Federated Hermes Inc. Sells 98,336 Shares of Expro Group Holdings (NYSE:XPRO)

Federated Hermes Inc. reduced its stake in shares of Expro Group Holdings (NYSE:XPRO - Free Report) by 70.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,013 shares of the company's stock after selling 98,336 shares during the quarter. Federated Hermes Inc.'s holdings in Expro Group were worth $524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of XPRO. American Century Companies Inc. boosted its position in shares of Expro Group by 32.3% during the fourth quarter. American Century Companies Inc. now owns 4,206,985 shares of the company's stock worth $52,461,000 after acquiring an additional 1,027,825 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Expro Group by 37.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,809,682 shares of the company's stock valued at $35,037,000 after purchasing an additional 758,449 shares during the last quarter. Leeward Investments LLC MA purchased a new position in shares of Expro Group during the fourth quarter valued at about $7,026,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Expro Group by 19.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,925,259 shares of the company's stock worth $24,008,000 after purchasing an additional 318,043 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Expro Group by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 10,236,260 shares of the company's stock worth $127,646,000 after purchasing an additional 260,914 shares during the last quarter. Institutional investors own 92.07% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on XPRO shares. Barclays dropped their price target on Expro Group from $17.00 to $14.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. The Goldman Sachs Group lowered their target price on Expro Group from $17.00 to $12.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th.

Expro Group Price Performance

Shares of NYSE XPRO traded down $0.46 during mid-day trading on Tuesday, hitting $8.04. 1,031,821 shares of the company's stock traded hands, compared to its average volume of 1,210,105. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62. Expro Group Holdings has a 1 year low of $6.70 and a 1 year high of $24.50. The company's 50-day moving average is $10.23 and its two-hundred day moving average is $12.44. The company has a market capitalization of $933.33 million, a P/E ratio of 57.46, a PEG ratio of 1.28 and a beta of 0.98.

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.