JPMorgan Chase & Co. Has $4.33 Million Stake in Expro Group Holdings (NYSE:XPRO)

JPMorgan Chase & Co. increased its stake in Expro Group Holdings (NYSE:XPRO - Free Report) by 479.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,883 shares of the company's stock after purchasing an additional 208,443 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.21% of Expro Group worth $4,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Point72 Hong Kong Ltd acquired a new stake in Expro Group during the 3rd quarter valued at $171,000. MQS Management LLC acquired a new position in Expro Group during the third quarter valued at $205,000. Transatlantique Private Wealth LLC purchased a new stake in Expro Group in the 2nd quarter worth about $214,000. Algert Global LLC purchased a new stake in Expro Group in the 2nd quarter worth about $217,000. Finally, GSA Capital Partners LLP acquired a new stake in Expro Group during the 3rd quarter worth about $235,000. Hedge funds and other institutional investors own 92.07% of the company's stock.

Insider Activity at Expro Group

In related news, CEO Michael Jardon bought 45,200 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of $10.91 per share, for a total transaction of $493,132.00. Following the completion of the acquisition, the chief executive officer now directly owns 336,674 shares in the company, valued at approximately $3,673,113.34. This represents a 15.51 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Wayne Drummond, Jr. purchased 18,000 shares of Expro Group stock in a transaction on Monday, December 16th. The stock was bought at an average cost of $11.39 per share, with a total value of $205,020.00. Following the transaction, the director now directly owns 69,181 shares of the company's stock, valued at approximately $787,971.59. The trade was a 35.17 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on XPRO. The Goldman Sachs Group assumed coverage on shares of Expro Group in a research report on Friday, December 13th. They issued a "neutral" rating and a $18.00 price target for the company. Barclays cut 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 Stock Performance

Shares of XPRO stock opened at $14.82 on Friday. The firm has a market cap of $1.74 billion, a P/E ratio of 105.83, a PEG ratio of 1.22 and a beta of 1.01. 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 fifty-two week low of $10.71 and a fifty-two week high of $24.50. The stock's 50-day moving average is $12.89 and its two-hundred day moving average is $16.78.

Expro Group (NYSE:XPRO - Get Free Report) last issued 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. The firm had revenue of $422.83 million for the quarter, compared to analyst estimates of $436.62 million. Expro Group had a net margin of 0.98% and a return on equity of 3.70%. The company's revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.11) earnings per share. Analysts predict that Expro Group Holdings will post 0.7 earnings per share 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.