Expro Group Holdings (NYSE:XPRO) Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in Expro Group Holdings (NYSE:XPRO - Free Report) by 9.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,326,582 shares of the company's stock after purchasing an additional 199,554 shares during the quarter. Geode Capital Management LLC owned about 1.98% of Expro Group worth $39,956,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC increased its position in Expro Group by 40.1% in the 3rd quarter. Barclays PLC now owns 473,492 shares of the company's stock valued at $8,129,000 after acquiring an additional 135,481 shares during the period. Yaupon Capital Management LP grew its stake in shares of Expro Group by 318.3% in the third quarter. Yaupon Capital Management LP now owns 288,301 shares of the company's stock worth $4,950,000 after purchasing an additional 219,380 shares in the last quarter. State Street Corp increased its holdings in shares of Expro Group by 7.6% during the third quarter. State Street Corp now owns 2,692,260 shares of the company's stock valued at $46,226,000 after purchasing an additional 189,085 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Expro Group during the third quarter valued at about $3,213,000. Finally, Merewether Investment Management LP lifted its holdings in Expro Group by 10.0% in the third quarter. Merewether Investment Management LP now owns 290,484 shares of the company's stock worth $4,988,000 after purchasing an additional 26,300 shares during the period. 92.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Michael Jardon acquired 45,200 shares of Expro Group stock in a transaction on Tuesday, December 17th. The stock was bought at an average cost of $10.91 per share, with a total value of $493,132.00. Following the completion of the purchase, the chief executive officer now owns 336,674 shares of the company's stock, valued at $3,673,113.34. This represents a 15.51 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Wayne Drummond, Jr. bought 18,000 shares of the firm's stock in a transaction on Monday, December 16th. The stock was purchased at an average price of $11.39 per share, with a total value of $205,020.00. Following the completion of the acquisition, the director now owns 69,181 shares of the company's stock, valued at approximately $787,971.59. This trade represents a 35.17 % increase in their ownership of the stock. 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 down $0.05 during trading hours on Wednesday, hitting $11.75. 555,413 shares of the stock traded hands, compared to its average volume of 1,107,743. The stock has a 50-day simple moving average of $13.35 and a 200 day simple moving average of $17.85. The company has a market cap of $1.38 billion, a P/E ratio of 83.93, a P/E/G ratio of 1.43 and a beta of 1.00. 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.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Barclays lowered their target price on shares of Expro Group from $28.00 to $18.00 and set an "overweight" rating on the stock in a research note on Monday, October 28th. The Goldman Sachs Group initiated coverage on shares of Expro Group in a research note on Friday, December 13th. They set a "neutral" rating and a $18.00 price objective on the stock.

Expro Group Company 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.