Expro Group Holdings (NYSE:XPRO) Major Shareholder Hill Advisors Lp Oak Sells 2,701,920 Shares

Expro Group Holdings (NYSE:XPRO) major shareholder Hill Advisors Lp Oak sold 2,701,920 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $22.25, for a total transaction of $60,117,720.00. Following the completion of the sale, the insider now directly owns 11,873,971 shares of the company’s stock, valued at approximately $264,195,854.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Expro Group Stock Down 3.6 %

XPRO traded down $0.83 during trading hours on Wednesday, reaching $22.27. 2,171,479 shares of the stock traded hands, compared to its average volume of 921,526. The firm’s fifty day simple moving average is $19.75 and its two-hundred day simple moving average is $17.81. The company has a market cap of $2.46 billion, a price-to-earnings ratio of -124.56 and a beta of 0.93. Expro Group Holdings has a fifty-two week low of $14.33 and a fifty-two week high of $25.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.85 and a quick ratio of 1.50.

Expro Group (NYSE:XPRO) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The firm had revenue of $383.49 million for the quarter, compared to analyst estimates of $369.87 million. Expro Group had a negative net margin of 1.26% and a positive return on equity of 0.76%. As a group, analysts forecast that Expro Group Holdings will post 0.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Piper Sandler increased their price objective on shares of Expro Group from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday. Barclays raised shares of Expro Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $18.00 to $27.00 in a research report on Tuesday, May 14th.

Institutional Investors Weigh In On Expro Group

A number of large investors have recently added to or reduced their stakes in XPRO. Allspring Global Investments Holdings LLC grew its holdings in Expro Group by 612.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,952 shares of the company’s stock worth $45,000 after acquiring an additional 1,678 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Expro Group by 139.5% during the 3rd quarter. Principal Financial Group Inc. now owns 45,243 shares of the company’s stock worth $1,051,000 after acquiring an additional 26,356 shares in the last quarter. Jump Financial LLC acquired a new position in Expro Group during the 3rd quarter worth $425,000. Quantbot Technologies LP grew its holdings in Expro Group by 202.6% during the 3rd quarter. Quantbot Technologies LP now owns 62,344 shares of the company’s stock worth $1,448,000 after acquiring an additional 41,744 shares in the last quarter. Finally, New York Life Investment Management LLC acquired a new position in Expro Group during the 3rd quarter worth $450,000. 92.07% of the stock is owned by institutional investors and hedge funds.

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.