Massachusetts Financial Services Co. MA Sells 45,287 Shares of Expro Group Holdings N.V. (NYSE:XPRO)

Massachusetts Financial Services Co. MA lessened its stake in shares of Expro Group Holdings N.V. (NYSE:XPRO - Free Report) by 2.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,879,972 shares of the company's stock after selling 45,287 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.62% of Expro Group worth $18,687,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. boosted its position 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 in the last quarter. Millennium Management LLC acquired a new stake in shares of Expro Group during the fourth quarter worth $21,711,000. American Century Companies Inc. increased its stake in Expro Group by 32.3% in the fourth quarter. American Century Companies Inc. now owns 4,206,985 shares of the company's stock valued at $52,461,000 after purchasing an additional 1,027,825 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Expro Group by 108.3% during the fourth quarter. Brown Advisory Inc. now owns 1,686,177 shares of the company's stock worth $21,027,000 after purchasing an additional 876,619 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Expro Group by 18.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,754,280 shares of the company's stock valued at $59,283,000 after purchasing an additional 728,836 shares in the last quarter. 92.07% of the stock is currently owned by institutional investors.

Expro Group Trading Down 1.6%

Expro Group stock traded down $0.14 during trading on Friday, reaching $8.42. 568,061 shares of the company were exchanged, compared to its average volume of 1,244,725. The stock's 50 day simple moving average is $8.78 and its two-hundred day simple moving average is $10.26. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.11 and a quick ratio of 1.74. The company has a market capitalization of $971.58 million, a P/E ratio of 14.52 and a beta of 1.17. Expro Group Holdings N.V. has a 52-week low of $6.70 and a 52-week high of $24.50.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on XPRO shares. Barclays cut their target price on Expro Group from $14.00 to $12.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. The Goldman Sachs Group dropped their price target on Expro Group from $17.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Piper Sandler began coverage on Expro Group in a research note on Tuesday. They set a "neutral" rating and a $10.00 price objective for the company. Finally, Wells Fargo & Company started coverage on shares of Expro Group in a report on Tuesday, May 27th. They issued an "overweight" rating and a $12.00 price objective for the company.

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.