Pacer Advisors Inc. Lowers Holdings in Expro Group Holdings N.V. $XPRO

Pacer Advisors Inc. trimmed its stake in shares of Expro Group Holdings N.V. (NYSE:XPRO) by 12.3% during the 4th quarter, Holdings Channel reports. The fund owned 356,188 shares of the company’s stock after selling 49,792 shares during the quarter. Pacer Advisors Inc.’s holdings in Expro Group were worth $4,755,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in Expro Group by 20.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,030,884 shares of the company’s stock valued at $147,264,000 after acquiring an additional 1,878,245 shares during the period. Vanguard Group Inc. increased its holdings in shares of Expro Group by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 10,626,402 shares of the company’s stock valued at $126,242,000 after purchasing an additional 38,826 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Expro Group by 8.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,383,833 shares of the company’s stock valued at $71,876,000 after purchasing an additional 432,477 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of Expro Group in the 4th quarter valued at $58,165,000. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Expro Group by 35.3% in 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. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

Expro Group Price Performance

Expro Group stock opened at $13.86 on Tuesday. The company’s fifty day moving average price is $16.10 and its 200 day moving average price is $15.92. Expro Group Holdings N.V. has a 1 year low of $8.20 and a 1 year high of $18.73. The stock has a market capitalization of $1.57 billion, a P/E ratio of 43.31 and a beta of 0.90. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.13.

Insider Transactions at Expro Group

In other news, Director Eileen Goss Whelley sold 6,168 shares of Expro Group stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total value of $93,383.52. Following the sale, the director owned 47,648 shares in the company, valued at $721,390.72. This trade represents a 11.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. Piper Sandler raised their price target on shares of Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a research report on Wednesday, April 15th. KeyCorp upgraded shares of Expro Group to a “neutral” rating in a research report on Thursday, June 4th. Weiss Ratings lowered shares of Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Barclays raised their target price on Expro Group from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, The Goldman Sachs Group set a $19.00 price target on Expro Group in a research note on Thursday, June 4th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Expro Group currently has a consensus rating of “Hold” and a consensus target price of $19.33.

Expro Group 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.