Geode Capital Management LLC Has $39.96 Million Stock Position in Expro Group Holdings (NYSE:XPRO)

Geode Capital Management LLC raised its holdings in shares of Expro Group Holdings (NYSE:XPRO) by 9.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,326,582 shares of the company’s stock after buying an additional 199,554 shares during the period. Geode Capital Management LLC’s holdings in Expro Group were worth $39,956,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XPRO. Point72 Hong Kong Ltd bought a new position in Expro Group in the third quarter valued at $171,000. nVerses Capital LLC bought a new position in shares of Expro Group in the 2nd quarter valued at about $183,000. MQS Management LLC acquired a new stake in shares of Expro Group in the third quarter valued at about $205,000. Transatlantique Private Wealth LLC bought a new stake in Expro Group during the second quarter worth about $214,000. Finally, Algert Global LLC acquired a new position in Expro Group during the second quarter valued at approximately $217,000. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Expro Group

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

Expro Group Price Performance

NYSE:XPRO opened at $11.75 on Wednesday. Expro Group Holdings has a 12-month low of $10.71 and a 12-month high of $24.50. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 83.93, a P/E/G ratio of 1.43 and a beta of 1.00. The stock’s 50 day moving average price is $13.45 and its two-hundred day moving average price is $17.91. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on XPRO. The Goldman Sachs Group assumed coverage on Expro Group in a research report on Friday, December 13th. They set a “neutral” rating and a $18.00 price target on the stock. Barclays dropped their price target 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.