Los Angeles Capital Management LLC trimmed its holdings in Expro Group Holdings (NYSE:XPRO – Get Rating) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,035 shares of the company’s stock after selling 6,270 shares during the period. Los Angeles Capital Management LLC owned 0.06% of Expro Group worth $1,125,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ensign Peak Advisors Inc acquired a new stake in shares of Expro Group in the third quarter valued at approximately $43,000. Royal Bank of Canada raised its position in shares of Expro Group by 23.2% in the third quarter. Royal Bank of Canada now owns 3,718 shares of the company’s stock valued at $47,000 after buying an additional 700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Expro Group in the second quarter valued at approximately $129,000. Profund Advisors LLC acquired a new stake in shares of Expro Group in the third quarter valued at approximately $163,000. Finally, Great Lakes Advisors LLC acquired a new stake in shares of Expro Group in the third quarter valued at approximately $224,000. 88.06% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Expro Group
In related news, Director Michael C. Kearney sold 3,546 shares of the business’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $20.01, for a total value of $70,955.46. Following the transaction, the director now owns 232,766 shares in the company, valued at $4,657,647.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Michael C. Kearney sold 3,546 shares of the business’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $20.01, for a total transaction of $70,955.46. Following the completion of the sale, the director now directly owns 232,766 shares of the company’s stock, valued at $4,657,647.66. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael C. Kearney sold 25,000 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $23.50, for a total transaction of $587,500.00. Following the sale, the director now directly owns 116,312 shares of the company’s stock, valued at $2,733,332. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,111 shares of company stock worth $1,729,560. Company insiders own 1.50% of the company’s stock.
Expro Group Stock Performance
Expro Group (NYSE:XPRO – Get Rating) last posted its earnings results on Thursday, February 23rd. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). The company had revenue of $350.97 million for the quarter, compared to the consensus estimate of $339.00 million. Expro Group had a positive return on equity of 0.39% and a negative net margin of 1.57%. On average, equities analysts expect that Expro Group Holdings will post 1.27 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group started coverage on shares of Expro Group in a research report on Monday, April 3rd. They issued a “buy” rating for the company. Barclays lifted their price objective on shares of Expro Group from $16.00 to $22.00 in a research note on Thursday, March 2nd.
About Expro Group
Expro Group Holdings NV engages in the provision of energy services. Its products and services include well construction, well flow management, well intervention and integrity, and subsea well access. The firm operates through the following geographical segments: North and Latin America (NLA), Europe and Sub-Saharan Africa (ESSA), Middle East and North Africa (MENA), and Asia-Pacific (APAC).
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