Massachusetts Financial Services Co. MA Boosts Stake in Expro Group Holdings (NYSE:XPRO)

Massachusetts Financial Services Co. MA grew its holdings in Expro Group Holdings (NYSE:XPRO - Free Report) by 19.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,925,259 shares of the company's stock after purchasing an additional 318,043 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.64% of Expro Group worth $24,008,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Expro Group by 479.8% in the third quarter. JPMorgan Chase & Co. now owns 251,883 shares of the company's stock valued at $4,325,000 after purchasing an additional 208,443 shares during the last quarter. Barclays PLC grew its holdings 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 buying an additional 135,481 shares in the last quarter. Sei Investments Co. increased its stake in shares of Expro Group by 66.6% in the 4th quarter. Sei Investments Co. now owns 50,950 shares of the company's stock worth $635,000 after acquiring an additional 20,365 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Expro Group by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 10,236,260 shares of the company's stock worth $127,646,000 after acquiring an additional 260,914 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Expro Group during the 3rd quarter valued at about $3,213,000. 92.07% of the stock is currently owned by institutional investors and hedge funds.

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Expro Group Trading Up 3.4 %

Shares of Expro Group stock traded up $0.27 during trading hours on Friday, hitting $7.97. The company's stock had a trading volume of 1,538,025 shares, compared to its average volume of 1,195,769. The stock has a market cap of $926.95 million, a price-to-earnings ratio of 56.90, a P/E/G ratio of 1.28 and a beta of 0.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98. Expro Group Holdings has a twelve month low of $6.70 and a twelve month high of $24.50. The firm has a fifty day moving average of $10.91 and a 200-day moving average of $12.87.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on XPRO shares. Barclays cut their price objective on shares of Expro Group from $17.00 to $14.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. The Goldman Sachs Group cut their price target on shares of Expro Group from $17.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday.

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.