Jennison Associates LLC Has $81.82 Million Position in Expro Group Holdings N.V. $XPRO

Jennison Associates LLC grew its stake in Expro Group Holdings N.V. (NYSE:XPRO) by 7.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,699,370 shares of the company’s stock after acquiring an additional 342,449 shares during the period. Jennison Associates LLC’s holdings in Expro Group were worth $81,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Global Retirement Partners LLC acquired a new position in Expro Group in the 4th quarter valued at about $51,000. Quadrant Capital Group LLC boosted its holdings in shares of Expro Group by 2,978.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock worth $53,000 after acquiring an additional 3,813 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Expro Group during the fourth quarter worth approximately $69,000. US Bancorp DE grew its position in shares of Expro Group by 8.6% in the third quarter. US Bancorp DE now owns 10,062 shares of the company’s stock valued at $120,000 after purchasing an additional 799 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in shares of Expro Group during the fourth quarter worth approximately $139,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

Insider Transactions at Expro Group

In other Expro Group news, Director Eileen Goss Whelley sold 6,168 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total value of $93,383.52. Following the transaction, the director directly owned 47,648 shares of the company’s stock, valued at $721,390.72. This trade represents a 11.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.80% of the stock is owned by insiders.

Expro Group Stock Performance

NYSE:XPRO opened at $16.48 on Monday. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 51.49 and a beta of 0.90. The stock has a fifty day moving average price of $15.33 and a 200-day moving average price of $16.05. Expro Group Holdings N.V. has a fifty-two week low of $8.31 and a fifty-two week high of $18.73. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.13.

Wall Street Analysts Forecast Growth

XPRO has been the subject of several research reports. Barclays dropped their price target on Expro Group from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday. Zacks Research upgraded Expro Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. KeyCorp raised Expro Group to a “neutral” rating in a report on Thursday, June 4th. Freedom Capital raised shares of Expro Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Piper Sandler raised their price target on shares of Expro Group from $13.00 to $16.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.33.

About Expro Group

Expro Group plc is a global energy services company that specializes in well flow management and well testing solutions for the oil and gas industry. The company’s core offerings include wellhead and pressure control systems, downhole well construction tools, subsea intervention services, and integrated tubular running services. These capabilities enable exploration and production companies to optimize well performance, enhance safety and mitigate operational risk throughout the drilling, completion and intervention phases of the well life cycle.

Founded in 1973, Expro has grown both organically and through targeted acquisitions to establish a presence in more than 30 countries.