued a “neutral” rating and a $18.00 target price for the company.

Expro Group Price Performance

NYSE XPRO opened at $14.04 on Wednesday. The firm has a market cap of $1.65 billion, a P/E ratio of 100.29, a price-to-earnings-growth ratio of 1.32 and a beta of 1.01. The stock’s 50-day moving average is $12.88 and its two-hundred day moving average is $16.87. Expro Group Holdings has a fifty-two week low of $10.71 and a fifty-two week 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 posted its earnings results on Thursday, October 24th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. Expro Group had a return on equity of 3.70% and a net margin of 0.98%. The firm had revenue of $422.83 million during the quarter, compared to analyst estimates of $436.62 million. During the same period in the previous year, the company earned ($0.11) EPS. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, analysts anticipate that Expro Group Holdings will post 0.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Expro Group news, CEO Michael Jardon purchased 45,200 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of $10.91 per share, with a total value of $493,132.00. Following the transaction, the chief executive officer now directly owns 336,674 shares in the company, valued at approximately $3,673,113.34. This represents a 15.51 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert Wayne Drummond, Jr. acquired 18,000 shares of Expro Group stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost of $11.39 per share, with a total value of $205,020.00. Following the completion of the transaction, the director now directly owns 69,181 shares of the company’s stock, valued at $787,971.59. This trade represents a 35.17 % increase in their position. The disclosure for this purchase can be found here. 1.50% of the stock is owned by insiders.

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.