Jennison Associates LLC Sells 1,447,209 Shares of Expro Group Holdings N.V. (NYSE:XPRO)

Jennison Associates LLC trimmed its holdings in Expro Group Holdings N.V. (NYSE:XPRO - Free Report) by 63.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 835,309 shares of the company's stock after selling 1,447,209 shares during the quarter. Jennison Associates LLC owned approximately 0.72% of Expro Group worth $8,303,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sterling Capital Management LLC boosted its position in shares of Expro Group by 824.7% during the 4th quarter. Sterling Capital Management LLC now owns 3,033 shares of the company's stock valued at $38,000 after acquiring an additional 2,705 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of Expro Group during the 1st quarter valued at approximately $87,000. Brighton Jones LLC bought a new position in shares of Expro Group during the 1st quarter valued at approximately $103,000. Tower Research Capital LLC TRC boosted its position in shares of Expro Group by 1,413.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,126 shares of the company's stock valued at $139,000 after acquiring an additional 10,391 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Expro Group by 3,351.6% during the 1st quarter. GAMMA Investing LLC now owns 11,839 shares of the company's stock valued at $1,191,000 after acquiring an additional 11,496 shares during the last quarter. 92.07% of the stock is currently owned by institutional investors.

Expro Group Stock Performance

XPRO stock opened at $8.42 on Monday. The company has a quick ratio of 1.74, a current ratio of 2.11 and a debt-to-equity ratio of 0.09. The business's fifty day simple moving average is $8.78 and its two-hundred day simple moving average is $10.23. Expro Group Holdings N.V. has a twelve month low of $6.70 and a twelve month high of $24.50. The firm has a market cap of $971.58 million, a price-to-earnings ratio of 14.52 and a beta of 1.17.

Analysts Set New Price Targets

XPRO has been the subject of a number of research reports. Wells Fargo & Company initiated coverage on Expro Group in a research report on Tuesday, May 27th. They set an "overweight" rating and a $12.00 target price for the company. Piper Sandler assumed coverage on Expro Group in a research report on Tuesday, July 15th. They issued a "neutral" rating and a $10.00 price target for the company. The Goldman Sachs Group lowered their price target on Expro Group from $17.00 to $12.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Finally, Barclays lowered their price target 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.

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.

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