Paloma Partners Management Co Takes Position in Expro Group Holdings (NYSE:XPRO)

Paloma Partners Management Co acquired a new position in shares of Expro Group Holdings (NYSE:XPRO) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,964 shares of the company’s stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XPRO. Vanguard Group Inc. increased its position in Expro Group by 15.6% during the third quarter. Vanguard Group Inc. now owns 2,216,555 shares of the company’s stock worth $51,491,000 after purchasing an additional 298,655 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Expro Group in the fourth quarter valued at approximately $947,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Expro Group by 19.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,441 shares of the company’s stock valued at $357,000 after purchasing an additional 3,643 shares during the period. Federated Hermes Inc. boosted its stake in shares of Expro Group by 93,847.1% in the fourth quarter. Federated Hermes Inc. now owns 175,681 shares of the company’s stock valued at $2,797,000 after purchasing an additional 175,494 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in shares of Expro Group by 2.9% in the fourth quarter. New York State Common Retirement Fund now owns 40,532 shares of the company’s stock valued at $645,000 after purchasing an additional 1,145 shares during the period. 92.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on XPRO. The Goldman Sachs Group reissued a “neutral” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Expro Group in a research note on Monday, June 3rd. Piper Sandler raised their price objective on shares of Expro Group from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Finally, Barclays raised shares of Expro Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $18.00 to $27.00 in a research note on Tuesday, May 14th.

Insider Buying and Selling

In related news, CFO Quinn P. Fanning sold 17,500 shares of Expro Group stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $21.06, for a total value of $368,550.00. Following the completion of the transaction, the chief financial officer now owns 92,889 shares in the company, valued at $1,956,242.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Expro Group news, CTO Steven J. Russell sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $23.01, for a total transaction of $345,150.00. Following the sale, the chief technology officer now owns 84,873 shares of the company’s stock, valued at $1,952,927.73. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Quinn P. Fanning sold 17,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $21.06, for a total transaction of $368,550.00. Following the sale, the chief financial officer now directly owns 92,889 shares in the company, valued at approximately $1,956,242.34. The disclosure for this sale can be found here. Insiders sold 2,737,240 shares of company stock worth $60,891,007 over the last 90 days. 1.50% of the stock is owned by insiders.

Expro Group Stock Up 0.5 %

Expro Group stock traded up $0.12 during trading on Tuesday, reaching $22.24. The stock had a trading volume of 153,180 shares, compared to its average volume of 975,524. Expro Group Holdings has a 52-week low of $14.33 and a 52-week high of $25.04. The business has a 50 day moving average price of $22.31 and a 200 day moving average price of $20.09. The company has a quick ratio of 1.56, a current ratio of 1.90 and a debt-to-equity ratio of 0.09.

About Expro Group

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.