Emerald Advisers LLC Makes New Investment in Expro Group Holdings (NYSE:XPRO)

Emerald Advisers LLC acquired a new position in shares of Expro Group Holdings (NYSE:XPRO - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 585,578 shares of the company's stock, valued at approximately $13,421,000. Emerald Advisers LLC owned approximately 0.53% of Expro Group as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of XPRO. Earnest Partners LLC purchased a new stake in shares of Expro Group in the 1st quarter valued at $92,106,000. Dimensional Fund Advisors LP boosted its holdings in shares of Expro Group by 45.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,672,872 shares of the company's stock valued at $42,554,000 after acquiring an additional 833,928 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Expro Group by 129.3% in the 1st quarter. Jennison Associates LLC now owns 822,249 shares of the company's stock valued at $16,420,000 after acquiring an additional 463,584 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new stake in Expro Group during the second quarter worth $10,288,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Expro Group during the second quarter worth $9,811,000. Institutional investors own 92.07% of the company's stock.

Insiders Place Their Bets

In other news, CTO Steven J. Russell sold 15,000 shares of Expro Group stock in a transaction on Friday, June 21st. The shares were sold at an average price of $23.01, for a total value of $345,150.00. Following the transaction, the chief technology officer now directly owns 84,873 shares of the company's stock, valued at approximately $1,952,927.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Expro Group Stock Down 3.2 %

NYSE:XPRO traded down $0.58 during mid-day trading on Friday, hitting $17.72. The stock had a trading volume of 1,266,584 shares, compared to its average volume of 952,199. The stock has a 50-day simple moving average of $21.28 and a two-hundred day simple moving average of $20.55. The company has a market capitalization of $1.96 billion, a PE ratio of -98.44, a PEG ratio of 2.15 and a beta of 0.97. Expro Group Holdings has a twelve month low of $14.33 and a twelve month high of $25.04. The company has a current ratio of 1.90, a quick ratio of 1.56 and a debt-to-equity ratio of 0.09.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on XPRO shares. Piper Sandler increased their price target on shares of Expro Group from $26.00 to $29.00 and gave the stock an "overweight" rating in a report on Monday, May 20th. Barclays increased their price target on shares of Expro Group from $27.00 to $28.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $23.00 price target (up from $22.00) on shares of Expro Group in a report on Monday, June 3rd.

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.