Clearbridge Investments LLC Decreases Holdings in Expro Group Holdings (NYSE:XPRO)

Clearbridge Investments LLC trimmed its position in shares of Expro Group Holdings (NYSE:XPRO) by 37.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,155,610 shares of the company’s stock after selling 693,092 shares during the quarter. Clearbridge Investments LLC owned 0.98% of Expro Group worth $14,410,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in XPRO. R Squared Ltd purchased a new position in shares of Expro Group during the fourth quarter valued at $27,000. US Bancorp DE increased its stake in Expro Group by 56.0% during the 4th quarter. US Bancorp DE now owns 4,171 shares of the company’s stock valued at $52,000 after purchasing an additional 1,497 shares in the last quarter. KBC Group NV increased its position in shares of Expro Group by 75.3% in the 4th quarter. KBC Group NV now owns 5,968 shares of the company’s stock valued at $74,000 after acquiring an additional 2,563 shares during the period. Entropy Technologies LP purchased a new position in shares of Expro Group in the fourth quarter worth about $173,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Expro Group during the 4th quarter valued at approximately $222,000. 92.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on XPRO shares. The Goldman Sachs Group began coverage on shares of Expro Group in a research note on Friday, December 13th. They set a “neutral” rating and a $18.00 price objective on the stock. Barclays reduced their target price on Expro Group from $17.00 to $14.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th.

Expro Group Stock Up 0.6 %

Shares of XPRO opened at $10.00 on Thursday. Expro Group Holdings has a 1 year low of $9.66 and a 1 year high of $24.50. The company’s 50-day simple moving average is $11.87 and its 200-day simple moving average is $13.46. The stock has a market capitalization of $1.16 billion, a PE ratio of 71.43, a P/E/G ratio of 1.28 and a beta of 1.12. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98.

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.