Jennison Associates LLC Raises Stock Position in Expro Group Holdings (NYSE:XPRO)

Jennison Associates LLC grew its holdings in Expro Group Holdings (NYSE:XPRO - Free Report) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,286,181 shares of the company's stock after acquiring an additional 91,961 shares during the period. Jennison Associates LLC owned 1.95% of Expro Group worth $39,254,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. MQS Management LLC purchased a new position in Expro Group during the third quarter valued at $205,000. Victory Capital Management Inc. raised its stake in shares of Expro Group by 3.2% in the third quarter. Victory Capital Management Inc. now owns 474,801 shares of the company's stock worth $8,152,000 after buying an additional 14,748 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Expro Group during the 3rd quarter valued at about $235,000. State of New Jersey Common Pension Fund D grew its stake in shares of Expro Group by 13.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 96,996 shares of the company's stock valued at $1,665,000 after acquiring an additional 11,210 shares during the period. Finally, Emerald Advisers LLC increased its holdings in Expro Group by 55.0% in the 3rd quarter. Emerald Advisers LLC now owns 907,451 shares of the company's stock worth $15,581,000 after acquiring an additional 321,873 shares in the last quarter. Hedge funds and other institutional investors own 92.07% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their price target 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

Shares of NYSE:XPRO traded up $0.38 during trading on Friday, hitting $13.99. 534,816 shares of the company's stock were exchanged, compared to its average volume of 1,070,458. The business's 50-day simple moving average is $15.59 and its 200 day simple moving average is $19.27. 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 52-week low of $12.58 and a 52-week high of $24.50. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 97.22, a PEG ratio of 1.53 and a beta of 0.99.

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 analysts' consensus estimates of $0.19 by $0.04. The business had revenue of $422.83 million for the quarter, compared to analysts' expectations of $436.62 million. Expro Group had a net margin of 0.98% and a return on equity of 3.70%. The business's revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.11) earnings per share. As a group, equities analysts predict that Expro Group Holdings will post 0.7 EPS for the current 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.