Expro Group Holdings N.V. $XPRO Shares Sold by Earnest Partners LLC

Earnest Partners LLC trimmed its stake in shares of Expro Group Holdings N.V. (NYSE:XPRO) by 4.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,848,634 shares of the company’s stock after selling 353,648 shares during the period. Earnest Partners LLC owned about 0.06% of Expro Group worth $81,362,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of Expro Group by 32.9% during the 3rd quarter. Bank of America Corp DE now owns 706,180 shares of the company’s stock worth $8,389,000 after acquiring an additional 174,670 shares in the last quarter. Creative Planning increased its stake in Expro Group by 34.4% in the 3rd quarter. Creative Planning now owns 41,065 shares of the company’s stock valued at $488,000 after purchasing an additional 10,503 shares in the last quarter. Brooklyn Investment Group raised its holdings in Expro Group by 1,384.9% during the third quarter. Brooklyn Investment Group now owns 12,280 shares of the company’s stock worth $146,000 after purchasing an additional 11,453 shares during the last quarter. Mariner Investment Group LLC acquired a new position in Expro Group during the third quarter worth $238,000. Finally, Interval Partners LP purchased a new stake in Expro Group during the third quarter worth $1,322,000. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Expro Group Stock Up 1.2%

Shares of NYSE:XPRO opened at $16.15 on Monday. The company has a quick ratio of 1.79, a current ratio of 2.16 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.84 billion, a P/E ratio of 35.89 and a beta of 0.91. Expro Group Holdings N.V. has a 52-week low of $6.70 and a 52-week high of $18.73. The stock’s fifty day simple moving average is $16.26 and its 200-day simple moving average is $14.26.

Expro Group (NYSE:XPRO) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Expro Group had a return on equity of 5.09% and a net margin of 3.22%.The firm had revenue of $382.13 million during the quarter, compared to analysts’ expectations of $413.47 million. During the same quarter last year, the business posted $0.19 EPS. The firm’s quarterly revenue was down 12.5% compared to the same quarter last year. As a group, equities research analysts forecast that Expro Group Holdings N.V. will post 0.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Barclays upped their target price on Expro Group from $16.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Expro Group in a research report on Wednesday, January 21st. Freedom Capital cut shares of Expro Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Finally, Piper Sandler downgraded shares of Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 target price for the company. in a report on Thursday, December 18th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.25.

About Expro Group

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.