Harbor Capital Advisors Inc. Boosts Stake in Expro Group Holdings (NYSE:XPRO)

Harbor Capital Advisors Inc. raised its position in Expro Group Holdings (NYSE:XPRO) by 566.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 143,221 shares of the company’s stock after buying an additional 121,723 shares during the period. Harbor Capital Advisors Inc. owned 0.12% of Expro Group worth $2,459,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XPRO. Jennison Associates LLC increased its stake in Expro Group by 129.3% in the 1st quarter. Jennison Associates LLC now owns 822,249 shares of the company’s stock valued at $16,420,000 after buying an additional 463,584 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in shares of Expro Group by 1.9% during the 1st quarter. Essex Investment Management Co. LLC now owns 88,193 shares of the company’s stock worth $1,761,000 after purchasing an additional 1,654 shares during the last quarter. Oxbow Advisors LLC increased its stake in shares of Expro Group by 41.5% during the 1st quarter. Oxbow Advisors LLC now owns 34,197 shares of the company’s stock worth $683,000 after purchasing an additional 10,031 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Expro Group during the 1st quarter worth approximately $141,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Expro Group during the 1st quarter worth approximately $1,356,000. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barclays decreased their price target 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 Trading Up 0.1 %

Shares of XPRO stock opened at $12.78 on Tuesday. The company has a 50 day moving average of $16.94 and a 200-day moving average of $19.80. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. Expro Group Holdings has a 12-month low of $12.66 and a 12-month high of $24.50. The firm has a market cap of $1.50 billion, a P/E ratio of 91.29, a PEG ratio of 1.52 and a beta of 0.99.

Expro Group (NYSE:XPRO) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The company had revenue of $422.83 million during the quarter, compared to the consensus estimate of $436.62 million. Expro Group had a net margin of 0.98% and a return on equity of 3.70%. Expro Group’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the firm earned ($0.11) EPS. Sell-side analysts anticipate 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.