Ameriprise Financial Inc. Increases Stock Position in Expro Group Holdings (NYSE:XPRO)

Ameriprise Financial Inc. grew its stake in shares of Expro Group Holdings (NYSE:XPRO) by 42.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 327,125 shares of the company’s stock after acquiring an additional 96,803 shares during the quarter. Ameriprise Financial Inc. owned about 0.28% of Expro Group worth $4,079,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Expro Group during the 4th quarter valued at about $27,000. Sterling Capital Management LLC boosted its holdings in shares of Expro Group by 824.7% during the 4th quarter. Sterling Capital Management LLC now owns 3,033 shares of the company’s stock valued at $38,000 after acquiring an additional 2,705 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Expro Group by 56.0% during the 4th 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 boosted its holdings in shares of Expro Group by 75.3% during the 4th 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. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Expro Group by 1,413.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,126 shares of the company’s stock worth $139,000 after purchasing an additional 10,391 shares during the period. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Analysts Set New Price Targets

XPRO has been the topic of several recent research reports. The Goldman Sachs Group lowered their price objective on shares of Expro Group from $17.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Barclays lowered their price objective on shares of Expro Group from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 7th.

Expro Group Price Performance

Shares of NYSE:XPRO opened at $7.82 on Monday. The firm’s 50 day moving average price is $8.63 and its 200-day moving average price is $11.28. Expro Group Holdings has a twelve month low of $6.70 and a twelve month high of $24.50. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $902.82 million, a PE ratio of 55.89, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17.

About Expro Group

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.