Earnest Partners LLC Acquires 140,617 Shares of Expro Group Holdings (NYSE:XPRO)

Earnest Partners LLC increased its holdings in shares of Expro Group Holdings (NYSE:XPRO) by 3.0% during the second quarter, HoldingsChannel.com reports. The fund owned 4,752,815 shares of the company’s stock after buying an additional 140,617 shares during the quarter. Earnest Partners LLC’s holdings in Expro Group were worth $108,935,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of XPRO. GAMMA Investing LLC increased its position in shares of Expro Group by 58.0% during the 1st quarter. GAMMA Investing LLC now owns 1,452 shares of the company’s stock valued at $29,000 after purchasing an additional 533 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in Expro Group by 0.9% during the first quarter. Gamco Investors INC. ET AL now owns 61,765 shares of the company’s stock worth $1,233,000 after buying an additional 550 shares during the last quarter. ProShare Advisors LLC raised its position in Expro Group by 8.5% in the first quarter. ProShare Advisors LLC now owns 16,099 shares of the company’s stock worth $321,000 after acquiring an additional 1,267 shares during the period. Essex Investment Management Co. LLC boosted its stake in Expro Group by 1.9% in the first quarter. Essex Investment Management Co. LLC now owns 88,193 shares of the company’s stock valued at $1,761,000 after acquiring an additional 1,654 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Expro Group by 11.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,090 shares of the company’s stock valued at $575,000 after acquiring an additional 2,649 shares during the period. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on XPRO. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $23.00 price target (up previously from $22.00) on shares of Expro Group in a report on Monday, June 3rd. Barclays upped their price target on Expro Group from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st.

Expro Group Stock Performance

NYSE XPRO opened at $17.05 on Thursday. The firm has a market cap of $2.00 billion, a P/E ratio of -94.72, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The company has a quick ratio of 1.56, a current ratio of 1.90 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $20.08 and its 200-day moving average is $20.50. Expro Group Holdings has a 12-month low of $14.33 and a 12-month high of $25.04.

Expro Group (NYSE:XPRO) last issued its earnings results on Thursday, July 25th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Expro Group had a negative net margin of 0.84% and a positive return on equity of 1.43%. The business had revenue of $469.64 million for the quarter, compared to the consensus estimate of $419.20 million. Sell-side analysts predict that Expro Group Holdings will post 0.77 earnings per share for the current year.

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.