KBC Group NV Purchases 2,563 Shares of Expro Group Holdings (NYSE:XPRO)

KBC Group NV grew its position in Expro Group Holdings (NYSE:XPRO) by 75.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,968 shares of the company’s stock after acquiring an additional 2,563 shares during the period. KBC Group NV’s holdings in Expro Group were worth $74,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. State Street Corp grew its holdings in Expro Group by 7.6% during the 3rd quarter. State Street Corp now owns 2,692,260 shares of the company’s stock worth $46,226,000 after acquiring an additional 189,085 shares during the period. Geode Capital Management LLC lifted its position in Expro Group by 9.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,326,582 shares of the company’s stock worth $39,956,000 after buying an additional 199,554 shares in the last quarter. Jennison Associates LLC lifted its position in Expro Group by 4.2% during the 3rd quarter. Jennison Associates LLC now owns 2,286,181 shares of the company’s stock worth $39,254,000 after buying an additional 91,961 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Expro Group in the 3rd quarter valued at about $26,481,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Expro Group by 20.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,052,729 shares of the company’s stock valued at $18,075,000 after purchasing an additional 176,132 shares during the period. Institutional investors own 92.07% of the company’s stock.

Expro Group Price Performance

Shares of NYSE:XPRO opened at $13.11 on Monday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 93.65, a PEG ratio of 1.20 and a beta of 0.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62. The firm has a 50 day simple moving average of $12.85 and a 200 day simple moving average of $15.73. Expro Group Holdings has a one year low of $10.71 and a one year high of $24.50.

Insider Activity at Expro Group

In related news, Director Robert Wayne Drummond, Jr. purchased 18,000 shares of Expro Group stock in a transaction on Monday, December 16th. The stock was acquired at an average cost of $11.39 per share, for a total transaction of $205,020.00. Following the completion of the acquisition, the director now owns 69,181 shares of the company’s stock, valued at $787,971.59. This trade represents a 35.17 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Jardon acquired 45,200 shares of Expro Group stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average price of $10.91 per share, with a total value of $493,132.00. Following the completion of the acquisition, the chief executive officer now directly owns 336,674 shares of the company’s stock, valued at approximately $3,673,113.34. The trade was a 15.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on XPRO shares. The Goldman Sachs Group started coverage on shares of Expro Group in a research note on Friday, December 13th. They issued a “neutral” rating and a $18.00 price target on the stock. Barclays decreased their target price on shares of Expro Group from $28.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th.

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.