MQS Management LLC Takes $205,000 Position in Expro Group Holdings (NYSE:XPRO)

MQS Management LLC acquired a new stake in shares of Expro Group Holdings (NYSE:XPRO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,952 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds have also recently made changes to their positions in XPRO. SG Americas Securities LLC acquired a new position in shares of Expro Group during the first quarter valued at about $141,000. Swiss National Bank grew its position in Expro Group by 1.9% in the 1st quarter. Swiss National Bank now owns 185,700 shares of the company’s stock worth $3,708,000 after purchasing an additional 3,500 shares in the last quarter. ProShare Advisors LLC increased its stake in Expro Group by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 16,099 shares of the company’s stock valued at $321,000 after buying an additional 1,267 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Expro Group by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 2,352,277 shares of the company’s stock worth $46,975,000 after buying an additional 38,053 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Expro Group by 0.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 61,765 shares of the company’s stock worth $1,233,000 after buying an additional 550 shares during the last quarter. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Expro Group Stock Performance

NYSE XPRO opened at $12.70 on Friday. The company has a market capitalization of $1.49 billion, a PE ratio of 91.14, a price-to-earnings-growth ratio of 1.60 and a beta of 0.99. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98. Expro Group Holdings has a 52-week low of $12.66 and a 52-week high of $24.50. The company has a 50-day simple moving average of $16.05 and a 200 day simple moving average of $19.48.

Expro Group (NYSE:XPRO) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. Expro Group had a net margin of 0.98% and a return on equity of 3.70%. The company had revenue of $422.83 million during the quarter, compared to analyst estimates of $436.62 million. During the same quarter last year, the business posted ($0.11) EPS. Expro Group’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, research analysts predict that Expro Group Holdings will post 0.7 EPS for the current year.

Analysts Set New Price Targets

Separately, Barclays decreased their price target on Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, October 28th.

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.