The Manufacturers Life Insurance Company Makes New $543,000 Investment in Expro Group Holdings N.V. $XPRO

The Manufacturers Life Insurance Company bought a new stake in Expro Group Holdings N.V. (NYSE:XPRO) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 36,744 shares of the company’s stock, valued at approximately $543,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of XPRO. US Bancorp DE boosted its stake in shares of Expro Group by 8.6% during the 3rd quarter. US Bancorp DE now owns 10,062 shares of the company’s stock worth $120,000 after acquiring an additional 799 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Expro Group by 0.3% in the 4th quarter. Wells Fargo & Company MN now owns 331,758 shares of the company’s stock worth $4,429,000 after acquiring an additional 945 shares during the period. Focus Partners Wealth increased its stake in Expro Group by 5.9% in the 3rd quarter. Focus Partners Wealth now owns 17,147 shares of the company’s stock valued at $206,000 after purchasing an additional 954 shares in the last quarter. Royal Bank of Canada increased its stake in Expro Group by 43.8% in the 1st quarter. Royal Bank of Canada now owns 4,015 shares of the company’s stock valued at $71,000 after purchasing an additional 1,222 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in Expro Group by 3.1% during the fourth quarter. Jane Street Group LLC now owns 48,691 shares of the company’s stock worth $650,000 after purchasing an additional 1,446 shares during the last quarter. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Expro Group Price Performance

Expro Group stock opened at $17.95 on Monday. The stock has a market capitalization of $2.02 billion, a P/E ratio of 99.72 and a beta of 0.92. Expro Group Holdings N.V. has a 12-month low of $11.60 and a 12-month high of $19.23. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.13 and a quick ratio of 1.76. The firm’s 50-day moving average is $16.59 and its two-hundred day moving average is $16.47.

Expro Group (NYSE:XPRO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The firm had revenue of $393.18 million during the quarter, compared to analyst estimates of $387.36 million. Expro Group had a net margin of 1.33% and a return on equity of 3.27%. The business’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. Equities analysts predict that Expro Group Holdings N.V. will post 0.53 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on XPRO shares. Weiss Ratings upgraded Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. Freedom Capital upgraded Expro Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Barclays cut their price target on Expro Group from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. KeyCorp upgraded shares of Expro Group to a “neutral” rating in a research report on Thursday, June 4th. Finally, Zacks Research raised shares of Expro Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.00.

About Expro Group

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.