Emerald Mutual Fund Advisers Trust Acquires 290,212 Shares of Expro Group Holdings (NYSE:XPRO)

Emerald Mutual Fund Advisers Trust lifted its stake in Expro Group Holdings (NYSE:XPRO) by 64.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 739,080 shares of the company’s stock after buying an additional 290,212 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Expro Group were worth $12,690,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Expro Group in the 1st quarter valued at about $141,000. nVerses Capital LLC bought a new position in Expro Group in the second quarter valued at approximately $183,000. Transatlantique Private Wealth LLC acquired a new position in Expro Group during the second quarter valued at approximately $214,000. Algert Global LLC bought a new stake in Expro Group during the second quarter worth $217,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Expro Group in the 2nd quarter valued at $263,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

Expro Group Price Performance

Shares of NYSE:XPRO opened at $12.77 on Friday. Expro Group Holdings has a one year low of $12.66 and a one year high of $24.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 91.22, a PEG ratio of 1.52 and a beta of 0.99. The firm has a 50 day simple moving average of $17.09 and a 200 day simple moving average of $19.83.

Expro Group (NYSE:XPRO) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Expro Group had a return on equity of 3.70% and a net margin of 0.98%. The company had revenue of $422.83 million during the quarter, compared to analysts’ expectations of $436.62 million. During the same period in the prior year, the company earned ($0.11) EPS. Expro Group’s revenue was up 14.3% compared to the same quarter last year. Research analysts predict that Expro Group Holdings will post 0.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barclays dropped their price objective on Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, October 28th.

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.