Hotchkis & Wiley Capital Management LLC Boosts Stake in Expro Group Holdings (NYSE:XPRO)

Hotchkis & Wiley Capital Management LLC raised its position in Expro Group Holdings (NYSE:XPRO) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,568,505 shares of the company’s stock after buying an additional 194,646 shares during the period. Hotchkis & Wiley Capital Management LLC owned 3.22% of Expro Group worth $56,811,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Seven Eight Capital LP bought a new position in shares of Expro Group during the 3rd quarter valued at approximately $223,000. Capricorn Fund Managers Ltd bought a new position in shares of Expro Group during the 4th quarter valued at approximately $159,000. Transatlantique Private Wealth LLC bought a new position in shares of Expro Group during the 3rd quarter valued at approximately $234,000. Acadian Asset Management LLC bought a new position in shares of Expro Group during the 3rd quarter valued at approximately $301,000. Finally, Aristides Capital LLC bought a new position in shares of Expro Group during the 4th quarter valued at approximately $236,000. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Hill Advisors Lp Oak sold 2,701,920 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $22.25, for a total transaction of $60,117,720.00. Following the sale, the insider now owns 11,873,971 shares of the company’s stock, valued at $264,195,854.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Expro Group news, major shareholder Hill Advisors Lp Oak sold 2,701,920 shares of Expro Group stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $22.25, for a total value of $60,117,720.00. Following the completion of the transaction, the insider now directly owns 11,873,971 shares of the company’s stock, valued at $264,195,854.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Quinn P. Fanning sold 17,500 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $21.06, for a total transaction of $368,550.00. Following the transaction, the chief financial officer now directly owns 92,889 shares of the company’s stock, valued at $1,956,242.34. The disclosure for this sale can be found here. Insiders have sold 2,722,240 shares of company stock valued at $60,545,857 over the last quarter. Corporate insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

XPRO has been the subject of several analyst reports. Barclays raised shares of Expro Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $18.00 to $27.00 in a report on Tuesday, May 14th. Piper Sandler raised their price target on shares of Expro Group from $26.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Expro Group in a research report on Monday, June 3rd.

Expro Group Trading Down 1.0 %

Shares of XPRO traded down $0.21 during trading hours on Tuesday, reaching $21.17. 137,389 shares of the company traded hands, compared to its average volume of 892,923. The company’s fifty day moving average price is $20.31 and its two-hundred day moving average price is $18.40. The company has a current ratio of 1.85, a quick ratio of 1.50 and a debt-to-equity ratio of 0.04. Expro Group Holdings has a 12 month low of $14.33 and a 12 month high of $25.04.

Expro Group (NYSE:XPRO) last announced its earnings results on Thursday, April 25th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Expro Group had a negative net margin of 1.26% and a positive return on equity of 0.76%. The company had revenue of $383.49 million for the quarter, compared to the consensus estimate of $369.87 million. Sell-side analysts predict that Expro Group Holdings will post 0.81 earnings per share for the current fiscal 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.