Bayesian Capital Management LP Takes $439,000 Position in Expro Group Holdings (NYSE:XPRO)

Bayesian Capital Management LP bought a new stake in Expro Group Holdings (NYSE:XPRO) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 21,994 shares of the company’s stock, valued at approximately $439,000.

Several other hedge funds and other institutional investors have also made changes to their positions in XPRO. Earnest Partners LLC purchased a new position in shares of Expro Group in the first quarter valued at approximately $92,106,000. Dimensional Fund Advisors LP increased its holdings in shares of Expro Group by 45.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,672,872 shares of the company’s stock valued at $42,554,000 after purchasing an additional 833,928 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Expro Group by 129.3% in the first quarter. Jennison Associates LLC now owns 822,249 shares of the company’s stock valued at $16,420,000 after purchasing an additional 463,584 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Expro Group by 15.6% in the third quarter. Vanguard Group Inc. now owns 2,216,555 shares of the company’s stock valued at $51,491,000 after purchasing an additional 298,655 shares during the last quarter. Finally, Boston Partners increased its holdings in shares of Expro Group by 18.2% in the fourth quarter. Boston Partners now owns 1,680,446 shares of the company’s stock valued at $27,084,000 after purchasing an additional 258,172 shares during the last quarter. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Insiders Place Their Bets

In other Expro Group news, CTO Steven J. Russell sold 15,000 shares of the firm’s stock in a transaction 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 completion of 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 legal filing with the SEC, which is available through this hyperlink. In other news, CFO Quinn P. Fanning sold 17,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 92,889 shares in the company, valued at $1,956,242.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Steven J. Russell sold 15,000 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $23.01, for a total value of $345,150.00. Following the transaction, the chief technology officer now owns 84,873 shares of the company’s stock, valued at $1,952,927.73. The disclosure for this sale can be found here. Insiders sold a total of 2,737,240 shares of company stock valued at $60,891,007 over the last quarter. 1.50% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Expro Group Trading Up 0.7 %

XPRO stock traded up $0.16 during midday trading on Wednesday, hitting $22.36. 67,900 shares of the company’s stock were exchanged, compared to its average volume of 974,468. The business has a 50-day simple moving average of $22.30 and a two-hundred day simple moving average of $20.13. The company has a current ratio of 1.90, a quick ratio of 1.56 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $2.47 billion, a PE ratio of -123.33, a P/E/G ratio of 2.19 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.

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.