Emerald Mutual Fund Advisers Trust Has $12.69 Million Stock Position in Expro Group Holdings (NYSE:XPRO)

Emerald Mutual Fund Advisers Trust raised its holdings in shares of Expro Group Holdings (NYSE:XPRO) by 64.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 739,080 shares of the company’s stock after acquiring an additional 290,212 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.63% of Expro Group worth $12,690,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XPRO. Earnest Partners LLC acquired a new stake in Expro Group in the 1st quarter valued at $92,106,000. Clearbridge Investments LLC acquired a new stake in shares of Expro Group in the second quarter valued at about $28,156,000. Emerald Advisers LLC bought a new stake in Expro Group during the second quarter worth about $13,421,000. Jennison Associates LLC boosted its position in Expro Group by 129.3% during the first quarter. Jennison Associates LLC now owns 822,249 shares of the company’s stock valued at $16,420,000 after purchasing an additional 463,584 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Expro Group in the second quarter valued at approximately $9,811,000. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Expro Group Price Performance

NYSE:XPRO opened at $12.77 on Friday. The company has a market cap of $1.50 billion, a P/E ratio of 91.22, a P/E/G ratio of 1.52 and a beta of 0.99. The firm’s fifty day moving average price is $17.09 and its two-hundred day moving average price is $19.83. Expro Group Holdings has a one year low of $12.66 and a one year high of $24.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62.

Expro Group (NYSE:XPRO) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $422.83 million for the quarter, compared to analyst estimates of $436.62 million. Expro Group had a net margin of 0.98% and a return on equity of 3.70%. Expro Group’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.11) EPS. Equities analysts expect that Expro Group Holdings will post 0.7 earnings per share for the current year.

Expro Group 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.