UBS Group AG Increases Position in Expro Group Holdings N.V. $XPRO

UBS Group AG lifted its stake in Expro Group Holdings N.V. (NYSE:XPRO) by 31.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 581,760 shares of the company’s stock after purchasing an additional 138,420 shares during the period. UBS Group AG owned approximately 0.51% of Expro Group worth $7,766,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Expro Group by 47.3% during the 1st quarter. AQR Capital Management LLC now owns 161,099 shares of the company’s stock valued at $1,601,000 after acquiring an additional 51,727 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Expro Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,285 shares of the company’s stock worth $559,000 after acquiring an additional 2,463 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Expro Group by 47.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 903,612 shares of the company’s stock worth $8,982,000 after acquiring an additional 292,198 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Expro Group by 17.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 282,788 shares of the company’s stock valued at $2,811,000 after purchasing an additional 42,203 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in Expro Group by 732.6% during the first quarter. Jane Street Group LLC now owns 421,163 shares of the company’s stock worth $4,186,000 after purchasing an additional 370,579 shares during the last quarter. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on XPRO shares. Piper Sandler upped their target price on Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a report on Wednesday, April 15th. Freedom Capital downgraded Expro Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Barclays boosted their price objective on shares of Expro Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, Weiss Ratings cut shares of Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $16.50.

Expro Group Stock Performance

Expro Group stock opened at $16.48 on Tuesday. Expro Group Holdings N.V. has a fifty-two week low of $7.57 and a fifty-two week high of $18.73. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 51.49 and a beta of 0.97. The stock has a fifty day moving average of $16.81 and a two-hundred day moving average of $15.59. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.13.

Expro Group (NYSE:XPRO) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The business had revenue of $382.13 million for the quarter, compared to the consensus estimate of $413.47 million. Expro Group had a return on equity of 3.91% and a net margin of 2.32%.The business’s revenue was down 12.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 earnings per share. On average, analysts anticipate that Expro Group Holdings N.V. will post 0.3 EPS for the current fiscal year.

Expro Group Profile

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.