State Street Corp Boosts Stake in Expro Group Holdings (NYSE:XPRO)

State Street Corp boosted its holdings in shares of Expro Group Holdings (NYSE:XPRO - Free Report) by 7.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,692,260 shares of the company's stock after buying an additional 189,085 shares during the quarter. State Street Corp owned 2.29% of Expro Group worth $46,226,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of XPRO. nVerses Capital LLC purchased a new stake in shares of Expro Group in the second quarter worth about $183,000. Transatlantique Private Wealth LLC purchased a new stake in Expro Group in the 2nd quarter worth approximately $214,000. Algert Global LLC acquired a new stake in shares of Expro Group during the 2nd quarter worth approximately $217,000. Point72 Hong Kong Ltd purchased a new position in shares of Expro Group during the 3rd quarter valued at approximately $171,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Expro Group in the 2nd quarter valued at $263,000. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Expro Group

In related news, CEO Michael Jardon bought 45,200 shares of the business's stock in a transaction on Tuesday, December 17th. The stock was acquired at an average cost of $10.91 per share, with a total value of $493,132.00. Following the purchase, the chief executive officer now directly owns 336,674 shares of the company's stock, valued at $3,673,113.34. The trade was a 15.51 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert Wayne Drummond, Jr. purchased 18,000 shares of the stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of $11.39 per share, for a total transaction of $205,020.00. Following the transaction, the director now owns 69,181 shares in the company, valued at approximately $787,971.59. The trade was a 35.17 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.70% of the company's stock.

Expro Group Price Performance

NYSE:XPRO traded down $0.15 during trading hours on Friday, reaching $11.45. 2,684,193 shares of the company were exchanged, compared to its average volume of 1,109,047. The stock's 50-day moving average is $13.69 and its 200-day moving average is $18.07. Expro Group Holdings has a twelve month low of $10.71 and a twelve month high of $24.50. The firm has a market cap of $1.35 billion, a PE ratio of 81.79, a price-to-earnings-growth ratio of 1.43 and a beta of 1.00. The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Expro Group (NYSE:XPRO - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.23 earnings per share 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 firm had revenue of $422.83 million for the quarter, compared to analyst estimates of $436.62 million. During the same period last year, the company posted ($0.11) EPS. Expro Group's quarterly revenue was up 14.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Expro Group Holdings will post 0.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

XPRO has been the topic of several analyst reports. Barclays dropped their price target on shares of Expro Group from $28.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday, October 28th. The Goldman Sachs Group assumed coverage on Expro Group in a research note on Friday, December 13th. They issued a "neutral" rating and a $18.00 price target for the company.

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.