Wellington Management Group LLP Has $7.72 Million Stock Holdings in Expro Group Holdings (NYSE:XPRO)

Wellington Management Group LLP cut its stake in Expro Group Holdings (NYSE:XPRO - Free Report) by 12.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 449,526 shares of the company's stock after selling 61,781 shares during the period. Wellington Management Group LLP owned 0.38% of Expro Group worth $7,718,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its position in Expro Group by 6.1% in the 2nd 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 last quarter. Earnest Partners LLC grew its position 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 buying an additional 140,617 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Expro Group by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,334,758 shares of the company's stock valued at $76,435,000 after purchasing an additional 219,432 shares during the last quarter. State Street Corp boosted its holdings in shares of Expro Group by 7.6% in the third quarter. State Street Corp now owns 2,692,260 shares of the company's stock worth $46,226,000 after buying an additional 189,085 shares during the period. Finally, Jennison Associates LLC grew its position in Expro Group by 4.2% during the 3rd quarter. Jennison Associates LLC now owns 2,286,181 shares of the company's stock worth $39,254,000 after purchasing an additional 91,961 shares in the last quarter. 92.07% of the stock is currently owned by institutional investors.

Expro Group Stock Performance

Shares of NYSE XPRO traded up $0.04 during mid-day trading on Tuesday, hitting $11.09. The company had a trading volume of 1,156,592 shares, compared to its average volume of 1,088,309. Expro Group Holdings has a 12 month low of $10.71 and a 12 month high of $24.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62. The firm has a market cap of $1.30 billion, a P/E ratio of 79.00, a PEG ratio of 1.43 and a beta of 1.00. The business's 50-day simple moving average is $14.02 and its 200-day simple moving average is $18.23.

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. 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 quarter in the previous year, the firm posted ($0.11) EPS. The business's revenue for the quarter was up 14.3% on a year-over-year basis. As a group, analysts predict that Expro Group Holdings will post 0.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on XPRO shares. Barclays decreased their target price on shares of Expro Group from $28.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, October 28th. The Goldman Sachs Group started coverage on Expro Group in a research report on Friday. They issued a "neutral" rating and a $18.00 price target on the stock.

Insider Buying and Selling at Expro Group

In other news, Director Robert Wayne Drummond, Jr. purchased 18,000 shares of the business's stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of $11.39 per share, with a total value of $205,020.00. Following the completion of the purchase, the director now directly owns 69,181 shares of the company's stock, valued at $787,971.59. The trade was a 35.17 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Jardon acquired 45,200 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average price of $10.91 per share, with a total value of $493,132.00. Following the completion of the transaction, the chief executive officer now owns 336,674 shares of the company's stock, valued at approximately $3,673,113.34. This trade represents a 15.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company's stock.

Expro Group Company 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.