American Century Companies Inc. Grows Stake in Expro Group Holdings N.V. $XPRO

Key Points

• American Century Companies Inc. increased its stake in Expro Group Holdings N.V. by 20.4%, acquiring an additional 859,000 shares to total 5,065,985 shares valued at approximately $50.36 million.
• Expro Group's revenue reached $422.74 million for the last quarter, exceeding analyst estimates of $408.04 million, and the company reported an EPS of $0.16, surpassing expectations of $0.12.
• The stock has received several positive ratings from analysts, including a price target increase by Barclays from $12.00 to $15.00, contributing to a consensus rating of "Moderate Buy."

American Century Companies Inc. boosted its position in Expro Group Holdings N.V. (NYSE:XPRO - Free Report) by 20.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,065,985 shares of the company's stock after purchasing an additional 859,000 shares during the period. American Century Companies Inc. owned approximately 4.39% of Expro Group worth $50,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. increased 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 worth $138,736,000 after acquiring an additional 2,426,258 shares during the period. Millennium Management LLC purchased a new position in shares of Expro Group during the fourth quarter worth approximately $21,711,000. Brown Advisory Inc. increased its position in shares of Expro Group by 108.3% during the fourth quarter. Brown Advisory Inc. now owns 1,686,177 shares of the company's stock worth $21,027,000 after acquiring an additional 876,619 shares during the period. Nuveen LLC purchased a new position in shares of Expro Group during the first quarter worth approximately $8,231,000. Finally, Boston Partners increased its position in shares of Expro Group by 2,662.7% during the first quarter. Boston Partners now owns 772,428 shares of the company's stock worth $7,674,000 after acquiring an additional 744,469 shares during the period. Institutional investors own 92.07% of the company's stock.

Expro Group Stock Up 7.0%

XPRO stock traded up $0.8050 during trading on Friday, hitting $12.3550. 1,518,674 shares of the company's stock traded hands, compared to its average volume of 1,615,729. The firm has a market capitalization of $1.43 billion, a P/E ratio of 20.25 and a beta of 1.20. The business has a fifty day simple moving average of $9.67 and a two-hundred day simple moving average of $9.70. The company has a quick ratio of 1.78, a current ratio of 2.14 and a debt-to-equity ratio of 0.09. Expro Group Holdings N.V. has a 1 year low of $6.70 and a 1 year high of $21.00.

Expro Group (NYSE:XPRO - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. Expro Group had a net margin of 4.26% and a return on equity of 6.43%. The business had revenue of $422.74 million for the quarter, compared to analyst estimates of $408.04 million. Expro Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts anticipate that Expro Group Holdings N.V. will post 0.68 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on XPRO. Wells Fargo & Company began coverage on shares of Expro Group in a research report on Tuesday, May 27th. They set an "overweight" rating and a $12.00 target price on the stock. Barclays raised their target price on shares of Expro Group from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Pickering Energy Partners began coverage on shares of Expro Group in a research report on Monday, July 28th. They set an "outperform" rating on the stock. Finally, Piper Sandler raised their target price on shares of Expro Group from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Expro Group has an average rating of "Moderate Buy" and an average target price of $12.50.

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.