Fmr LLC Decreases Stake in Expro Group Holdings (NYSE:XPRO)

by · The Cerbat Gem

Fmr LLC lessened its position in shares of Expro Group Holdings (NYSE:XPRO – Free Report) by 44.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,170,459 shares of the company’s stock after selling 6,540,606 shares during the quarter. Fmr LLC owned about 0.07% of Expro Group worth $101,886,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in XPRO. State Street Corp grew its holdings in shares of Expro Group by 7.6% in the third quarter. State Street Corp now owns 2,692,260 shares of the company’s stock valued at $46,226,000 after purchasing an additional 189,085 shares in the last quarter. Barclays PLC grew its stake in shares of Expro Group by 40.1% in the 3rd quarter. Barclays PLC now owns 473,492 shares of the company’s stock worth $8,129,000 after buying an additional 135,481 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Expro Group by 9.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,326,582 shares of the company’s stock worth $39,956,000 after buying an additional 199,554 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Expro Group by 479.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 251,883 shares of the company’s stock valued at $4,325,000 after buying an additional 208,443 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Expro Group by 60.4% in the 4th quarter. SG Americas Securities LLC now owns 35,995 shares of the company’s stock valued at $449,000 after acquiring an additional 13,553 shares during the last quarter. Institutional investors own 92.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XPRO. Barclays reduced their price objective on Expro Group from $17.00 to $14.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. The Goldman Sachs Group cut their target price on Expro Group from $17.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th.

Check Out Our Latest Analysis on XPRO

Expro Group Price Performance

XPRO stock opened at $7.95 on Tuesday. The stock has a market cap of $925.21 million, a PE ratio of 56.79, a P/E/G ratio of 1.28 and a beta of 0.98. Expro Group Holdings has a 12 month low of $6.70 and a 12 month high of $24.50. The company has a 50-day moving average price of $10.81 and a 200 day moving average price of $12.78. 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 Company Profile

(Free Report)

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.

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