Massachusetts Financial Services Co. MA Decreases Stock Position in Expro Group Holdings N.V. $XPRO

Massachusetts Financial Services Co. MA decreased its position in Expro Group Holdings N.V. (NYSE:XPRO) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,064,953 shares of the company’s stock after selling 32,301 shares during the quarter. Massachusetts Financial Services Co. MA owned 2.70% of Expro Group worth $36,412,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in XPRO. American Century Companies Inc. grew its holdings in Expro Group by 10.0% during the 2nd quarter. American Century Companies Inc. now owns 5,573,790 shares of the company’s stock valued at $47,879,000 after purchasing an additional 507,805 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Expro Group by 3.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,451,214 shares of the company’s stock worth $21,058,000 after buying an additional 93,014 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in Expro Group by 35.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,553,748 shares of the company’s stock valued at $13,347,000 after buying an additional 405,168 shares during the last quarter. Boston Partners grew its stake in shares of Expro Group by 73.8% during the second quarter. Boston Partners now owns 1,342,405 shares of the company’s stock valued at $11,536,000 after acquiring an additional 569,977 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in shares of Expro Group by 113.7% during the second quarter. Balyasny Asset Management L.P. now owns 939,398 shares of the company’s stock valued at $8,069,000 after acquiring an additional 499,826 shares in the last quarter. 92.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XPRO has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Expro Group in a report on Wednesday, October 8th. The Goldman Sachs Group lifted their price objective on Expro Group from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Barclays increased their target price on Expro Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Finally, Piper Sandler downgraded shares of Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 price target for the company. in a research report on Thursday, December 18th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.00.

Expro Group Trading Up 5.7%

Shares of NYSE XPRO opened at $16.08 on Thursday. The stock’s 50 day moving average price is $14.14 and its two-hundred day moving average price is $12.55. Expro Group Holdings N.V. has a 52-week low of $6.70 and a 52-week high of $16.78. The stock has a market capitalization of $1.83 billion, a P/E ratio of 27.26 and a beta of 1.00. The company has a quick ratio of 1.74, a current ratio of 2.11 and a debt-to-equity ratio of 0.07.

Expro Group (NYSE:XPRO) last issued its earnings results on Thursday, October 23rd. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. Expro Group had a return on equity of 6.41% and a net margin of 4.15%.The company had revenue of $411.36 million during the quarter, compared to analyst estimates of $426.65 million. During the same quarter last year, the firm earned $0.23 EPS. The business’s revenue was down 2.7% on a year-over-year basis. On average, analysts anticipate that Expro Group Holdings N.V. will post 0.68 earnings per share for the current fiscal year.

About Expro Group

Expro Group plc is a global energy services company that specializes in well flow management and well testing solutions for the oil and gas industry. The company’s core offerings include wellhead and pressure control systems, downhole well construction tools, subsea intervention services, and integrated tubular running services. These capabilities enable exploration and production companies to optimize well performance, enhance safety and mitigate operational risk throughout the drilling, completion and intervention phases of the well life cycle.

Founded in 1973, Expro has grown both organically and through targeted acquisitions to establish a presence in more than 30 countries.