Wedge Capital Management L L P NC Takes Position in Expro Group Holdings N.V. $XPRO

Wedge Capital Management L L P NC acquired a new stake in Expro Group Holdings N.V. (NYSE:XPRO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 96,046 shares of the company’s stock, valued at approximately $1,419,000.

A number of other hedge funds also recently bought and sold shares of XPRO. Jennison Associates LLC purchased a new position in Expro Group in the fourth quarter worth approximately $58,165,000. Dimensional Fund Advisors LP increased its position in shares of Expro Group by 9.9% during the first quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company’s stock worth $103,023,000 after purchasing an additional 533,741 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Expro Group during the fourth quarter worth approximately $690,000. Dockside LLC acquired a new stake in Expro Group during the 4th quarter worth $1,640,000. Finally, SG Americas Securities LLC purchased a new position in shares of Expro Group during the first quarter worth about $642,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Freedom Capital raised shares of Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. KeyCorp upgraded shares of Expro Group to a “neutral” rating in a report on Thursday, June 4th. Weiss Ratings raised shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. Zacks Research upgraded Expro Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Finally, The Goldman Sachs Group set a $19.00 price objective on Expro Group in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.00.

Expro Group Trading Up 0.4%

Shares of XPRO opened at $18.73 on Friday. Expro Group Holdings N.V. has a twelve month low of $10.50 and a twelve month high of $19.05. The firm has a market capitalization of $2.10 billion, a P/E ratio of 104.03 and a beta of 0.90. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.06. The stock’s fifty day simple moving average is $15.65 and its 200 day simple moving average is $16.27.

Expro Group (NYSE:XPRO) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The firm had revenue of $393.18 million for the quarter, compared to analysts’ expectations of $387.36 million. Expro Group had a net margin of 1.33% and a return on equity of 3.27%. Expro Group’s revenue was down 7.0% on a year-over-year basis. During the same period last year, the firm posted $0.30 EPS. On average, equities research analysts forecast that Expro Group Holdings N.V. will post 0.53 earnings per share for the current year.

Insider Buying and Selling at Expro Group

In related news, Director Eileen Goss Whelley sold 6,168 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total transaction of $93,383.52. Following the completion of the sale, the director directly owned 47,648 shares of the company’s stock, valued at approximately $721,390.72. This represents a 11.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.80% of the company’s stock.

Expro Group Company Profile

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.