Expro Group Holdings (NYSE:XPRO) Shares Purchased by Legato Capital Management LLC

Legato Capital Management LLC grew its holdings in Expro Group Holdings (NYSE:XPRO) by 8.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,301 shares of the company’s stock after purchasing an additional 3,610 shares during the quarter. Legato Capital Management LLC’s holdings in Expro Group were worth $552,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. R Squared Ltd acquired a new stake in shares of Expro Group in the fourth quarter valued at approximately $27,000. KBC Group NV grew its holdings in 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 buying an additional 2,563 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Expro Group during the 3rd quarter valued at about $171,000. Entropy Technologies LP acquired a new position in shares of Expro Group during the 4th quarter valued at about $173,000. Finally, MQS Management LLC acquired a new position in shares of Expro Group during the 3rd quarter valued at about $205,000. 92.07% of the stock is owned by hedge funds and other institutional investors.

Expro Group Price Performance

Expro Group stock opened at $13.48 on Friday. The company’s 50 day simple moving average is $12.84 and its 200-day simple moving average is $15.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.98. Expro Group Holdings has a 1 year low of $10.71 and a 1 year high of $24.50. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 96.32, a price-to-earnings-growth ratio of 1.20 and a beta of 0.99.

Insider Activity at Expro Group

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

Analysts Set New Price Targets

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

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.