William Blair Investment Management LLC Cuts Stock Holdings in Expro Group Holdings N.V. $XPRO

Key Points

• William Blair Investment Management LLC has reduced its stake in Expro Group Holdings N.V. by 7.5%, holding 2,497,241 shares after selling 203,448 shares during the second quarter.
• Expro Group's stock price decreased by 1.7% and is currently trading at $12.44, with a market capitalization of $1.44 billion.
• Equities analysts have generally rated Expro Group as a "Moderate Buy," with Barclays increasing the target price from $12.00 to $15.00.

William Blair Investment Management LLC decreased its position in shares of Expro Group Holdings N.V. (NYSE:XPRO - Free Report) by 7.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,497,241 shares of the company's stock after selling 203,448 shares during the quarter. William Blair Investment Management LLC owned 2.16% of Expro Group worth $21,451,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pallas Capital Advisors LLC purchased a new stake in Expro Group in the second quarter worth approximately $90,000. Strs Ohio purchased a new stake in Expro Group in the first quarter worth approximately $104,000. Versor Investments LP purchased a new stake in Expro Group in the first quarter worth approximately $111,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Expro Group in the second quarter worth approximately $105,000. Finally, HighTower Advisors LLC purchased a new stake in Expro Group in the first quarter worth approximately $125,000. Hedge funds and other institutional investors own 92.07% of the company's stock.

Expro Group Stock Down 1.7%

XPRO opened at $12.44 on Monday. The company has a current ratio of 2.14, a quick ratio of 1.78 and a debt-to-equity ratio of 0.09. Expro Group Holdings N.V. has a 1-year low of $6.70 and a 1-year high of $17.04. The company has a market capitalization of $1.44 billion, a PE ratio of 20.39 and a beta of 1.11. The firm's 50 day simple moving average is $12.10 and its two-hundred day simple moving average is $9.92.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on XPRO shares. Barclays raised their target price on shares of Expro Group from $12.00 to $15.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Piper Sandler raised their target price on shares of Expro Group from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Pickering Energy Partners assumed coverage on shares of Expro Group in a research report on Monday, July 28th. They issued an "outperform" rating on the stock. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Expro Group in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.

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