Verdence Capital Advisors LLC Decreases Stock Position in Expro Group Holdings (NYSE:XPRO)

Verdence Capital Advisors LLC lowered its position in shares of Expro Group Holdings (NYSE:XPRO) by 12.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,482 shares of the company’s stock after selling 1,870 shares during the period. Verdence Capital Advisors LLC’s holdings in Expro Group were worth $168,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. State Street Corp increased its stake in Expro Group by 7.6% during the 3rd quarter. State Street Corp now owns 2,692,260 shares of the company’s stock worth $46,226,000 after buying an additional 189,085 shares during the period. Geode Capital Management LLC grew its stake in shares of Expro Group by 9.4% during the third quarter. Geode Capital Management LLC now owns 2,326,582 shares of the company’s stock valued at $39,956,000 after acquiring an additional 199,554 shares in the last quarter. Jennison Associates LLC increased its position in shares of Expro Group by 4.2% during the third quarter. Jennison Associates LLC now owns 2,286,181 shares of the company’s stock worth $39,254,000 after acquiring an additional 91,961 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Expro Group in the third quarter worth about $26,481,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Expro Group by 10.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,157,555 shares of the company’s stock valued at $14,435,000 after purchasing an additional 104,826 shares during the last quarter. 92.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Expro Group news, Director Robert Wayne Drummond, Jr. bought 18,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were bought at an average cost of $11.39 per share, with a total value of $205,020.00. Following the completion of the acquisition, the director now owns 69,181 shares of the company’s stock, valued at approximately $787,971.59. This trade represents a 35.17 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Jardon purchased 45,200 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average cost of $10.91 per share, with a total value of $493,132.00. Following the completion of the acquisition, the chief executive officer now directly owns 336,674 shares in the company, valued at approximately $3,673,113.34. This trade represents a 15.51 % increase in their position. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by company insiders.

Expro Group Stock Up 4.1 %

NYSE:XPRO opened at $10.64 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 company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 76.03, a price-to-earnings-growth ratio of 1.28 and a beta of 1.12. Expro Group Holdings has a one year low of $9.85 and a one year high of $24.50. The stock has a 50-day simple moving average of $13.02 and a 200 day simple moving average of $14.57.

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.