Verdence Capital Advisors LLC Reduces Stake in Expro Group Holdings (NYSE:XPRO)

Verdence Capital Advisors LLC cut its holdings in shares of Expro Group Holdings (NYSE:XPRO) by 25.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,758 shares of the company’s stock after selling 5,025 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Expro Group were worth $338,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of XPRO. GAMMA Investing LLC raised its position in Expro Group by 58.0% during the first quarter. GAMMA Investing LLC now owns 1,452 shares of the company’s stock valued at $29,000 after acquiring an additional 533 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Expro Group during the 1st quarter valued at approximately $141,000. Paloma Partners Management Co acquired a new position in shares of Expro Group in the 1st quarter valued at $239,000. Aristides Capital LLC purchased a new stake in Expro Group during the fourth quarter worth $236,000. Finally, ProShare Advisors LLC grew its position in Expro Group by 8.5% during the first quarter. ProShare Advisors LLC now owns 16,099 shares of the company’s stock valued at $321,000 after buying an additional 1,267 shares during the period. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Expro Group Price Performance

Shares of XPRO stock traded down $0.01 on Monday, reaching $20.44. 624,661 shares of the company were exchanged, compared to its average volume of 966,420. The company has a market cap of $2.26 billion, a price-to-earnings ratio of -113.56, a P/E/G ratio of 2.39 and a beta of 1.02. Expro Group Holdings has a 1 year low of $14.33 and a 1 year high of $25.04. The business has a 50-day moving average price of $21.93 and a 200 day moving average price of $20.51. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.56 and a current ratio of 1.90.

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

Analyst Ratings Changes

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

Insider Buying and Selling at Expro Group

In related news, CTO Steven J. Russell sold 15,000 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were 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 in the company, valued at $1,952,927.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CTO Steven J. Russell sold 15,000 shares of Expro Group stock in a transaction that occurred 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 owns 84,873 shares in the company, valued at $1,952,927.73. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lisa L. Troe sold 2,820 shares of Expro Group stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $21.13, for a total value of $59,586.60. Following the transaction, the director now owns 30,517 shares in the company, valued at approximately $644,824.21. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Expro Group Company 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.