Massachusetts Financial Services Co. MA Sells 402,896 Shares of Expro Group Holdings (NYSE:XPRO)

Massachusetts Financial Services Co. MA lowered its position in shares of Expro Group Holdings (NYSE:XPRO - Free Report) by 19.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,667,181 shares of the company's stock after selling 402,896 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.51% of Expro Group worth $26,542,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. New York State Common Retirement Fund raised its holdings in Expro Group by 2.9% during the 4th quarter. New York State Common Retirement Fund now owns 40,532 shares of the company's stock worth $645,000 after purchasing an additional 1,145 shares during the last quarter. Swiss National Bank lifted its holdings in Expro Group by 0.6% in the third quarter. Swiss National Bank now owns 202,900 shares of the company's stock valued at $4,713,000 after buying an additional 1,200 shares during the period. Rhumbline Advisers boosted its stake in Expro Group by 0.9% in the third quarter. Rhumbline Advisers now owns 144,303 shares of the company's stock valued at $3,352,000 after acquiring an additional 1,307 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Expro Group by 612.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,952 shares of the company's stock worth $45,000 after acquiring an additional 1,678 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Expro Group by 0.6% during the 4th quarter. Victory Capital Management Inc. now owns 494,831 shares of the company's stock valued at $7,878,000 after acquiring an additional 3,116 shares during the last quarter. Institutional investors and hedge funds own 92.07% of the company's stock.

Expro Group Trading Up 0.7 %

NYSE XPRO traded up $0.16 during trading on Friday, reaching $21.78. 891,623 shares of the stock traded hands, compared to its average volume of 820,253. Expro Group Holdings has a fifty-two week low of $14.33 and a fifty-two week high of $25.04. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of -121.00 and a beta of 0.93. The stock's 50-day moving average price is $19.56 and its 200 day moving average price is $17.69.

Expro Group (NYSE:XPRO - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.03). The firm had revenue of $383.49 million during the quarter, compared to the consensus estimate of $369.87 million. Expro Group had a negative net margin of 1.26% and a positive return on equity of 0.76%. Analysts predict that Expro Group Holdings will post 0.81 EPS for the current year.

Insider Buying and Selling

In other Expro Group news, CFO Quinn P. Fanning sold 17,500 shares of Expro Group stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $21.06, for a total value of $368,550.00. Following the sale, the chief financial officer now owns 92,889 shares of the company's stock, valued at approximately $1,956,242.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Barclays upgraded Expro Group from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $18.00 to $27.00 in a research report on Tuesday.

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.