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

Wellington Management Group LLP cut its position in shares of Expro Group Holdings (NYSE:XPRO - Free Report) by 79.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,436 shares of the company's stock after selling 359,090 shares during the period. Wellington Management Group LLP owned 0.08% of Expro Group worth $1,128,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. increased its holdings in shares of Expro Group by 27.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,125,506 shares of the company's stock valued at $138,736,000 after acquiring an additional 2,426,258 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Expro Group during the 4th quarter valued at about $21,711,000. American Century Companies Inc. increased its holdings in shares of Expro Group by 32.3% during the 4th quarter. American Century Companies Inc. now owns 4,206,985 shares of the company's stock valued at $52,461,000 after acquiring an additional 1,027,825 shares during the last quarter. Brown Advisory Inc. increased its holdings in shares of Expro Group by 108.3% during the 4th quarter. Brown Advisory Inc. now owns 1,686,177 shares of the company's stock valued at $21,027,000 after acquiring an additional 876,619 shares during the last quarter. Finally, William Blair Investment Management LLC increased its holdings in shares of Expro Group by 37.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,809,682 shares of the company's stock valued at $35,037,000 after acquiring an additional 758,449 shares during the last quarter. 92.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Barclays lowered their price objective on Expro Group from $14.00 to $12.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Wells Fargo & Company began coverage on Expro Group in a report on Tuesday, May 27th. They issued an "overweight" rating and a $12.00 target price on the stock. Finally, 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 report on Thursday, April 10th.

Expro Group Stock Performance

XPRO traded up $0.28 during midday trading on Friday, reaching $8.80. The company's stock had a trading volume of 791,367 shares, compared to its average volume of 1,237,088. The stock has a market cap of $1.02 billion, a P/E ratio of 62.88, a PEG ratio of 1.28 and a beta of 1.18. The company has a fifty day simple moving average of $8.23 and a 200 day simple moving average of $10.97. The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Expro Group Holdings has a twelve month low of $6.70 and a twelve month high of $24.50.

Expro Group 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.