Expro Group Holdings N.V. $XPRO Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC decreased its position in Expro Group Holdings N.V. (NYSE:XPRO) by 9.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,135,539 shares of the company’s stock after selling 219,553 shares during the quarter. William Blair Investment Management LLC owned 1.88% of Expro Group worth $28,509,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XPRO. Jennison Associates LLC acquired a new position in Expro Group during the 4th quarter worth $58,165,000. Balyasny Asset Management L.P. raised its stake in shares of Expro Group by 113.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 939,398 shares of the company’s stock worth $8,069,000 after buying an additional 499,826 shares in the last quarter. Oberweis Asset Management Inc. bought a new stake in shares of Expro Group in the 3rd quarter worth $5,174,000. Qube Research & Technologies Ltd raised its position in shares of Expro Group by 35.3% during the second quarter. Qube Research & Technologies Ltd now owns 1,553,748 shares of the company’s stock worth $13,347,000 after purchasing an additional 405,168 shares during the period. Finally, Jane Street Group LLC raised its position in shares of Expro Group by 732.6% during the first quarter. Jane Street Group LLC now owns 421,163 shares of the company’s stock worth $4,186,000 after purchasing an additional 370,579 shares during the period. Institutional investors and hedge funds own 92.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on XPRO. Piper Sandler upped their price target on Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a research report on Wednesday, April 15th. Freedom Capital upgraded Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Barclays upped their price target on Expro Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Weiss Ratings cut Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.50.

Expro Group Stock Up 0.1%

Shares of XPRO opened at $15.95 on Monday. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 49.83 and a beta of 0.97. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.13. The business’s fifty day moving average price is $16.77 and its two-hundred day moving average price is $15.66. Expro Group Holdings N.V. has a 52 week low of $7.59 and a 52 week high of $18.73.

Expro Group (NYSE:XPRO) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. The company had revenue of $382.13 million for the quarter, compared to the consensus estimate of $413.47 million. Expro Group had a return on equity of 3.91% and a net margin of 2.32%.The firm’s quarterly revenue was down 12.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.19 EPS. On average, analysts predict that Expro Group Holdings N.V. will post 0.3 earnings per share for the current year.

Expro Group Profile

Expro Group plc is a global energy services company that specializes in well flow management and well testing solutions for the oil and gas industry. The company’s core offerings include wellhead and pressure control systems, downhole well construction tools, subsea intervention services, and integrated tubular running services. These capabilities enable exploration and production companies to optimize well performance, enhance safety and mitigate operational risk throughout the drilling, completion and intervention phases of the well life cycle.

Founded in 1973, Expro has grown both organically and through targeted acquisitions to establish a presence in more than 30 countries.