Jennison Associates LLC Has $5.71 Million Stock Holdings in Expro Group Holdings (NYSE:XPRO)

Jennison Associates LLC decreased its position in shares of Expro Group Holdings (NYSE:XPRO - Free Report) by 31.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 358,665 shares of the company's stock after selling 165,708 shares during the period. Jennison Associates LLC owned 0.32% of Expro Group worth $5,710,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in XPRO. Vanguard Group Inc. grew its position in Expro Group by 15.6% during the 3rd quarter. Vanguard Group Inc. now owns 2,216,555 shares of the company's stock worth $51,491,000 after purchasing an additional 298,655 shares in the last quarter. Sourcerock Group LLC grew its holdings in shares of Expro Group by 20.9% during the 3rd quarter. Sourcerock Group LLC now owns 2,034,368 shares of the company's stock valued at $47,258,000 after acquiring an additional 351,079 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Expro Group by 27.1% during the 3rd 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 in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Expro Group by 16.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,419,697 shares of the company's stock valued at $32,980,000 after acquiring an additional 203,328 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its holdings in shares of Expro Group by 100.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,272,501 shares of the company's stock valued at $29,561,000 after acquiring an additional 638,703 shares in the last quarter. Institutional investors and hedge funds own 92.07% of the company's stock.

Analyst Ratings Changes

Separately, Barclays lifted 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 Stock Up 1.0 %

Shares of XPRO stock traded up $0.20 on Friday, hitting $20.15. The company's stock had a trading volume of 836,929 shares, compared to its average volume of 794,735. 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 fifty-two week low of $14.33 and a fifty-two week high of $25.04. The firm's fifty day moving average price is $19.11 and its 200-day moving average price is $17.65. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of -111.94 and a beta of 0.91.

Expro Group (NYSE:XPRO - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.07). The firm had revenue of $406.75 million for the quarter, compared to analyst estimates of $382.91 million. Expro Group had a positive return on equity of 0.76% and a negative net margin of 1.26%. The firm's revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 EPS. Research analysts anticipate that Expro Group Holdings will post 0.75 EPS for the current year.

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.