Wellington Management Group LLP Sells 359,090 Shares of Expro Group Holdings (NYSE:XPRO)

Wellington Management Group LLP lowered its stake in shares of Expro Group Holdings (NYSE:XPRO - Free Report) by 79.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,436 shares of the company's stock after selling 359,090 shares during the quarter. Wellington Management Group LLP owned about 0.08% of Expro Group worth $1,128,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. US Bancorp DE boosted its position in Expro Group by 56.0% during the 4th quarter. US Bancorp DE now owns 4,171 shares of the company's stock worth $52,000 after purchasing an additional 1,497 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Expro Group by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,822 shares of the company's stock valued at $671,000 after buying an additional 1,989 shares in the last quarter. Rhumbline Advisers lifted its stake in Expro Group by 1.6% during the fourth quarter. Rhumbline Advisers now owns 153,159 shares of the company's stock worth $1,910,000 after purchasing an additional 2,477 shares during the last quarter. KBC Group NV lifted its position in shares of Expro Group by 75.3% in the 4th quarter. KBC Group NV now owns 5,968 shares of the company's stock worth $74,000 after buying an additional 2,563 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in Expro Group by 824.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,033 shares of the company's stock valued at $38,000 after buying an additional 2,705 shares during the last quarter. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

Expro Group Stock Up 6.7%

Expro Group stock traded up $0.59 during mid-day trading on Tuesday, hitting $9.49. 1,079,495 shares of the company's stock were exchanged, compared to its average volume of 1,239,844. The stock has a 50 day moving average of $8.22 and a two-hundred day moving average of $10.89. Expro Group Holdings has a 1-year low of $6.70 and a 1-year high of $24.50. The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.10 billion, a P/E ratio of 67.82, a P/E/G ratio of 1.28 and a beta of 1.18.

Analyst Ratings Changes

Several research firms recently commented on XPRO. The Goldman Sachs Group lowered their target price on Expro Group from $17.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Barclays reduced their target price on Expro Group from $14.00 to $12.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Finally, Wells Fargo & Company began coverage on Expro Group in a research report on Tuesday, May 27th. They issued an "overweight" rating and a $12.00 target price for the company.

Expro Group Company Profile

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.