Fmr LLC Has $252.59 Million Position in Expro Group Holdings (NYSE:XPRO)

FMR LLC trimmed its stake in Expro Group Holdings (NYSE:XPRO - Free Report) by 6.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,711,065 shares of the company's stock after selling 1,013,950 shares during the period. FMR LLC owned 12.52% of Expro Group worth $252,589,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XPRO. Vanguard Group Inc. boosted its stake in Expro Group by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 2,352,277 shares of the company's stock valued at $46,975,000 after purchasing an additional 38,053 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Expro Group by 269.5% during the second quarter. Harbor Capital Advisors Inc. now owns 21,498 shares of the company's stock valued at $493,000 after purchasing an additional 15,680 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Expro Group by 155.8% during the 2nd quarter. SG Americas Securities LLC now owns 18,043 shares of the company's stock worth $414,000 after acquiring an additional 10,990 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Expro Group by 5.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,524,545 shares of the company's stock valued at $34,943,000 after acquiring an additional 83,134 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Expro Group by 11.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,090 shares of the company's stock valued at $575,000 after acquiring an additional 2,649 shares during the period. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Barclays dropped 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 report on Monday, October 28th.

Expro Group Price Performance

NYSE:XPRO traded down $0.24 during mid-day trading on Monday, reaching $13.65. 988,064 shares of the company were exchanged, compared to its average volume of 1,079,129. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.60 billion, a PE ratio of 99.21, a PEG ratio of 1.65 and a beta of 0.99. Expro Group Holdings has a 12 month low of $12.58 and a 12 month high of $24.50. The company has a fifty day moving average of $15.14 and a 200 day moving average of $18.99.

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