Emerald Mutual Fund Advisers Trust Sells 593,455 Shares of Expro Group Holdings (NYSE:XPRO)

Emerald Mutual Fund Advisers Trust cut its stake in shares of Expro Group Holdings (NYSE:XPRO - Free Report) by 80.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 145,625 shares of the company's stock after selling 593,455 shares during the quarter. Emerald Mutual Fund Advisers Trust owned about 0.12% of Expro Group worth $1,816,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Oxford Asset Management LLP lifted its position in Expro Group by 139.4% in the 4th quarter. Oxford Asset Management LLP now owns 28,207 shares of the company's stock valued at $352,000 after acquiring an additional 16,423 shares in the last quarter. Nebula Research & Development LLC lifted its holdings in shares of Expro Group by 17.9% during the fourth quarter. Nebula Research & Development LLC now owns 39,093 shares of the company's stock valued at $487,000 after purchasing an additional 5,927 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Expro Group by 27.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,125,506 shares of the company's stock valued at $138,736,000 after buying an additional 2,426,258 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Expro Group by 11.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,376,250 shares of the company's stock worth $54,573,000 after buying an additional 436,411 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in Expro Group in the 4th quarter worth about $319,000. Hedge funds and other institutional investors own 92.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group dropped their price target on shares of Expro Group from $17.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Barclays cut their target price on shares of Expro Group from $17.00 to $14.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th.

Expro Group Stock Performance

Shares of NYSE:XPRO traded up $0.10 during trading on Friday, hitting $8.43. The company's stock had a trading volume of 1,082,132 shares, compared to its average volume of 1,224,568. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62. The firm has a market cap of $978.12 million, a price-to-earnings ratio of 60.22, a P/E/G ratio of 1.28 and a beta of 0.98. The company has a 50-day moving average of $9.41 and a 200-day moving average of $11.94. Expro Group Holdings has a 12 month low of $6.70 and a 12 month high of $24.50.

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.