Expro Group Holdings N.V. $XPRO Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its stake in Expro Group Holdings N.V. (NYSE:XPRO) by 70.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,407 shares of the company’s stock after selling 259,823 shares during the period. Federated Hermes Inc.’s holdings in Expro Group were worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Boston Partners boosted its position in shares of Expro Group by 73.8% during the 2nd quarter. Boston Partners now owns 1,342,405 shares of the company’s stock worth $11,536,000 after purchasing an additional 569,977 shares during the period. American Century Companies Inc. raised its stake in Expro Group by 10.0% during the 2nd quarter. American Century Companies Inc. now owns 5,573,790 shares of the company’s stock worth $47,879,000 after acquiring an additional 507,805 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in Expro Group by 113.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 939,398 shares of the company’s stock worth $8,069,000 after buying an additional 499,826 shares during the last quarter. Pacer Advisors Inc. acquired a new position in Expro Group in the third quarter valued at $4,823,000. Finally, Qube Research & Technologies Ltd grew its stake in shares of Expro Group by 35.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,553,748 shares of the company’s stock valued at $13,347,000 after purchasing an additional 405,168 shares during the last quarter. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on XPRO shares. The Goldman Sachs Group lifted their price objective on Expro Group from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Piper Sandler lowered Expro Group from a “neutral” rating to an “underweight” rating and set a $13.00 target price for the company. in a research note on Thursday, December 18th. Barclays increased their target price on shares of Expro Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Expro Group in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.00.

Expro Group Trading Down 3.6%

NYSE:XPRO opened at $15.51 on Friday. The business has a fifty day moving average of $14.65 and a 200-day moving average of $13.06. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 26.28 and a beta of 1.01. Expro Group Holdings N.V. has a 1 year low of $6.70 and a 1 year high of $16.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.74 and a current ratio of 2.11.

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.