Vanguard Group Inc. Buys 298,655 Shares of Expro Group Holdings (NYSE:XPRO)

Vanguard Group Inc. increased its stake in shares of Expro Group Holdings (NYSE:XPRO - Free Report) by 15.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,216,555 shares of the company's stock after purchasing an additional 298,655 shares during the quarter. Vanguard Group Inc. owned about 2.00% of Expro Group worth $51,491,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Wellington Management Group LLP grew its stake in shares of Expro Group by 64.4% during the third quarter. Wellington Management Group LLP now owns 1,025,006 shares of the company's stock valued at $23,811,000 after purchasing an additional 401,449 shares during the last quarter. American Century Companies Inc. boosted its stake in Expro Group by 27.1% in the third quarter. American Century Companies Inc. now owns 1,861,245 shares of the company's stock valued at $43,237,000 after acquiring an additional 396,887 shares during the last quarter. Deutsche Bank AG boosted its stake in Expro Group by 13.5% in the third quarter. Deutsche Bank AG now owns 45,412 shares of the company's stock valued at $1,055,000 after acquiring an additional 5,399 shares during the last quarter. Walleye Trading LLC bought a new position in Expro Group in the third quarter valued at approximately $552,000. Finally, Walleye Capital LLC bought a new position in Expro Group in the third quarter valued at approximately $3,117,000. 92.07% of the stock is owned by institutional investors.

Expro Group Stock Performance

XPRO stock traded up $0.21 during midday trading on Tuesday, reaching $19.79. The company's stock had a trading volume of 641,683 shares, compared to its average volume of 910,900. The business's 50-day simple moving average is $18.65 and its 200-day simple moving average is $17.93. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.74 and a quick ratio of 1.45. Expro Group Holdings has a 52 week low of $14.33 and a 52 week high of $25.04.

Expro Group (NYSE:XPRO - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The firm had revenue of $406.75 million during the quarter, compared to analyst estimates of $382.91 million. Expro Group had a negative return on equity of 0.09% and a negative net margin of 1.54%. The company's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.12 earnings per share. Analysts predict that Expro Group Holdings will post 0.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barclays raised their price objective on shares of Expro Group from $17.00 to $18.00 and gave the company an "equal weight" rating in a research note on Thursday, February 29th.

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.