Emerald Advisers LLC increased its stake in Expro Group Holdings (NYSE:XPRO - Free Report) by 55.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 907,451 shares of the company's stock after buying an additional 321,873 shares during the period. Emerald Advisers LLC owned about 0.77% of Expro Group worth $15,581,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. boosted its holdings in Expro Group by 6.1% in the second quarter. American Century Companies Inc. now owns 5,594,611 shares of the company's stock worth $128,229,000 after purchasing an additional 320,112 shares during the period. Earnest Partners LLC boosted its holdings in Expro Group by 3.0% in the second quarter. Earnest Partners LLC now owns 4,752,815 shares of the company's stock worth $108,935,000 after purchasing an additional 140,617 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Expro Group by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,334,758 shares of the company's stock worth $76,435,000 after purchasing an additional 219,432 shares during the period. Vanguard Group Inc. boosted its holdings in Expro Group by 1.6% in the first quarter. Vanguard Group Inc. now owns 2,352,277 shares of the company's stock worth $46,975,000 after purchasing an additional 38,053 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in shares of Expro Group by 12.5% during the first quarter. William Blair Investment Management LLC now owns 2,122,987 shares of the company's stock valued at $42,396,000 after acquiring an additional 236,098 shares during the period. Institutional investors own 92.07% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Barclays reduced their price target on shares of Expro Group from $28.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, October 28th.
Check Out Our Latest Research Report on XPRO
Expro Group Stock Performance
Shares of XPRO traded up $0.02 during midday trading on Friday, hitting $12.77. 951,887 shares of the stock traded hands, compared to its average volume of 1,415,347. Expro Group Holdings has a 1-year low of $12.66 and a 1-year high of $24.50. The firm has a market capitalization of $1.50 billion, a PE ratio of 91.21, a price-to-earnings-growth ratio of 1.52 and a beta of 0.99. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98. The business's 50 day moving average price is $17.09 and its two-hundred day moving average price is $19.84.
Expro Group (NYSE:XPRO - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The company had revenue of $422.83 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.11) earnings per share. Equities research analysts predict that Expro Group Holdings will post 0.7 EPS for the current fiscal year.
About Expro Group
(
Free Report)
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.
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