T. Rowe Price Investment Management Inc. Acquires 2,426,258 Shares of Expro Group Holdings (NYSE:XPRO)

T. Rowe Price Investment Management Inc. increased its stake in shares of Expro Group Holdings (NYSE:XPRO - Free Report) by 27.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,125,506 shares of the company's stock after acquiring an additional 2,426,258 shares during the period. T. Rowe Price Investment Management Inc. owned about 9.47% of Expro Group worth $138,736,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in XPRO. American Century Companies Inc. boosted its position in Expro Group by 32.3% during the fourth quarter. American Century Companies Inc. now owns 4,206,985 shares of the company's stock worth $52,461,000 after purchasing an additional 1,027,825 shares during the period. William Blair Investment Management LLC grew its position in shares of Expro Group by 37.0% in the fourth quarter. William Blair Investment Management LLC now owns 2,809,682 shares of the company's stock valued at $35,037,000 after purchasing an additional 758,449 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Expro Group by 18.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,754,280 shares of the company's stock worth $59,283,000 after buying an additional 728,836 shares in the last quarter. CenterBook Partners LP bought a new stake in Expro Group in the 4th quarter valued at about $7,794,000. Finally, Leeward Investments LLC MA bought a new position in Expro Group during the 4th quarter worth $7,026,000. Institutional investors and hedge funds own 92.07% of the company's stock.

Expro Group Stock Performance

XPRO traded down $0.14 during midday trading on Monday, reaching $8.04. The company had a trading volume of 1,183,453 shares, compared to its average volume of 1,212,387. Expro Group Holdings has a 12-month low of $6.70 and a 12-month high of $24.50. 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 has a 50-day moving average price of $9.91 and a two-hundred day moving average price of $12.22. The stock has a market cap of $932.87 million, a PE ratio of 57.43, a P/E/G ratio of 1.28 and a beta of 0.98.

Wall Street Analyst Weigh In

XPRO has been the subject of several recent analyst reports. Barclays cut their target price on Expro Group from $17.00 to $14.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. The Goldman Sachs Group decreased their price objective on Expro Group from $17.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, April 10th.

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.