First Eagle Investment Management LLC Has $2.84 Million Stock Position in Geospace Technologies Co. (NASDAQ:GEOS)

First Eagle Investment Management LLC boosted its stake in shares of Geospace Technologies Co. (NASDAQ:GEOS - Free Report) by 1,200.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 283,321 shares of the oil and gas company's stock after purchasing an additional 261,530 shares during the quarter. First Eagle Investment Management LLC owned about 2.21% of Geospace Technologies worth $2,839,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Peapod Lane Capital LLC bought a new stake in Geospace Technologies during the fourth quarter worth approximately $2,542,000. State Street Corp boosted its position in Geospace Technologies by 12.4% during the third quarter. State Street Corp now owns 167,497 shares of the oil and gas company's stock worth $1,732,000 after purchasing an additional 18,469 shares during the period. De Lisle Partners LLP boosted its position in shares of Geospace Technologies by 4.7% in the third quarter. De Lisle Partners LLP now owns 144,234 shares of the oil and gas company's stock valued at $1,496,000 after acquiring an additional 6,486 shares during the period. Empowered Funds LLC boosted its position in shares of Geospace Technologies by 4.9% in the fourth quarter. Empowered Funds LLC now owns 48,238 shares of the oil and gas company's stock valued at $483,000 after acquiring an additional 2,236 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Geospace Technologies by 7.0% in the fourth quarter. Bank of New York Mellon Corp now owns 26,558 shares of the oil and gas company's stock worth $266,000 after purchasing an additional 1,739 shares during the period. Institutional investors own 57.15% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Geospace Technologies from a "sell" rating to a "hold" rating in a research note on Thursday, November 28th.

Geospace Technologies Stock Down 0.7 %

Geospace Technologies stock traded down $0.05 during mid-day trading on Thursday, hitting $7.46. 30,048 shares of the company were exchanged, compared to its average volume of 65,869. The business has a fifty day moving average of $8.69 and a 200 day moving average of $10.07. Geospace Technologies Co. has a 1-year low of $7.20 and a 1-year high of $14.83. The company has a market capitalization of $95.32 million, a PE ratio of -8.99 and a beta of 0.57.

Geospace Technologies (NASDAQ:GEOS - Get Free Report) last announced its earnings results on Wednesday, February 5th. The oil and gas company reported $0.65 earnings per share for the quarter. Geospace Technologies had a positive return on equity of 4.61% and a negative net margin of 8.86%.

Geospace Technologies Company Profile

Geospace Technologies Corporation designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data in order to locate, characterize, and monitor hydrocarbon producing reservoirs. The company operates through three segments: Oil and Gas Markets, Adjacent Markets, and Emerging Markets.