52,625 Shares in Expro Group Holdings (NYSE:XPRO) Acquired by Glenorchy Capital Ltd

Glenorchy Capital Ltd purchased a new position in shares of Expro Group Holdings (NYSE:XPRO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 52,625 shares of the company’s stock, valued at approximately $838,000.

A number of other large investors also recently made changes to their positions in XPRO. Vanguard Group Inc. increased its position in Expro Group by 15.6% during the third quarter. Vanguard Group Inc. now owns 2,216,555 shares of the company’s stock worth $51,491,000 after purchasing an additional 298,655 shares during the last quarter. Sourcerock Group LLC increased its stake in Expro Group by 20.9% during the third quarter. Sourcerock Group LLC now owns 2,034,368 shares of the company’s stock worth $47,258,000 after acquiring an additional 351,079 shares during the last quarter. American Century Companies Inc. increased its stake in Expro Group by 27.1% during the third quarter. American Century Companies Inc. now owns 1,861,245 shares of the company’s stock worth $43,237,000 after acquiring an additional 396,887 shares during the last quarter. Bank of New York Mellon Corp increased its position in Expro Group by 16.7% during 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 purchasing an additional 203,328 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its position in Expro Group by 100.8% during the third quarter. Loomis Sayles & Co. L P now owns 1,272,501 shares of the company’s stock valued at $29,561,000 after buying an additional 638,703 shares in the last quarter. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Expro Group Stock Performance

Shares of NYSE XPRO traded up $0.31 during mid-day trading on Tuesday, hitting $19.40. The company had a trading volume of 618,541 shares, compared to its average volume of 907,334. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -88.18 and a beta of 0.91. The firm’s 50 day simple moving average is $19.04 and its two-hundred day simple moving average is $17.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.74 and a quick ratio of 1.45. Expro Group Holdings has a 12 month low of $14.33 and a 12 month high of $25.04.

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

Wall Street Analysts Forecast Growth

Separately, Barclays raised their target price on shares of Expro Group from $17.00 to $18.00 and gave the company an “equal weight” rating in a research note 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.