Federated Hermes Inc. Reduces Stock Position in Expro Group Holdings (NYSE:XPRO)

Federated Hermes Inc. cut its stake in Expro Group Holdings (NYSE:XPRO) by 70.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 42,013 shares of the company’s stock after selling 98,336 shares during the quarter. Federated Hermes Inc.’s holdings in Expro Group were worth $524,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XPRO. Bryce Point Capital LLC purchased a new stake in shares of Expro Group in the fourth quarter worth about $1,527,000. Massachusetts Financial Services Co. MA lifted its stake in Expro Group by 19.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,925,259 shares of the company’s stock worth $24,008,000 after purchasing an additional 318,043 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Expro Group by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 10,236,260 shares of the company’s stock valued at $127,646,000 after purchasing an additional 260,914 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Expro Group during the 4th quarter valued at $222,000. Finally, Sei Investments Co. increased its holdings in shares of Expro Group by 66.6% in the fourth quarter. Sei Investments Co. now owns 50,950 shares of the company’s stock worth $635,000 after purchasing an additional 20,365 shares during the period. 92.07% of the stock is currently owned by institutional investors.

Expro Group Stock Performance

NYSE XPRO opened at $8.33 on Thursday. The company has a 50-day simple moving average of $10.62 and a two-hundred day simple moving average of $12.72. Expro Group Holdings has a 12-month low of $6.70 and a 12-month high of $24.50. The firm has a market cap of $969.43 million, a price-to-earnings ratio of 59.50, a PEG ratio of 1.28 and a beta of 0.98. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.09.

Analysts Set New Price Targets

XPRO has been the topic of a number of research analyst reports. Barclays decreased their price target on shares of Expro Group from $17.00 to $14.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. The Goldman Sachs Group dropped their price target on Expro Group from $17.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th.

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.