Bank of America Corp DE Sells 138,582 Shares of Expro Group Holdings N.V. $XPRO

Bank of America Corp DE trimmed its holdings in shares of Expro Group Holdings N.V. (NYSE:XPRO - Free Report) by 20.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 551,529 shares of the company's stock after selling 138,582 shares during the period. Bank of America Corp DE owned about 0.49% of Expro Group worth $9,602,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. AQR Capital Management LLC grew its stake in Expro Group by 47.3% in the first quarter. AQR Capital Management LLC now owns 161,099 shares of the company's stock valued at $1,601,000 after purchasing an additional 51,727 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Expro Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,285 shares of the company's stock worth $559,000 after buying an additional 2,463 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Expro Group by 47.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 903,612 shares of the company's stock valued at $8,982,000 after acquiring an additional 292,198 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Expro Group by 17.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 282,788 shares of the company's stock valued at $2,811,000 after purchasing an additional 42,203 shares during the period. Finally, Jane Street Group LLC lifted its stake in Expro Group by 732.6% in the 1st quarter. Jane Street Group LLC now owns 421,163 shares of the company's stock valued at $4,186,000 after purchasing an additional 370,579 shares during the last quarter. Institutional investors own 92.07% of the company's stock.

Insider Activity

In related news, Director Eileen Goss Whelley sold 6,168 shares of the company's 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 transaction, the director directly owned 47,648 shares in the company, valued at approximately $721,390.72. This represents a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on XPRO shares. Zacks Research raised Expro Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 15th. Freedom Capital upgraded Expro Group from a "strong sell" rating to a "hold" rating in a research note on Monday, May 18th. KeyCorp raised Expro Group to a "neutral" rating in a report on Thursday, June 4th. Barclays dropped their price target on Expro Group from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. Finally, The Goldman Sachs Group set a $19.00 price objective on shares of Expro Group in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $18.00.

Expro Group Price Performance

Expro Group stock opened at $17.91 on Tuesday. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 99.51 and a beta of 0.90. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.06. Expro Group Holdings N.V. has a 12 month low of $11.60 and a 12 month high of $19.23. The stock's 50 day moving average is $15.90 and its 200-day moving average is $16.37.

Expro Group (NYSE:XPRO - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). The firm had revenue of $393.18 million during the quarter, compared to the consensus estimate of $387.36 million. Expro Group had a net margin of 1.33% and a return on equity of 3.27%. The business's revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.30 earnings per share. Equities research analysts expect that Expro Group Holdings N.V. will post 0.53 EPS for the current year.

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.

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