Swiss National Bank Increases Stake in Expro Group Holdings (NYSE:XPRO)

Swiss National Bank boosted its position in shares of Expro Group Holdings (NYSE:XPRO – Get Rating) by 1.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 170,600 shares of the company’s stock after purchasing an additional 1,700 shares during the quarter. Swiss National Bank owned about 0.16% of Expro Group worth $3,093,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada grew its position in Expro Group by 23.2% during the 3rd quarter. Royal Bank of Canada now owns 3,718 shares of the company’s stock valued at $47,000 after purchasing an additional 700 shares during the last quarter. Bank of America Corp DE lifted its stake in Expro Group by 2.3% during the 1st quarter. Bank of America Corp DE now owns 33,241 shares of the company’s stock valued at $591,000 after acquiring an additional 744 shares during the period. Profund Advisors LLC lifted its stake in Expro Group by 11.9% during the 4th quarter. Profund Advisors LLC now owns 14,335 shares of the company’s stock valued at $260,000 after acquiring an additional 1,524 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Expro Group by 29.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,527 shares of the company’s stock valued at $263,000 after acquiring an additional 3,288 shares during the period. Finally, Ensign Peak Advisors Inc bought a new position in Expro Group during the 3rd quarter valued at about $43,000. 88.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Expro Group

In related news, Director Michael C. Kearney sold 25,000 shares of the firm’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $23.50, for a total value of $587,500.00. Following the completion of the transaction, the director now directly owns 116,312 shares of the company’s stock, valued at $2,733,332. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Michael C. Kearney sold 9,963 shares of Expro Group stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $23.02, for a total value of $229,348.26. Following the completion of the sale, the director now directly owns 156,349 shares in the company, valued at $3,599,153.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael C. Kearney sold 25,000 shares of Expro Group stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $23.50, for a total value of $587,500.00. Following the completion of the sale, the director now owns 116,312 shares of the company’s stock, valued at $2,733,332. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,594 shares of company stock valued at $1,108,927. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

XPRO has been the topic of several research analyst reports. The Goldman Sachs Group started coverage on shares of Expro Group in a research note on Monday, April 3rd. They set a “buy” rating on the stock. Barclays increased their price objective on shares of Expro Group from $16.00 to $22.00 in a research note on Thursday, March 2nd.

Expro Group Trading Up 1.6 %

Shares of XPRO opened at $17.58 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.89 and a quick ratio of 1.54. Expro Group Holdings has a 1 year low of $8.82 and a 1 year high of $24.04. The company has a 50 day simple moving average of $18.46 and a two-hundred day simple moving average of $18.64. The firm has a market cap of $1.91 billion, a P/E ratio of -125.57 and a beta of 1.08.

Expro Group (NYSE:XPRO – Get Rating) last posted its earnings results on Thursday, May 4th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.24). Expro Group had a negative net margin of 1.15% and a negative return on equity of 0.17%. The business had revenue of $339.28 million during the quarter, compared to analysts’ expectations of $344.34 million. On average, equities analysts expect that Expro Group Holdings will post 1.04 earnings per share for the current fiscal year.

About Expro Group

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Expro Group Holdings NV engages in the provision of energy services. Its products and services include well construction, well flow management, well intervention and integrity, and subsea well access. The firm operates through the following geographical segments: North and Latin America (NLA), Europe and Sub-Saharan Africa (ESSA), Middle East and North Africa (MENA), and Asia-Pacific (APAC).