Expro Group Holdings (NYSE:XPRO) Position Boosted by Webs Creek Capital Management LP

Webs Creek Capital Management LP grew its holdings in shares of Expro Group Holdings (NYSE:XPRO) by 28.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,441,214 shares of the company’s stock after buying an additional 315,674 shares during the period. Expro Group accounts for 11.6% of Webs Creek Capital Management LP’s portfolio, making the stock its 2nd biggest position. Webs Creek Capital Management LP owned approximately 1.30% of Expro Group worth $28,781,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in XPRO. GAMMA Investing LLC boosted its position in shares of Expro Group by 58.0% during the first quarter. GAMMA Investing LLC now owns 1,452 shares of the company’s stock valued at $29,000 after purchasing an additional 533 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Expro Group by 0.9% during the first quarter. Gamco Investors INC. ET AL now owns 61,765 shares of the company’s stock valued at $1,233,000 after purchasing an additional 550 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Expro Group by 2.9% during 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 in the last quarter. ProShare Advisors LLC boosted its position in shares of Expro Group by 8.5% during the first quarter. ProShare Advisors LLC now owns 16,099 shares of the company’s stock valued at $321,000 after purchasing an additional 1,267 shares in the last quarter. Finally, Essex Investment Management Co. LLC boosted its position in shares of Expro Group by 1.9% during the first quarter. Essex Investment Management Co. LLC now owns 88,193 shares of the company’s stock valued at $1,761,000 after purchasing an additional 1,654 shares in the last quarter. 92.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on XPRO shares. Barclays boosted their target price on Expro Group from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday. Piper Sandler boosted their target price on Expro Group from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $23.00 target price (up from $22.00) on shares of Expro Group in a report on Monday, June 3rd.

Expro Group Stock Down 4.9 %

Shares of XPRO stock traded down $1.13 during mid-day trading on Thursday, hitting $22.09. The company’s stock had a trading volume of 1,117,042 shares, compared to its average volume of 982,817. 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 $22.32 and a 200 day moving average price of $20.16. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.56 and a current ratio of 1.90. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of -122.72, a PEG ratio of 2.20 and a beta of 1.02.

Insider Transactions at Expro Group

In other news, CTO Steven J. Russell sold 15,000 shares of the business’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 completion of the transaction, the chief technology officer now owns 84,873 shares in the company, valued at $1,952,927.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Lisa L. Troe sold 2,820 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $21.13, for a total transaction of $59,586.60. Following the completion of the sale, the director now owns 30,517 shares in the company, valued at $644,824.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Steven J. Russell sold 15,000 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $23.01, for a total value of $345,150.00. Following the sale, the chief technology officer now owns 84,873 shares of the company’s stock, valued at approximately $1,952,927.73. 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 quarter. 1.50% of the stock is currently owned by insiders.

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.