Expro Group Holdings (NYSE:XPRO) Stock Position Lifted by Invesco Ltd.

Invesco Ltd. boosted its stake in shares of Expro Group Holdings (NYSE:XPRO) by 58.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 222,519 shares of the company’s stock after purchasing an additional 82,142 shares during the period. Invesco Ltd. owned about 0.19% of Expro Group worth $2,775,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new stake in Expro Group in the fourth quarter valued at approximately $27,000. US Bancorp DE lifted its stake in Expro Group by 56.0% in the fourth quarter. US Bancorp DE now owns 4,171 shares of the company’s stock valued at $52,000 after acquiring an additional 1,497 shares during the last quarter. KBC Group NV lifted its stake in Expro Group by 75.3% in the fourth quarter. KBC Group NV now owns 5,968 shares of the company’s stock valued at $74,000 after acquiring an additional 2,563 shares during the last quarter. Entropy Technologies LP acquired a new stake in Expro Group in the fourth quarter valued at approximately $173,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Expro Group in the fourth quarter valued at approximately $222,000. 92.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XPRO has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their target price on shares of Expro Group from $17.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Barclays reduced their target price on shares of Expro Group from $17.00 to $14.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th.

Expro Group Price Performance

Shares of Expro Group stock opened at $8.04 on Tuesday. The firm has a fifty day simple moving average of $9.79 and a 200-day simple moving average of $12.15. The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Expro Group Holdings has a 1-year low of $6.70 and a 1-year high of $24.50. The stock has a market capitalization of $932.87 million, a price-to-earnings ratio of 57.43, a PEG ratio of 1.28 and a beta of 0.98.

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.