Wellington Management Group LLP Sells 61,781 Shares of Expro Group Holdings (NYSE:XPRO)

Wellington Management Group LLP trimmed its stake in Expro Group Holdings (NYSE:XPRO) by 12.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 449,526 shares of the company’s stock after selling 61,781 shares during the period. Wellington Management Group LLP owned about 0.38% of Expro Group worth $7,718,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in shares of Expro Group by 6.1% in the 2nd quarter. American Century Companies Inc. now owns 5,594,611 shares of the company’s stock worth $128,229,000 after acquiring an additional 320,112 shares in the last quarter. Earnest Partners LLC boosted its stake in Expro Group by 3.0% in the second quarter. Earnest Partners LLC now owns 4,752,815 shares of the company’s stock worth $108,935,000 after purchasing an additional 140,617 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Expro Group by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,334,758 shares of the company’s stock worth $76,435,000 after purchasing an additional 219,432 shares during the last quarter. State Street Corp increased its stake in shares of Expro Group by 7.6% in the third quarter. State Street Corp now owns 2,692,260 shares of the company’s stock valued at $46,226,000 after buying an additional 189,085 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Expro Group by 4.2% in the third quarter. Jennison Associates LLC now owns 2,286,181 shares of the company’s stock valued at $39,254,000 after buying an additional 91,961 shares during the last quarter. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Expro Group Stock Performance

Shares of NYSE:XPRO opened at $11.06 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Expro Group Holdings has a 1-year low of $10.96 and a 1-year high of $24.50. The stock has a market capitalization of $1.30 billion, a P/E ratio of 79.00, a P/E/G ratio of 1.43 and a beta of 1.00. The business has a 50-day moving average price of $14.02 and a two-hundred day moving average price of $18.23.

Expro Group (NYSE:XPRO) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. Expro Group had a net margin of 0.98% and a return on equity of 3.70%. The business had revenue of $422.83 million during the quarter, compared to the consensus estimate of $436.62 million. During the same period in the previous year, the firm posted ($0.11) earnings per share. Expro Group’s revenue for the quarter was up 14.3% compared to the same quarter last year. Equities analysts predict that Expro Group Holdings will post 0.7 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on XPRO shares. Barclays lowered their price objective on shares of Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. The Goldman Sachs Group initiated coverage on shares of Expro Group in a research report on Friday. They issued a “neutral” rating and a $18.00 price objective for the company.

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.