Jennison Associates LLC Has $8.30 Million Stock Position in Expro Group Holdings N.V. (NYSE:XPRO)

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

Other hedge funds have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. grew its position in Expro Group by 27.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,125,506 shares of the company's stock valued at $138,736,000 after purchasing an additional 2,426,258 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Expro Group during the 4th quarter valued at $21,711,000. American Century Companies Inc. grew 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 in the last quarter. Brown Advisory Inc. increased its stake in shares of Expro Group by 108.3% in the fourth quarter. Brown Advisory Inc. now owns 1,686,177 shares of the company's stock worth $21,027,000 after acquiring an additional 876,619 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Expro Group by 18.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,754,280 shares of the company's stock worth $59,283,000 after acquiring an additional 728,836 shares in the last quarter. 92.07% of the stock is owned by hedge funds and other institutional investors.

Expro Group Stock Down 1.3%

Shares of NYSE:XPRO traded down $0.12 on Thursday, reaching $8.88. The company had a trading volume of 1,020,912 shares, compared to its average volume of 998,482. The stock has a market capitalization of $1.03 billion, a P/E ratio of 15.32 and a beta of 1.17. The stock has a 50-day moving average price of $8.79 and a 200 day moving average price of $10.15. Expro Group Holdings N.V. has a twelve month low of $6.70 and a twelve month high of $24.50. The company has a quick ratio of 1.74, a current ratio of 2.11 and a debt-to-equity ratio of 0.09.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XPRO. Piper Sandler began coverage on Expro Group in a research note on Tuesday, July 15th. They issued a "neutral" rating and a $10.00 target price on the stock. Wells Fargo & Company began coverage on Expro Group in a research note on Tuesday, May 27th. They issued an "overweight" rating and a $12.00 price target for the company. Barclays dropped 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. Finally, The Goldman Sachs Group reduced their target price on shares of Expro Group from $17.00 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th.

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.