Bank of New York Mellon Corp Has $34.94 Million Stock Holdings in Expro Group Holdings (NYSE:XPRO)

Bank of New York Mellon Corp grew its stake in shares of Expro Group Holdings (NYSE:XPRO - Free Report) by 5.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,524,545 shares of the company's stock after acquiring an additional 83,134 shares during the period. Bank of New York Mellon Corp owned about 1.38% of Expro Group worth $34,943,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Expro Group by 58.0% in the first quarter. GAMMA Investing LLC now owns 1,452 shares of the company's stock valued at $29,000 after purchasing an additional 533 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Expro Group in the first quarter valued at approximately $141,000. Paloma Partners Management Co acquired a new position in Expro Group during the first quarter worth approximately $239,000. Aristides Capital LLC acquired a new position in shares of Expro Group in the 4th quarter valued at $236,000. Finally, ProShare Advisors LLC raised its position in shares of Expro Group by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 16,099 shares of the company's stock worth $321,000 after buying an additional 1,267 shares during the period. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

Expro Group Stock Down 6.3 %

Expro Group stock traded down $1.25 during midday trading on Tuesday, hitting $18.61. 550,899 shares of the stock were exchanged, compared to its average volume of 954,660. Expro Group Holdings has a 1 year low of $14.33 and a 1 year high of $25.04. The firm has a market cap of $2.06 billion, a P/E ratio of -110.33, a P/E/G ratio of 2.15 and a beta of 1.02. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.90 and a quick ratio of 1.56. The company has a 50 day moving average price of $21.67 and a two-hundred day moving average price of $20.58.

Expro Group (NYSE:XPRO - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Expro Group had a positive return on equity of 1.43% and a negative net margin of 0.84%. The company had revenue of $469.64 million for the quarter, compared to the consensus estimate of $419.20 million. On average, sell-side analysts predict that Expro Group Holdings will post 0.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. The Goldman Sachs Group restated a "neutral" rating and issued a $23.00 price target (up previously from $22.00) on shares of Expro Group in a report on Monday, June 3rd. Barclays raised their target price on shares of Expro Group from $27.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. Finally, Piper Sandler upped their price target on shares of Expro Group from $26.00 to $29.00 and gave the stock an "overweight" rating in a research report on Monday, May 20th.

Insider Transactions at Expro Group

In related news, CTO Steven J. Russell sold 15,000 shares of the company's stock in a transaction on Friday, June 21st. The stock was sold at an average price of $23.01, for a total transaction of $345,150.00. Following the completion of the transaction, the chief technology officer now directly owns 84,873 shares in the company, valued at approximately $1,952,927.73. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.50% of the company's stock.

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.