Westfield Capital Management Co. LP Makes New Investment in Expro Group Holdings (NYSE:XPRO)

Westfield Capital Management Co. LP acquired a new stake in shares of Expro Group Holdings (NYSE:XPRO - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,542,292 shares of the company's stock, valued at approximately $26,481,000. Westfield Capital Management Co. LP owned about 1.31% of Expro Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of Expro Group by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,334,758 shares of the company's stock worth $76,435,000 after purchasing an additional 219,432 shares during the period. Boston Partners boosted its stake in shares of Expro Group by 24.1% during the 1st quarter. Boston Partners now owns 2,084,838 shares of the company's stock worth $41,688,000 after acquiring an additional 404,392 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Expro Group in the 2nd quarter worth $9,811,000. Emerald Mutual Fund Advisers Trust bought a new position in Expro Group in the 2nd quarter worth $10,288,000. Finally, Harbor Capital Advisors Inc. lifted its position in Expro Group by 566.2% during the third quarter. Harbor Capital Advisors Inc. now owns 143,221 shares of the company's stock valued at $2,459,000 after purchasing an additional 121,723 shares in the last quarter. Institutional investors own 92.07% of the company's stock.

Analyst Upgrades and Downgrades

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

Expro Group Price Performance

Shares of XPRO traded up $0.06 during trading hours on Monday, reaching $13.86. 1,333,628 shares of the stock traded hands, compared to its average volume of 1,073,956. The company has a market cap of $1.63 billion, a P/E ratio of 99.01, a price-to-earnings-growth ratio of 1.64 and a beta of 0.99. The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The company's 50-day moving average price is $15.45 and its two-hundred day moving average price is $19.18. Expro Group Holdings has a 52-week low of $12.58 and a 52-week high of $24.50.

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

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.