Bank of New York Mellon Corp Decreases Stock Holdings in Expro Group Holdings (NYSE:XPRO)

Bank of New York Mellon Corp decreased its holdings in shares of Expro Group Holdings (NYSE:XPRO - Free Report) by 70.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 316,154 shares of the company's stock after selling 744,126 shares during the period. Bank of New York Mellon Corp owned approximately 0.27% of Expro Group worth $3,942,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Loomis Sayles & Co. L P acquired a new stake in shares of Expro Group during the third quarter worth about $16,159,000. JPMorgan Chase & Co. lifted its holdings in shares of Expro Group by 479.8% during the third quarter. JPMorgan Chase & Co. now owns 251,883 shares of the company's stock worth $4,325,000 after purchasing an additional 208,443 shares during the period. Barclays PLC lifted its holdings in shares of Expro Group by 40.1% during the third quarter. Barclays PLC now owns 473,492 shares of the company's stock worth $8,129,000 after purchasing an additional 135,481 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Expro Group by 32.7% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 568,248 shares of the company's stock worth $9,757,000 after purchasing an additional 140,189 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Expro Group by 20.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,052,729 shares of the company's stock worth $18,075,000 after purchasing an additional 176,132 shares during the period. Hedge funds and other institutional investors own 92.07% of the company's stock.

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Expro Group Stock Performance

Expro Group stock traded down $0.41 during mid-day trading on Friday, hitting $10.26. The company had a trading volume of 2,219,503 shares, compared to its average volume of 1,119,918. The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Expro Group Holdings has a 12-month low of $9.85 and a 12-month high of $24.50. The company's fifty day moving average is $12.53 and its 200-day moving average is $13.91. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 73.26, a P/E/G ratio of 1.28 and a beta of 1.12.

Analyst Ratings Changes

A number of research firms recently commented on XPRO. The Goldman Sachs Group began coverage on Expro Group in a report on Friday, December 13th. They set a "neutral" rating and a $18.00 target price for the company. Barclays decreased their target price on Expro Group from $17.00 to $14.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th.

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.