Sei Investments Co. Raises Position in Expro Group Holdings N.V. $XPRO

Sei Investments Co. lifted its holdings in shares of Expro Group Holdings N.V. (NYSE:XPRO) by 36.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 163,075 shares of the company’s stock after purchasing an additional 43,308 shares during the quarter. Sei Investments Co. owned about 0.14% of Expro Group worth $2,839,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in XPRO. KBC Group NV acquired a new stake in Expro Group in the 1st quarter worth about $45,000. Global Retirement Partners LLC acquired a new position in shares of Expro Group during the 4th quarter valued at about $51,000. Quadrant Capital Group LLC lifted its holdings in shares of Expro Group by 2,978.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock worth $53,000 after acquiring an additional 3,813 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of Expro Group during the 4th quarter worth about $69,000. Finally, US Bancorp DE boosted its position in shares of Expro Group by 8.6% in the third quarter. US Bancorp DE now owns 10,062 shares of the company’s stock worth $120,000 after acquiring an additional 799 shares during the last quarter. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on XPRO. Barclays lowered their target price on shares of Expro Group from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Weiss Ratings upgraded shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Freedom Capital raised shares of Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Zacks Research upgraded Expro Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, The Goldman Sachs Group set a $19.00 target price on Expro Group in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $18.00.

Insider Buying and Selling at Expro Group

In related news, Director Eileen Goss Whelley sold 6,168 shares of Expro Group stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total transaction of $93,383.52. Following the transaction, the director owned 47,648 shares in the company, valued at approximately $721,390.72. The trade was a 11.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.80% of the company’s stock.

Expro Group Stock Down 0.1%

XPRO opened at $16.98 on Friday. Expro Group Holdings N.V. has a 1 year low of $9.81 and a 1 year high of $18.73. The firm has a 50 day moving average price of $15.37 and a 200 day moving average price of $16.18. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.13. The company has a market cap of $1.91 billion, a PE ratio of 94.34 and a beta of 0.90.

Expro Group (NYSE:XPRO) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Expro Group had a net margin of 1.33% and a return on equity of 3.27%. The business had revenue of $393.18 million for the quarter, compared to analyst estimates of $387.36 million. During the same period last year, the firm earned $0.30 earnings per share. The company’s quarterly revenue was down 7.0% on a year-over-year basis. Sell-side analysts expect that Expro Group Holdings N.V. will post 0.53 earnings per share for the current year.

Expro Group Company Profile

Expro Group plc is a global energy services company that specializes in well flow management and well testing solutions for the oil and gas industry. The company’s core offerings include wellhead and pressure control systems, downhole well construction tools, subsea intervention services, and integrated tubular running services. These capabilities enable exploration and production companies to optimize well performance, enhance safety and mitigate operational risk throughout the drilling, completion and intervention phases of the well life cycle.

Founded in 1973, Expro has grown both organically and through targeted acquisitions to establish a presence in more than 30 countries.