Y Intercept Hong Kong Ltd Takes $858,000 Position in Expro Group Holdings N.V. (NYSE:XPRO)

Key Points

• Y Intercept Hong Kong Ltd has acquired $858,000 worth of shares in Expro Group Holdings N.V., representing approximately 0.07% ownership of the company.
• Institutional investors, including Sterling Capital Management LLC and GAMMA Investing LLC, have significantly increased their stakes in Expro Group, with some firms showcasing boosts up to 3,351.6%.
• Expro Group's stock has a current trading price of $8.61, with analysts adjusting price targets down to as low as $10.00, indicating a cautious outlook from firms such as Goldman Sachs and Barclays.

Y Intercept Hong Kong Ltd acquired a new position in Expro Group Holdings N.V. (NYSE:XPRO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 86,330 shares of the company's stock, valued at approximately $858,000. Y Intercept Hong Kong Ltd owned about 0.07% of Expro Group at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC boosted its holdings in shares of Expro Group by 824.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,033 shares of the company's stock worth $38,000 after buying an additional 2,705 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of Expro Group in the first quarter worth approximately $87,000. Brighton Jones LLC purchased a new position in shares of Expro Group in the first quarter worth approximately $103,000. Tower Research Capital LLC TRC boosted its holdings in shares of Expro Group by 1,413.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,126 shares of the company's stock worth $139,000 after buying an additional 10,391 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Expro Group by 3,351.6% in the first quarter. GAMMA Investing LLC now owns 11,839 shares of the company's stock worth $1,191,000 after buying an additional 11,496 shares during the last quarter. Hedge funds and other institutional investors own 92.07% of the company's stock.

Analyst Upgrades and Downgrades

XPRO has been the topic of a number of research reports. The Goldman Sachs Group dropped their price objective on shares of Expro Group from $17.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Barclays decreased their target price on shares of Expro Group from $14.00 to $12.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Piper Sandler started coverage on shares of Expro Group in a research note on Tuesday, July 15th. They set a "neutral" rating and a $10.00 target price on the stock. Finally, Wells Fargo & Company started coverage on shares of Expro Group in a research note on Tuesday, May 27th. They set an "overweight" rating and a $12.00 target price on the stock.

Expro Group Price Performance

NYSE XPRO opened at $8.61 on Friday. Expro Group Holdings N.V. has a 12 month low of $6.70 and a 12 month high of $23.96. The stock has a market cap of $992.93 million, a price-to-earnings ratio of 14.84 and a beta of 1.17. The company's 50 day moving average is $8.79 and its two-hundred day moving average is $10.11. The company has a current ratio of 2.11, a quick ratio of 1.74 and a debt-to-equity ratio of 0.09.

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.

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