Expro Group Holdings N.V. $XPRO Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its holdings in shares of Expro Group Holdings N.V. (NYSE:XPRO) by 18.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,538,988 shares of the company’s stock after selling 1,034,802 shares during the quarter. American Century Companies Inc. owned about 4.00% of Expro Group worth $53,923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. US Bancorp DE lifted its holdings in Expro Group by 8.6% in the third quarter. US Bancorp DE now owns 10,062 shares of the company’s stock valued at $120,000 after acquiring an additional 799 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Expro Group by 54.3% in the third quarter. GAMMA Investing LLC now owns 2,475 shares of the company’s stock valued at $29,000 after purchasing an additional 871 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Expro Group by 13.6% in the second quarter. Ameritas Investment Partners Inc. now owns 10,544 shares of the company’s stock worth $91,000 after acquiring an additional 1,265 shares in the last quarter. Profund Advisors LLC grew its stake in Expro Group by 10.8% during the 2nd quarter. Profund Advisors LLC now owns 18,320 shares of the company’s stock worth $157,000 after purchasing an additional 1,793 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in shares of Expro Group by 6.3% during the third quarter. Verdence Capital Advisors LLC now owns 36,941 shares of the company’s stock worth $439,000 after buying an additional 2,201 shares during the period. 92.07% of the stock is owned by institutional investors and hedge funds.

Expro Group Price Performance

NYSE:XPRO opened at $16.81 on Friday. Expro Group Holdings N.V. has a 12-month low of $6.70 and a 12-month high of $18.73. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 37.36 and a beta of 0.91. The company’s 50-day moving average is $15.88 and its two-hundred day moving average is $14.02. The company has a current ratio of 2.16, a quick ratio of 1.79 and a debt-to-equity ratio of 0.06.

Expro Group (NYSE:XPRO) last announced its earnings results on Thursday, February 19th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Expro Group had a net margin of 3.22% and a return on equity of 5.09%. The firm had revenue of $382.13 million for the quarter, compared to analyst estimates of $413.47 million. During the same quarter last year, the business earned $0.19 earnings per share. Expro Group’s revenue was down 12.5% compared to the same quarter last year. Research analysts expect that Expro Group Holdings N.V. will post 0.68 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on XPRO shares. Weiss Ratings restated a “hold (c)” rating on shares of Expro Group in a research note on Wednesday, January 21st. Barclays raised their price objective on shares of Expro Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Finally, Piper Sandler lowered Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 target price on the stock. in a report on Thursday, December 18th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.25.

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.