Wellington Management Group LLP Buys 22,166 Shares of Expro Group Holdings N.V. $XPRO

Key Points

• Wellington Management Group LLP increased its holdings in Expro Group Holdings N.V. by 24.5%, acquiring an additional 22,166 shares and totaling 112,602 shares.
• Several hedge funds have significantly increased their stakes in Expro Group, with 92.07% of the stock now owned by institutional investors.
• Expro Group recently reported a $0.16 EPS for the quarter, surpassing analyst expectations and projecting growth with a consensus target price of $12.50.

Wellington Management Group LLP lifted its stake in shares of Expro Group Holdings N.V. (NYSE:XPRO - Free Report) by 24.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,602 shares of the company's stock after buying an additional 22,166 shares during the quarter. Wellington Management Group LLP owned approximately 0.10% of Expro Group worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XPRO. Nuveen LLC bought a new stake in shares of Expro Group in the 1st quarter valued at approximately $8,231,000. Harbor Capital Advisors Inc. raised its stake in Expro Group by 206.3% during the 1st quarter. Harbor Capital Advisors Inc. now owns 110,472 shares of the company's stock valued at $1,098,000 after acquiring an additional 74,401 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Expro Group by 60.4% in the first quarter. Envestnet Asset Management Inc. now owns 423,390 shares of the company's stock worth $4,208,000 after purchasing an additional 159,411 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Expro Group by 0.8% in the 1st quarter. Victory Capital Management Inc. now owns 507,804 shares of the company's stock worth $5,048,000 after acquiring an additional 3,862 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its position in Expro Group by 98.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 117,378 shares of the company's stock worth $1,167,000 after purchasing an additional 58,183 shares during the period. 92.07% of the stock is owned by institutional investors.

Expro Group Price Performance

XPRO traded down $0.34 during midday trading on Wednesday, reaching $11.99. 1,045,538 shares of the company's stock were exchanged, compared to its average volume of 1,239,433. The business has a 50-day simple moving average of $10.12 and a two-hundred day simple moving average of $9.64. The company has a quick ratio of 1.78, a current ratio of 2.14 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 19.65 and a beta of 1.24. Expro Group Holdings N.V. has a one year low of $6.70 and a one year high of $18.79.

Expro Group (NYSE:XPRO - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The firm had revenue of $422.74 million during the quarter, compared to analyst estimates of $408.04 million. Expro Group had a return on equity of 6.43% and a net margin of 4.26%. Expro Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts predict that Expro Group Holdings N.V. will post 0.68 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on XPRO shares. Piper Sandler upped their price target on shares of Expro Group from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. Wells Fargo & Company started coverage on Expro Group in a report on Tuesday, May 27th. They set an "overweight" rating and a $12.00 price target on the stock. Barclays increased their target price on shares of Expro Group from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Pickering Energy Partners began coverage on Expro Group in a research note on Monday, July 28th. They set an "outperform" rating for the company. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $12.50.

Expro Group Company 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.