Emerald Advisers LLC Cuts Stock Holdings in Expro Group Holdings N.V. (NYSE:XPRO)

Emerald Advisers LLC lowered its position in shares of Expro Group Holdings N.V. (NYSE:XPRO - Free Report) by 99.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,682 shares of the company's stock after selling 468,499 shares during the quarter. Emerald Advisers LLC's holdings in Expro Group were worth $27,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. boosted its position in Expro Group by 206.3% during the first quarter. Harbor Capital Advisors Inc. now owns 110,472 shares of the company's stock valued at $1,098,000 after purchasing an additional 74,401 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Expro Group by 98.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 117,378 shares of the company's stock valued at $1,167,000 after buying an additional 58,183 shares during the period. Sei Investments Co. raised its stake in Expro Group by 66.6% in the fourth quarter. Sei Investments Co. now owns 50,950 shares of the company's stock valued at $635,000 after buying an additional 20,365 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Expro Group by 19.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,925,259 shares of the company's stock valued at $24,008,000 after buying an additional 318,043 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Expro Group by 58.5% during the fourth quarter. Invesco Ltd. now owns 222,519 shares of the company's stock worth $2,775,000 after purchasing an additional 82,142 shares during the period. Institutional investors own 92.07% of the company's stock.

Wall Street Analysts Forecast Growth

XPRO has been the topic of a number of research analyst reports. Piper Sandler began coverage on Expro Group in a report on Tuesday. They issued a "neutral" rating and a $10.00 target price on the stock. The Goldman Sachs Group cut their price objective on Expro Group from $17.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Barclays lowered their target price on Expro Group from $14.00 to $12.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company initiated coverage on Expro Group in a research report on Tuesday, May 27th. They issued an "overweight" rating and a $12.00 price objective for the company.

Expro Group Price Performance

Shares of Expro Group stock traded down $0.58 during trading on Tuesday, hitting $8.52. The stock had a trading volume of 1,240,275 shares, compared to its average volume of 1,246,027. The firm has a market cap of $982.55 million, a price-to-earnings ratio of 14.68 and a beta of 1.17. Expro Group Holdings N.V. has a 12 month low of $6.70 and a 12 month high of $24.50. The business's 50-day moving average is $8.74 and its 200 day moving average is $10.34. The company has a current ratio of 2.11, a quick ratio of 1.74 and a debt-to-equity ratio of 0.09.

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.