Barclays PLC Grows Stock Holdings in Expro Group Holdings (NYSE:XPRO)

Barclays PLC raised its position in shares of Expro Group Holdings (NYSE:XPRO - Free Report) by 40.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 473,492 shares of the company's stock after purchasing an additional 135,481 shares during the period. Barclays PLC owned about 0.40% of Expro Group worth $8,129,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in XPRO. Point72 Hong Kong Ltd purchased a new position in shares of Expro Group during the third quarter valued at $171,000. nVerses Capital LLC purchased a new position in Expro Group during the 2nd quarter valued at about $183,000. MQS Management LLC bought a new stake in shares of Expro Group in the 3rd quarter valued at about $205,000. Transatlantique Private Wealth LLC purchased a new stake in shares of Expro Group in the 2nd quarter worth approximately $214,000. Finally, Algert Global LLC purchased a new stake in shares of Expro Group in the 2nd quarter worth approximately $217,000. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

Expro Group Stock Up 4.1 %

Shares of NYSE:XPRO traded up $0.45 during trading on Wednesday, reaching $11.54. The stock had a trading volume of 3,730,867 shares, compared to its average volume of 1,099,193. The firm's 50-day simple moving average is $13.91 and its 200 day simple moving average is $18.16. 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 one year low of $10.71 and a one year high of $24.50. The company has a market capitalization of $1.36 billion, a P/E ratio of 82.43, a PEG ratio of 1.43 and a beta of 1.00.

Expro Group (NYSE:XPRO - Get Free Report) last released its quarterly earnings results 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 business had revenue of $422.83 million for the quarter, compared to analyst estimates of $436.62 million. Expro Group had a net margin of 0.98% and a return on equity of 3.70%. The business's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.11) earnings per share. As a group, research analysts expect that Expro Group Holdings will post 0.7 EPS for the current fiscal year.

Insider Activity at Expro Group

In other news, Director Robert Wayne Drummond, Jr. bought 18,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average cost of $11.39 per share, with a total value of $205,020.00. Following the transaction, the director now directly owns 69,181 shares in the company, valued at approximately $787,971.59. The trade was a 35.17 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Jardon purchased 45,200 shares of the stock in a transaction on Tuesday, December 17th. The shares were purchased 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 owns 336,674 shares in the company, valued at $3,673,113.34. This trade represents a 15.51 % increase in their position. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

XPRO has been the subject of a number of recent research reports. Barclays reduced their price objective on shares of 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 began coverage on Expro Group in a report on Friday, December 13th. They issued a "neutral" rating and a $18.00 price target on the stock.

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.