Arizona State Retirement System Has $461,000 Stock Position in Expro Group Holdings (NYSE:XPRO)

Arizona State Retirement System increased its position in Expro Group Holdings (NYSE:XPRO) by 27.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,021 shares of the company’s stock after purchasing an additional 5,541 shares during the quarter. Arizona State Retirement System’s holdings in Expro Group were worth $461,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XPRO. JPMorgan Chase & Co. lifted its position in Expro Group by 196.1% in the first quarter. JPMorgan Chase & Co. now owns 72,177 shares of the company’s stock worth $1,284,000 after purchasing an additional 47,797 shares during the period. Panagora Asset Management Inc. bought a new position in Expro Group in the first quarter worth $947,000. BlackRock Inc. lifted its position in Expro Group by 6.4% in the first quarter. BlackRock Inc. now owns 3,162,200 shares of the company’s stock worth $56,225,000 after purchasing an additional 190,534 shares during the period. Dimensional Fund Advisors LP lifted its position in Expro Group by 17.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,192,652 shares of the company’s stock worth $21,206,000 after purchasing an additional 181,156 shares during the period. Finally, Vanguard Group Inc. lifted its position in Expro Group by 45.8% in the first quarter. Vanguard Group Inc. now owns 1,076,501 shares of the company’s stock worth $19,140,000 after purchasing an additional 338,285 shares during the period. 83.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays cut their price objective on Expro Group from $23.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday. JPMorgan Chase & Co. assumed coverage on Expro Group in a report on Wednesday, September 13th. They issued an “overweight” rating and a $30.00 price target for the company. Finally, Piper Sandler lifted their price target on Expro Group from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, July 31st.

Insider Buying and Selling

In related news, Director Michael C. Kearney sold 2,600 shares of Expro Group stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $23.84, for a total value of $61,984.00. Following the completion of the sale, the director now directly owns 43,033 shares in the company, valued at $1,025,906.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Michael C. Kearney sold 5,735 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $24.44, for a total transaction of $140,163.40. Following the completion of the transaction, the director now directly owns 45,633 shares in the company, valued at approximately $1,115,270.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael C. Kearney sold 2,600 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $23.84, for a total value of $61,984.00. Following the transaction, the director now owns 43,033 shares of the company’s stock, valued at $1,025,906.72. The disclosure for this sale can be found here. Insiders sold a total of 3,021,335 shares of company stock worth $69,366,617 over the last three months. 1.50% of the stock is currently owned by company insiders.

Expro Group Stock Performance

Expro Group stock opened at $16.10 on Monday. The stock has a 50-day simple moving average of $21.69 and a 200 day simple moving average of $20.28. The company has a quick ratio of 1.69, a current ratio of 2.04 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 1,610.00 and a beta of 1.08. Expro Group Holdings has a 12-month low of $14.61 and a 12-month high of $25.04.

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 services.