Expro Group Holdings (NYSE:XPRO) Stake Lowered by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. trimmed its stake in Expro Group Holdings (NYSE:XPRO - Free Report) by 74.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 36,071 shares of the company's stock after selling 107,150 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Expro Group were worth $450,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of XPRO. Rhumbline Advisers grew its holdings in Expro Group by 13.1% in the 2nd quarter. Rhumbline Advisers now owns 157,421 shares of the company's stock worth $3,608,000 after buying an additional 18,236 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new position in Expro Group during the 2nd quarter worth $1,966,000. Oppenheimer Asset Management Inc. grew its stake in shares of Expro Group by 11.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 75,748 shares of the company's stock worth $1,736,000 after purchasing an additional 7,867 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Expro Group by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 270,329 shares of the company's stock valued at $6,196,000 after purchasing an additional 15,406 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Expro Group by 1.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,636,140 shares of the company's stock valued at $37,500,000 after purchasing an additional 24,865 shares in the last quarter. Institutional investors and hedge funds own 92.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on XPRO shares. The Goldman Sachs Group assumed coverage on shares of Expro Group in a research report on Friday, December 13th. They issued a "neutral" rating and a $18.00 target price for the company. Barclays decreased their price objective on shares of Expro Group from $28.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, October 28th.

Insider Buying and Selling

In other Expro Group news, Director Robert Wayne Drummond, Jr. purchased 18,000 shares of the stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of $11.39 per share, for a total transaction of $205,020.00. Following the completion of the acquisition, the director now owns 69,181 shares of the company's stock, valued at $787,971.59. This represents a 35.17 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Jardon purchased 45,200 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The shares were acquired at an average cost of $10.91 per share, for a total transaction of $493,132.00. Following the completion of the transaction, the chief executive officer now directly owns 336,674 shares of the company's stock, 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. 1.50% of the stock is currently owned by insiders.

Expro Group Price Performance

XPRO stock traded up $0.51 during trading hours on Wednesday, hitting $14.56. 1,245,978 shares of the stock traded hands, compared to its average volume of 1,292,275. The stock has a 50-day simple moving average of $12.88 and a 200 day simple moving average of $16.87. The company has a market cap of $1.71 billion, a P/E ratio of 104.01, a P/E/G ratio of 1.32 and a beta of 1.01. Expro Group Holdings has a one year low of $10.71 and a one 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.

Expro Group (NYSE:XPRO - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. Expro Group had a net margin of 0.98% and a return on equity of 3.70%. The company had revenue of $422.83 million during the quarter, compared to analyst estimates of $436.62 million. During the same quarter last year, the firm posted ($0.11) EPS. The business's revenue for the quarter was up 14.3% on a year-over-year basis. Equities analysts forecast that Expro Group Holdings will post 0.7 earnings per share for the current year.

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.