Expro Group Holdings (NYSE:XPRO) Stake Cut by Emerald Advisers LLC

Emerald Advisers LLC trimmed its stake in Expro Group Holdings (NYSE:XPRO) by 48.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 471,181 shares of the company’s stock after selling 436,270 shares during the quarter. Emerald Advisers LLC’s holdings in Expro Group were worth $5,876,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in XPRO. R Squared Ltd bought a new stake in Expro Group in the fourth quarter valued at $27,000. US Bancorp DE lifted its stake in Expro Group by 56.0% in the fourth quarter. US Bancorp DE now owns 4,171 shares of the company’s stock valued at $52,000 after buying an additional 1,497 shares during the last quarter. KBC Group NV lifted its stake in Expro Group by 75.3% in the fourth quarter. KBC Group NV now owns 5,968 shares of the company’s stock valued at $74,000 after buying an additional 2,563 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Expro Group in the third quarter valued at $171,000. Finally, Entropy Technologies LP bought a new stake in Expro Group in the fourth quarter valued at $173,000. 92.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

XPRO has been the topic of a number of recent research reports. The Goldman Sachs Group assumed coverage on Expro Group in a research note on Friday, December 13th. They issued a “neutral” rating and a $18.00 target price on the stock. Barclays lowered their price target on Expro Group from $17.00 to $14.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th.

Expro Group Price Performance

Shares of XPRO opened at $10.26 on Monday. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 73.26, a price-to-earnings-growth ratio of 1.28 and a beta of 1.12. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98. Expro Group Holdings has a one year low of $9.85 and a one year high of $24.50. The stock’s fifty day moving average is $12.53 and its 200-day moving average is $13.84.

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.