Expro Group Holdings (NYSE:XPRO) Shares Bought by Jennison Associates LLC

Jennison Associates LLC lifted its stake in shares of Expro Group Holdings (NYSE:XPRO) by 129.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 822,249 shares of the company’s stock after acquiring an additional 463,584 shares during the quarter. Jennison Associates LLC’s holdings in Expro Group were worth $16,420,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Expro Group by 58.0% in the first quarter. GAMMA Investing LLC now owns 1,452 shares of the company’s stock valued at $29,000 after buying an additional 533 shares during the period. Capricorn Fund Managers Ltd acquired a new stake in Expro Group during the fourth quarter valued at approximately $159,000. Seven Eight Capital LP acquired a new stake in Expro Group during the third quarter valued at approximately $223,000. Aristides Capital LLC bought a new stake in Expro Group during the fourth quarter worth approximately $236,000. Finally, Versor Investments LP acquired a new position in Expro Group in the fourth quarter worth approximately $315,000. Institutional investors own 92.07% of the company’s stock.

Insider Activity at Expro Group

In other Expro Group news, CFO Quinn P. Fanning sold 17,500 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $21.06, for a total value of $368,550.00. Following the completion of the sale, the chief financial officer now owns 92,889 shares in the company, valued at approximately $1,956,242.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CTO Steven J. Russell sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $23.01, for a total value of $345,150.00. Following the completion of the sale, the chief technology officer now owns 84,873 shares of the company’s stock, valued at approximately $1,952,927.73. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Quinn P. Fanning sold 17,500 shares of the firm’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 in the company, valued at approximately $1,956,242.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,737,240 shares of company stock valued at $60,891,007. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on XPRO shares. Piper Sandler raised their price objective on Expro Group from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. The Goldman Sachs Group reissued a “neutral” rating and issued a $23.00 price target (up previously from $22.00) on shares of Expro Group in a research note on Monday, June 3rd. Finally, Barclays raised shares of Expro Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $18.00 to $27.00 in a research note on Tuesday, May 14th.

Expro Group Stock Down 5.8 %

Shares of Expro Group stock traded down $1.30 during midday trading on Tuesday, hitting $21.20. The company’s stock had a trading volume of 3,172,974 shares, compared to its average volume of 929,758. Expro Group Holdings has a 1-year low of $14.33 and a 1-year high of $25.04. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.34 billion, a P/E ratio of -117.78 and a beta of 1.02. The stock has a 50-day simple moving average of $21.45 and a 200-day simple moving average of $19.34.

Expro Group (NYSE:XPRO) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The business had revenue of $383.49 million for the quarter, compared to analyst estimates of $369.87 million. Expro Group had a positive return on equity of 0.76% and a negative net margin of 1.26%. As a group, sell-side analysts expect that Expro Group Holdings will post 0.84 earnings per share for the current year.

Expro Group Company Profile

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.