Harbor Capital Advisors Inc. Increases Stock Position in Expro Group Holdings (NYSE:XPRO)

Harbor Capital Advisors Inc. increased its position in shares of Expro Group Holdings (NYSE:XPRO - Free Report) by 566.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 143,221 shares of the company's stock after buying an additional 121,723 shares during the period. Harbor Capital Advisors Inc. owned 0.12% of Expro Group worth $2,459,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of XPRO. SG Americas Securities LLC bought a new position in shares of Expro Group in the 1st quarter worth $141,000. nVerses Capital LLC bought a new position in shares of Expro Group in the second quarter worth about $183,000. Transatlantique Private Wealth LLC bought a new position in Expro Group during the 2nd quarter worth about $214,000. Algert Global LLC purchased a new position in Expro Group during the 2nd quarter worth approximately $217,000. Finally, Paloma Partners Management Co acquired a new stake in Expro Group in the 1st quarter valued at $239,000. Institutional investors own 92.07% of the company's stock.

Expro Group Stock Performance

Shares of NYSE XPRO traded up $0.09 during midday trading on Tuesday, hitting $12.87. The company's stock had a trading volume of 1,220,143 shares, compared to its average volume of 1,074,653. 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 firm's fifty day moving average price is $16.80 and its 200-day moving average price is $19.76. The firm has a market cap of $1.51 billion, a P/E ratio of 91.94, a P/E/G ratio of 1.52 and a beta of 0.99. Expro Group Holdings has a 1-year low of $12.66 and a 1-year high of $24.50.

Expro Group (NYSE:XPRO - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.04. Expro Group had a net margin of 0.98% and a return on equity of 3.70%. The business had revenue of $422.83 million for the quarter, compared to analyst estimates of $436.62 million. During the same quarter in the previous year, the business earned ($0.11) earnings per share. The firm's revenue was up 14.3% compared to the same quarter last year. On average, sell-side analysts forecast that Expro Group Holdings will post 0.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Barclays reduced their price objective on shares of Expro Group from $28.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, October 28th.

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.