Charles Schwab Investment Management Inc. Increases Stock Position in Expro Group Holdings (NYSE:XPRO)

Charles Schwab Investment Management Inc. raised its holdings in Expro Group Holdings (NYSE:XPRO - Free Report) by 20.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,052,729 shares of the company's stock after buying an additional 176,132 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.90% of Expro Group worth $18,075,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of XPRO. Intech Investment Management LLC purchased a new position in shares of Expro Group in the 3rd quarter valued at about $477,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Expro Group by 32.7% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 568,248 shares of the company's stock valued at $9,757,000 after acquiring an additional 140,189 shares in the last quarter. Jennison Associates LLC lifted its stake in Expro Group by 4.2% in the third quarter. Jennison Associates LLC now owns 2,286,181 shares of the company's stock worth $39,254,000 after acquiring an additional 91,961 shares during the last quarter. MQS Management LLC acquired a new position in Expro Group during the 3rd quarter worth approximately $205,000. Finally, Victory Capital Management Inc. increased its position in shares of Expro Group by 3.2% in the 3rd quarter. Victory Capital Management Inc. now owns 474,801 shares of the company's stock valued at $8,152,000 after purchasing an additional 14,748 shares during the last quarter. Institutional investors and hedge funds own 92.07% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered their target price 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.

Expro Group Stock Down 9.3 %

XPRO stock traded down $1.22 during trading on Friday, hitting $11.89. 1,781,417 shares of the company's stock were exchanged, compared to its average volume of 1,031,027. The business has a 50-day moving average price of $14.72 and a two-hundred day moving average price of $18.69. 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 stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 84.93, a PEG ratio of 1.56 and a beta of 1.00. Expro Group Holdings has a 52-week low of $11.83 and a 52-week high of $24.50.

Expro Group (NYSE:XPRO - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $422.83 million during the quarter, compared to the consensus estimate of $436.62 million. Expro Group had a net margin of 0.98% and a return on equity of 3.70%. The company's revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.11) EPS. As a group, equities research analysts expect that Expro Group Holdings will post 0.7 EPS for the current 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.