Quantbot Technologies LP Acquires Shares of 74,561 Expro Group Holdings (NYSE:XPRO)

Quantbot Technologies LP bought a new position in Expro Group Holdings (NYSE:XPRO) during the third quarter, Holdings Channel.com reports. The firm bought 74,561 shares of the company’s stock, valued at approximately $1,280,000.

Other institutional investors also recently modified their holdings of the company. nVerses Capital LLC bought a new position in Expro Group in the 2nd quarter valued at $183,000. Transatlantique Private Wealth LLC bought a new position in Expro Group during the second quarter valued at about $214,000. Algert Global LLC purchased a new stake in Expro Group during the second quarter worth about $217,000. Hsbc Holdings PLC bought a new stake in Expro Group in the second quarter worth about $263,000. Finally, MQS Management LLC purchased a new position in Expro Group in the third quarter valued at about $205,000. 92.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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 Down 1.8 %

Shares of Expro Group stock opened at $13.89 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98. The stock has a market capitalization of $1.63 billion, a P/E ratio of 99.22, a P/E/G ratio of 1.68 and a beta of 0.99. Expro Group Holdings has a 52-week low of $12.58 and a 52-week high of $24.50. The stock’s 50-day simple moving average is $15.14 and its 200 day simple moving average is $19.01.

Expro Group (NYSE:XPRO) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The company had revenue of $422.83 million for the quarter, compared to analyst estimates of $436.62 million. Expro Group had a net margin of 0.98% and a return on equity of 3.70%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. As a group, research analysts anticipate that Expro Group Holdings will post 0.7 EPS for the current year.

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.