Emerald Mutual Fund Advisers Trust Takes $10.29 Million Position in Expro Group Holdings (NYSE:XPRO)

Emerald Mutual Fund Advisers Trust bought a new position in Expro Group Holdings (NYSE:XPRO) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 448,868 shares of the company’s stock, valued at approximately $10,288,000. Emerald Mutual Fund Advisers Trust owned 0.41% of Expro Group at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC grew its holdings in Expro Group by 58.0% in the first quarter. GAMMA Investing LLC now owns 1,452 shares of the company’s stock worth $29,000 after purchasing an additional 533 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Expro Group in the 1st quarter worth approximately $141,000. nVerses Capital LLC bought a new position in Expro Group during the 2nd quarter valued at approximately $183,000. Aristides Capital LLC purchased a new position in Expro Group during the fourth quarter valued at $236,000. Finally, Paloma Partners Management Co bought a new stake in Expro Group in the first quarter worth $239,000. 92.07% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CTO Steven J. Russell sold 15,000 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $23.01, for a total transaction of $345,150.00. Following the transaction, the chief technology officer now directly owns 84,873 shares of the company’s stock, valued at approximately $1,952,927.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group restated a “neutral” rating and set a $23.00 price target (up from $22.00) on shares of Expro Group in a report on Monday, June 3rd. Piper Sandler raised their price objective on shares of Expro Group from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Finally, Barclays lifted their target price on shares of Expro Group from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st.

Expro Group Stock Down 3.2 %

XPRO stock opened at $17.72 on Friday. The stock has a market capitalization of $1.96 billion, a P/E ratio of -98.44, a P/E/G ratio of 2.15 and a beta of 0.97. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.90 and a quick ratio of 1.56. Expro Group Holdings has a 1-year low of $14.33 and a 1-year high of $25.04. The business has a fifty day moving average price of $21.28 and a 200-day moving average price of $20.55.

Expro Group (NYSE:XPRO) last issued its earnings results on Thursday, July 25th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The business had revenue of $469.64 million during the quarter, compared to analysts’ expectations of $419.20 million. Expro Group had a positive return on equity of 1.43% and a negative net margin of 0.84%. Equities analysts forecast that Expro Group Holdings will post 0.77 earnings per share for the current fiscal year.

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.