Intech Investment Management LLC Invests $477,000 in Expro Group Holdings (NYSE:XPRO)

Intech Investment Management LLC bought a new stake in shares of Expro Group Holdings (NYSE:XPRO) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,768 shares of the company’s stock, valued at approximately $477,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Expro Group by 1.6% in the first quarter. Vanguard Group Inc. now owns 2,352,277 shares of the company’s stock worth $46,975,000 after buying an additional 38,053 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Expro Group by 269.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,498 shares of the company’s stock worth $493,000 after acquiring an additional 15,680 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Expro Group by 155.8% in the 2nd quarter. SG Americas Securities LLC now owns 18,043 shares of the company’s stock valued at $414,000 after purchasing an additional 10,990 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Expro Group by 5.8% during the second quarter. Bank of New York Mellon Corp now owns 1,524,545 shares of the company’s stock valued at $34,943,000 after purchasing an additional 83,134 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Expro Group by 11.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,090 shares of the company’s stock worth $575,000 after purchasing an additional 2,649 shares during the period. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Expro Group Price Performance

Shares of NYSE XPRO opened at $13.80 on Tuesday. The company has a 50 day simple moving average of $15.06 and a two-hundred day simple moving average of $18.94. Expro Group Holdings has a fifty-two week low of $12.58 and a fifty-two week high of $24.50. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 98.57, a P/E/G ratio of 1.65 and a beta of 0.99. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98.

Expro Group (NYSE:XPRO) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Expro Group had a return on equity of 3.70% and a net margin of 0.98%. The business had revenue of $422.83 million during the quarter, compared to analysts’ expectations of $436.62 million. During the same quarter in the previous year, the business earned ($0.11) earnings per share. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. Analysts expect that Expro Group Holdings will post 0.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered their price objective on Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, October 28th.

Expro Group Company 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.