Expro Group Holdings (NYSE:XPRO) Shares Acquired by Emerald Advisers LLC

Emerald Advisers LLC lifted its stake in shares of Expro Group Holdings (NYSE:XPRO) by 55.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 907,451 shares of the company’s stock after buying an additional 321,873 shares during the quarter. Emerald Advisers LLC owned approximately 0.77% of Expro Group worth $15,581,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its stake in Expro Group by 566.2% in the third quarter. Harbor Capital Advisors Inc. now owns 143,221 shares of the company’s stock valued at $2,459,000 after buying an additional 121,723 shares during the last quarter. Emerald Mutual Fund Advisers Trust lifted its stake in Expro Group by 64.7% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 739,080 shares of the company’s stock valued at $12,690,000 after buying an additional 290,212 shares during the last quarter. Glenorchy Capital Ltd lifted its stake in Expro Group by 26.6% in the third quarter. Glenorchy Capital Ltd now owns 84,427 shares of the company’s stock valued at $1,450,000 after buying an additional 17,759 shares during the last quarter. SG Americas Securities LLC lifted 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 buying an additional 4,399 shares during the last quarter. Finally, Clearbridge Investments LLC purchased a new stake in Expro Group in the second quarter valued at approximately $28,156,000. 92.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, 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.

Expro Group Stock Performance

Shares of Expro Group stock traded up $0.02 during trading hours on Friday, hitting $12.77. 951,887 shares of the company were exchanged, compared to its average volume of 1,415,347. Expro Group Holdings has a 1 year low of $12.66 and a 1 year high of $24.50. The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average of $17.09 and a 200-day moving average of $19.83. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 91.21, a P/E/G ratio of 1.52 and a beta of 0.99.

Expro Group (NYSE:XPRO) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $436.62 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. Expro Group’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, analysts expect that Expro Group Holdings will post 0.7 EPS for the current fiscal year.

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.