Leeward Investments LLC MA Takes $7.03 Million Position in Expro Group Holdings (NYSE:XPRO)

Leeward Investments LLC MA acquired a new position in shares of Expro Group Holdings (NYSE:XPRO) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 563,419 shares of the company’s stock, valued at approximately $7,026,000. Leeward Investments LLC MA owned 0.48% of Expro Group as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in Expro Group during the 4th quarter worth about $27,000. KBC Group NV boosted its position in shares of Expro Group by 75.3% during the fourth quarter. KBC Group NV now owns 5,968 shares of the company’s stock worth $74,000 after buying an additional 2,563 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Expro Group during the third quarter worth about $171,000. Entropy Technologies LP acquired a new stake in Expro Group in the 4th quarter valued at approximately $173,000. Finally, MQS Management LLC bought a new stake in Expro Group in the 3rd quarter valued at approximately $205,000. 92.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on XPRO. The Goldman Sachs Group assumed coverage on Expro Group in a research report on Friday, December 13th. They set a “neutral” rating and a $18.00 price target for the company. Barclays reduced their target price on shares of Expro Group from $28.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, October 28th.

Expro Group Stock Performance

XPRO opened at $13.04 on Monday. The business’s 50-day simple moving average is $13.05 and its 200 day simple moving average is $15.11. Expro Group Holdings has a 52-week low of $10.71 and a 52-week high of $24.50. 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 firm has a market capitalization of $1.53 billion, a PE ratio of 93.11, a PEG ratio of 1.28 and a beta of 0.99.

Insiders Place Their Bets

In other news, CEO Michael Jardon bought 45,200 shares of the firm’s stock in a transaction that occurred on 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 purchase, the chief executive officer now owns 336,674 shares of the company’s stock, valued at $3,673,113.34. This represents a 15.51 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert Wayne Drummond, Jr. purchased 18,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of $11.39 per share, for a total transaction of $205,020.00. Following the completion of the transaction, the director now directly owns 69,181 shares of the company’s stock, valued at approximately $787,971.59. This represents a 35.17 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.50% of the company’s stock.

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.