Jennison Associates LLC Has $39.25 Million Stock Position in Expro Group Holdings (NYSE:XPRO)

Jennison Associates LLC raised its position in Expro Group Holdings (NYSE:XPRO) by 4.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,286,181 shares of the company’s stock after acquiring an additional 91,961 shares during the period. Jennison Associates LLC’s holdings in Expro Group were worth $39,254,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. boosted its stake in Expro Group by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 5,594,611 shares of the company’s stock valued at $128,229,000 after purchasing an additional 320,112 shares during the last quarter. Earnest Partners LLC grew its holdings in Expro Group by 3.0% during the second quarter. Earnest Partners LLC now owns 4,752,815 shares of the company’s stock worth $108,935,000 after buying an additional 140,617 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Expro Group by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,334,758 shares of the company’s stock valued at $76,435,000 after buying an additional 219,432 shares during the last quarter. Vanguard Group Inc. lifted its stake in Expro Group by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 2,352,277 shares of the company’s stock valued at $46,975,000 after acquiring an additional 38,053 shares in the last quarter. Finally, Boston Partners boosted its holdings in Expro Group by 24.1% during the 1st quarter. Boston Partners now owns 2,084,838 shares of the company’s stock worth $41,688,000 after acquiring an additional 404,392 shares during the last quarter. Institutional investors own 92.07% of the company’s stock.

Expro Group Stock Performance

Shares of XPRO opened at $13.61 on Friday. Expro Group Holdings has a 12 month low of $12.58 and a 12 month high of $24.50. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 97.22, a PEG ratio of 1.53 and a beta of 0.99. The stock has a 50 day moving average of $15.59 and a 200 day moving average of $19.27. The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

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

Analyst Upgrades and Downgrades

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

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.