Hsbc Holdings PLC Cuts Stock Holdings in Expro Group Holdings (NYSE:XPRO)

Hsbc Holdings PLC lessened its holdings in Expro Group Holdings (NYSE:XPRO) by 11.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,433 shares of the company’s stock after selling 1,434 shares during the period. Hsbc Holdings PLC’s holdings in Expro Group were worth $143,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XPRO. JPMorgan Chase & Co. boosted its position in shares of Expro Group by 479.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 251,883 shares of the company’s stock worth $4,325,000 after purchasing an additional 208,443 shares in the last quarter. Barclays PLC boosted its holdings in Expro Group by 40.1% in the third quarter. Barclays PLC now owns 473,492 shares of the company’s stock worth $8,129,000 after acquiring an additional 135,481 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Expro Group by 19.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,925,259 shares of the company’s stock worth $24,008,000 after acquiring an additional 318,043 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Expro Group by 66.6% during the fourth quarter. Sei Investments Co. now owns 50,950 shares of the company’s stock valued at $635,000 after acquiring an additional 20,365 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Expro Group by 58.5% in the 4th quarter. Invesco Ltd. now owns 222,519 shares of the company’s stock valued at $2,775,000 after purchasing an additional 82,142 shares during the last quarter. 92.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on XPRO shares. The Goldman Sachs Group cut their price target on shares of Expro Group from $17.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Barclays reduced their target price on Expro Group from $14.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, May 7th.

Expro Group Price Performance

Shares of NYSE:XPRO opened at $8.25 on Monday. The company has a current ratio of 1.98, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Expro Group Holdings has a twelve month low of $6.70 and a twelve month high of $24.50. The company’s 50 day moving average is $9.07 and its 200 day moving average is $11.63. The company has a market cap of $951.98 million, a PE ratio of 58.93, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17.

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.