Hotchkis & Wiley Capital Management LLC Cuts Stake in Expro Group Holdings (NYSE:XPRO)

Hotchkis & Wiley Capital Management LLC trimmed its position in Expro Group Holdings (NYSE:XPRO - Free Report) by 9.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,223,375 shares of the company's stock after selling 121,140 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 1.04% of Expro Group worth $21,005,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. raised its stake in Expro Group by 6.1% in the second quarter. American Century Companies Inc. now owns 5,594,611 shares of the company's stock valued at $128,229,000 after purchasing an additional 320,112 shares in the last quarter. Earnest Partners LLC grew its position in Expro Group by 3.0% during the second quarter. Earnest Partners LLC now owns 4,752,815 shares of the company's stock valued at $108,935,000 after acquiring an additional 140,617 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Expro Group by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,334,758 shares of the company's stock valued at $76,435,000 after acquiring an additional 219,432 shares during the last quarter. Vanguard Group Inc. grew its position in Expro Group by 1.6% during the first quarter. Vanguard Group Inc. now owns 2,352,277 shares of the company's stock valued at $46,975,000 after acquiring an additional 38,053 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of 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 purchasing an additional 91,961 shares during the last quarter. 92.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Barclays cut their target price on shares of Expro Group from $28.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, October 28th.

Expro Group Stock Down 4.3 %

Expro Group stock traded down $0.59 during mid-day trading on Wednesday, reaching $13.11. The stock had a trading volume of 893,221 shares, compared to its average volume of 1,080,169. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 93.65, a PEG ratio of 1.64 and a beta of 1.00. The company has a 50-day moving average price of $14.89 and a two-hundred day moving average price of $18.84. Expro Group Holdings has a one year low of $12.58 and a one year high of $24.50. 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 (NYSE:XPRO - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.23 earnings per share (EPS) 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 business had revenue of $422.83 million for the quarter, compared to analysts' expectations of $436.62 million. During the same quarter in the prior year, the business earned ($0.11) EPS. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. On average, analysts expect that Expro Group Holdings will post 0.7 EPS for the current fiscal year.

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.