Point72 Asset Management L.P. Purchases New Stake in Expro Group Holdings (NYSE:XPRO)

Point72 Asset Management L.P. purchased a new stake in shares of Expro Group Holdings (NYSE:XPRO - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 187,102 shares of the company's stock, valued at approximately $3,213,000. Point72 Asset Management L.P. owned 0.16% of Expro Group as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Expro Group by 11.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,090 shares of the company's stock worth $575,000 after buying an additional 2,649 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Expro Group by 9.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 48,317 shares of the company's stock valued at $1,107,000 after acquiring an additional 4,114 shares during the period. SG Americas Securities LLC grew its position in Expro Group by 24.4% in the 3rd quarter. SG Americas Securities LLC now owns 22,442 shares of the company's stock valued at $385,000 after acquiring an additional 4,399 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Expro Group by 11.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 75,748 shares of the company's stock worth $1,736,000 after purchasing an additional 7,867 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of Expro Group during the second quarter worth about $183,000. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Expro Group Stock Up 1.7 %

Expro Group stock traded up $0.21 during mid-day trading on Tuesday, hitting $12.22. The company had a trading volume of 1,034,560 shares, compared to its average volume of 1,081,293. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. Expro Group Holdings has a 1 year low of $11.83 and a 1 year high of $24.50. The business has a fifty day moving average of $14.62 and a 200 day moving average of $18.60. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 85.79, a PEG ratio of 1.42 and a beta of 1.00.

Expro Group (NYSE:XPRO - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.04. The firm had revenue of $422.83 million for 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 was up 14.3% on a year-over-year basis. During the same period last year, the firm posted ($0.11) EPS. On average, sell-side analysts expect that Expro Group Holdings will post 0.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barclays dropped their price objective 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.

Expro Group 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.