Squarepoint Ops LLC Acquires 293,744 Shares of Expro Group Holdings (NYSE:XPRO)

Squarepoint Ops LLC increased its position in Expro Group Holdings (NYSE:XPRO - Free Report) by 254.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 409,242 shares of the company's stock after buying an additional 293,744 shares during the quarter. Squarepoint Ops LLC owned about 0.35% of Expro Group worth $5,103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in Expro Group by 40.1% in the 3rd quarter. Barclays PLC now owns 473,492 shares of the company's stock worth $8,129,000 after buying an additional 135,481 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Expro Group by 19.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,925,259 shares of the company's stock valued at $24,008,000 after purchasing an additional 318,043 shares during the last quarter. Sei Investments Co. grew its stake in Expro Group by 66.6% during the 4th quarter. Sei Investments Co. now owns 50,950 shares of the company's stock valued at $635,000 after purchasing an additional 20,365 shares in the last quarter. Invesco Ltd. increased its holdings in Expro Group by 58.5% during the 4th quarter. Invesco Ltd. now owns 222,519 shares of the company's stock worth $2,775,000 after purchasing an additional 82,142 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Expro Group by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 10,236,260 shares of the company's stock valued at $127,646,000 after purchasing an additional 260,914 shares in the last quarter. Hedge funds and other institutional investors own 92.07% of the company's stock.

Analysts Set New Price Targets

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

Expro Group Stock Performance

NYSE XPRO traded up $0.18 on Wednesday, hitting $8.44. The stock had a trading volume of 1,190,156 shares, compared to its average volume of 1,225,032. The company's 50-day moving average is $8.52 and its two-hundred day moving average is $11.21. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. The stock has a market cap of $973.32 million, a price-to-earnings ratio of 60.25, a P/E/G ratio of 1.28 and a beta of 1.17. Expro Group Holdings has a one year low of $6.70 and a one year high of $24.50.

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.