Jane Street Group LLC Trims Stock Position in Expro Group Holdings (NYSE:XPRO)

Jane Street Group LLC decreased its position in Expro Group Holdings (NYSE:XPRO - Free Report) by 63.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,395 shares of the company's stock after selling 112,422 shares during the quarter. Jane Street Group LLC owned 0.05% of Expro Group worth $1,088,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in XPRO. Point72 Hong Kong Ltd acquired a new position in shares of Expro Group in the third quarter valued at approximately $171,000. nVerses Capital LLC acquired a new position in shares of Expro Group in the second quarter worth $183,000. MQS Management LLC purchased a new stake in shares of Expro Group during the third quarter worth $205,000. Transatlantique Private Wealth LLC purchased a new stake in shares of Expro Group during the second quarter worth $214,000. Finally, Algert Global LLC purchased a new stake in shares of Expro Group during the second quarter worth approximately $217,000. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on XPRO shares. The Goldman Sachs Group began coverage on shares of Expro Group in a research report on Friday, December 13th. They issued a "neutral" rating and a $18.00 price objective on the stock. Barclays dropped their target price on 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 Performance

Shares of XPRO traded up $0.41 during mid-day trading on Tuesday, hitting $12.47. 1,461,142 shares of the company's stock were exchanged, compared to its average volume of 1,103,778. 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 Holdings has a fifty-two week low of $10.71 and a fifty-two week high of $24.50. The business's 50 day moving average is $12.89 and its two-hundred day moving average is $17.52. The firm has a market capitalization of $1.47 billion, a P/E ratio of 89.08, a P/E/G ratio of 1.43 and a beta of 1.00.

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, topping analysts' consensus estimates of $0.19 by $0.04. Expro Group had a return on equity of 3.70% and a net margin of 0.98%. The company had revenue of $422.83 million during the quarter, compared to analysts' expectations of $436.62 million. During the same period last year, the firm earned ($0.11) EPS. The firm's revenue for the quarter was up 14.3% on a year-over-year basis. On average, equities analysts expect that Expro Group Holdings will post 0.7 earnings per share for the current year.

Insider Buying and Selling at Expro Group

In other Expro Group news, CEO Michael Jardon purchased 45,200 shares of Expro Group stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average cost of $10.91 per share, with a total value of $493,132.00. Following the acquisition, the chief executive officer now directly 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Wayne Drummond, Jr. acquired 18,000 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of $11.39 per share, for a total transaction of $205,020.00. Following the acquisition, the director now directly owns 69,181 shares of the company's stock, valued at $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 corporate insiders.

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.