Harbor Capital Advisors Inc. Sells 79,570 Shares of Expro Group Holdings N.V. $XPRO

Harbor Capital Advisors Inc. trimmed its position in Expro Group Holdings N.V. (NYSE:XPRO) by 71.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,114 shares of the company’s stock after selling 79,570 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Expro Group were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. lifted its position in Expro Group by 10.0% during the 2nd quarter. American Century Companies Inc. now owns 5,573,790 shares of the company’s stock worth $47,879,000 after acquiring an additional 507,805 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Expro Group by 3.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,451,214 shares of the company’s stock worth $21,058,000 after purchasing an additional 93,014 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in Expro Group by 35.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,553,748 shares of the company’s stock valued at $13,347,000 after purchasing an additional 405,168 shares during the period. Boston Partners grew its holdings in Expro Group by 73.8% in the 2nd quarter. Boston Partners now owns 1,342,405 shares of the company’s stock valued at $11,536,000 after buying an additional 569,977 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its position in Expro Group by 113.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 939,398 shares of the company’s stock worth $8,069,000 after buying an additional 499,826 shares during the period. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Expro Group Stock Up 1.3%

Shares of XPRO stock opened at $13.55 on Tuesday. Expro Group Holdings N.V. has a one year low of $6.70 and a one year high of $15.04. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.11 and a quick ratio of 1.74. The stock has a fifty day moving average price of $13.75 and a 200 day moving average price of $11.89. The stock has a market cap of $1.54 billion, a P/E ratio of 22.97 and a beta of 1.04.

Expro Group (NYSE:XPRO) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $411.36 million during the quarter, compared to analysts’ expectations of $426.65 million. Expro Group had a net margin of 4.15% and a return on equity of 6.41%. The business’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 EPS. Analysts predict that Expro Group Holdings N.V. will post 0.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group increased their price objective on Expro Group from $12.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Barclays upped their target price on shares of Expro Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of Expro Group in a research report on Wednesday, October 8th. Finally, Piper Sandler downgraded shares of Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price objective on the stock. in a report on Thursday, December 18th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $14.00.

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.