US Bancorp DE boosted its holdings in Geospace Technologies Co. (NASDAQ:GEOS - Free Report) by 120.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,033 shares of the oil and gas company's stock after acquiring an additional 38,752 shares during the period. US Bancorp DE owned 0.53% of Geospace Technologies worth $734,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Grace & White Inc. NY lifted its stake in Geospace Technologies by 215.6% in the second quarter. Grace & White Inc. NY now owns 187,344 shares of the oil and gas company's stock worth $1,682,000 after acquiring an additional 127,974 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Geospace Technologies in the 2nd quarter worth $314,000. Acadian Asset Management LLC raised its stake in shares of Geospace Technologies by 18.1% during the 2nd quarter. Acadian Asset Management LLC now owns 226,366 shares of the oil and gas company's stock worth $2,027,000 after buying an additional 34,762 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Geospace Technologies by 69.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 69,558 shares of the oil and gas company's stock valued at $917,000 after purchasing an additional 28,539 shares during the period. Finally, Avantax Advisory Services Inc. acquired a new stake in Geospace Technologies in the first quarter valued at $215,000. 57.15% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Geospace Technologies from a "hold" rating to a "sell" rating in a research report on Thursday, October 24th.
Read Our Latest Stock Report on Geospace Technologies
Geospace Technologies Stock Up 0.9 %
GEOS stock traded up $0.12 during trading on Friday, hitting $13.25. 44,513 shares of the company's stock traded hands, compared to its average volume of 30,584. The stock has a fifty day moving average price of $10.72 and a two-hundred day moving average price of $10.21. Geospace Technologies Co. has a 52 week low of $8.09 and a 52 week high of $17.09. The stock has a market capitalization of $171.06 million, a price-to-earnings ratio of 16.77 and a beta of 0.62.
Geospace Technologies (NASDAQ:GEOS - Get Free Report) last posted its earnings results on Thursday, August 8th. The oil and gas company reported ($0.16) EPS for the quarter. The business had revenue of $25.86 million during the quarter. Geospace Technologies had a net margin of 8.28% and a return on equity of 7.68%.
Geospace Technologies Company Profile
(
Free Report)
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.
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