Federated Hermes Inc. Increases Stock Position in Expro Group Holdings (NYSE:XPRO)

Federated Hermes Inc. lifted its holdings in shares of Expro Group Holdings (NYSE:XPRO) by 93,847.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,681 shares of the company’s stock after buying an additional 175,494 shares during the quarter. Federated Hermes Inc. owned about 0.16% of Expro Group worth $2,797,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Capricorn Fund Managers Ltd purchased a new stake in shares of Expro Group during the 4th quarter valued at approximately $159,000. Essex Investment Management Co. LLC purchased a new stake in shares of Expro Group during the 3rd quarter valued at approximately $2,050,000. Invesco Ltd. lifted its stake in shares of Expro Group by 92.8% during the 3rd quarter. Invesco Ltd. now owns 380,932 shares of the company’s stock valued at $8,849,000 after buying an additional 183,312 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Expro Group during the 4th quarter worth approximately $947,000. Finally, TimesSquare Capital Management LLC bought a new stake in Expro Group during the 3rd quarter worth approximately $15,125,000. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Barclays upped their target price on shares of Expro Group from $17.00 to $18.00 and gave the stock an “equal weight” rating in a report on Thursday, February 29th.

Expro Group Stock Performance

Expro Group stock opened at $20.15 on Friday. The firm’s 50 day simple moving average is $19.11 and its 200 day simple moving average is $17.65. The company has a current ratio of 1.74, a quick ratio of 1.45 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2.22 billion, a PE ratio of -111.94 and a beta of 0.91. Expro Group Holdings has a 1-year low of $14.33 and a 1-year high of $25.04.

Expro Group (NYSE:XPRO) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). The company had revenue of $406.75 million during the quarter, compared to the consensus estimate of $382.91 million. Expro Group had a positive return on equity of 0.76% and a negative net margin of 1.26%. Expro Group’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 EPS. As a group, analysts expect that Expro Group Holdings will post 0.75 earnings per share for the current fiscal year.

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.