R Squared Ltd Makes New $27,000 Investment in Expro Group Holdings (NYSE:XPRO)

R Squared Ltd acquired a new position in shares of Expro Group Holdings (NYSE:XPRO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,170 shares of the company’s stock, valued at approximately $27,000.

Other institutional investors have also recently bought and sold shares of the company. KBC Group NV raised its holdings in Expro Group by 75.3% during the fourth quarter. KBC Group NV now owns 5,968 shares of the company’s stock worth $74,000 after buying an additional 2,563 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Expro Group in the second quarter valued at about $217,000. Point72 Hong Kong Ltd purchased a new stake in shares of Expro Group in the third quarter valued at about $171,000. MQS Management LLC purchased a new stake in shares of Expro Group in the third quarter valued at about $205,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Expro Group in the third quarter valued at about $235,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Stock Performance

NYSE XPRO opened at $13.13 on Wednesday. Expro Group Holdings has a 52-week low of $10.71 and a 52-week high of $24.50. The company has a 50-day simple moving average of $12.93 and a 200 day simple moving average of $15.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98. The company has a market capitalization of $1.54 billion, a PE ratio of 93.81, a price-to-earnings-growth ratio of 1.18 and a beta of 0.99.

Insiders Place Their Bets

In other news, CEO Michael Jardon acquired 45,200 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was bought at an average cost of $10.91 per share, for a total transaction of $493,132.00. Following the completion of the transaction, the chief executive officer now owns 336,674 shares of the company’s stock, valued at $3,673,113.34. The trade was a 15.51 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Wayne Drummond, Jr. acquired 18,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was purchased at an average price of $11.39 per share, with a total value of $205,020.00. Following the completion of the transaction, the director now directly 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 disclosure for this purchase can be found here. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

XPRO has been the subject of several analyst reports. The Goldman Sachs Group initiated coverage on shares of Expro Group in a report on Friday, December 13th. They issued a “neutral” rating and a $18.00 target price for the company. Barclays lowered their target price on shares of Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a 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.