Glenorchy Capital Ltd Takes $838,000 Position in Expro Group Holdings (NYSE:XPRO)

Glenorchy Capital Ltd purchased a new stake in shares of Expro Group Holdings (NYSE:XPRO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 52,625 shares of the company’s stock, valued at approximately $838,000.

Several other large investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its position in Expro Group by 16.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,419,697 shares of the company’s stock worth $32,980,000 after buying an additional 203,328 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Expro Group by 4.1% in the third quarter. Verdence Capital Advisors LLC now owns 16,395 shares of the company’s stock worth $381,000 after buying an additional 653 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Expro Group by 612.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,952 shares of the company’s stock worth $45,000 after acquiring an additional 1,678 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Expro Group by 13.2% during the 3rd quarter. Jennison Associates LLC now owns 524,373 shares of the company’s stock valued at $12,181,000 after acquiring an additional 61,121 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Expro Group by 139.5% in the third quarter. Principal Financial Group Inc. now owns 45,243 shares of the company’s stock worth $1,051,000 after buying an additional 26,356 shares during the last quarter. 92.07% of the stock is owned by institutional investors and hedge funds.

Expro Group Price Performance

XPRO stock traded up $0.31 during trading on Tuesday, reaching $19.40. 618,541 shares of the company were exchanged, compared to its average volume of 907,334. Expro Group Holdings has a twelve month low of $14.33 and a twelve month high of $25.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.74 and a quick ratio of 1.45. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of -88.18 and a beta of 0.91. The company has a 50-day moving average of $19.04 and a two-hundred day moving average of $17.66.

Expro Group (NYSE:XPRO) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The company had revenue of $406.75 million during the quarter, compared to analyst estimates of $382.91 million. Expro Group had a negative net margin of 1.54% and a negative return on equity of 0.09%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 EPS. As a group, equities analysts predict that Expro Group Holdings will post 0.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barclays increased their price target on Expro Group from $17.00 to $18.00 and gave the stock an “equal weight” rating in a report on Thursday, February 29th.

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.