Geospace Technologies Corporation (NASDAQ:GEOS) Stake Lifted by Geode Capital Management LLC

Geode Capital Management LLC increased its position in Geospace Technologies Corporation (NASDAQ:GEOS) by 5.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,010 shares of the oil and gas company’s stock after acquiring an additional 5,742 shares during the period. Geode Capital Management LLC owned approximately 0.81% of Geospace Technologies Corporation worth $1,769,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in GEOS. Tiedemann Wealth Management LLC lifted its stake in shares of Geospace Technologies Corporation by 7.2% during the 1st quarter. Tiedemann Wealth Management LLC now owns 12,300 shares of the oil and gas company’s stock worth $200,000 after purchasing an additional 825 shares during the period. State of Tennessee Treasury Department raised its position in shares of Geospace Technologies Corporation by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 12,424 shares of the oil and gas company’s stock worth $202,000 after buying an additional 1,875 shares during the period. Comerica Bank raised its position in shares of Geospace Technologies Corporation by 4.1% in the 1st quarter. Comerica Bank now owns 14,803 shares of the oil and gas company’s stock worth $246,000 after buying an additional 581 shares during the period. Great West Life Assurance Co. Can raised its position in shares of Geospace Technologies Corporation by 20.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 19,112 shares of the oil and gas company’s stock worth $310,000 after buying an additional 3,197 shares during the period. Finally, Teachers Advisors LLC raised its position in shares of Geospace Technologies Corporation by 6.3% in the 4th quarter. Teachers Advisors LLC now owns 20,770 shares of the oil and gas company’s stock worth $423,000 after buying an additional 1,234 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Separately, ValuEngine raised Geospace Technologies Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd.

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Geospace Technologies Corporation (GEOS) opened at 16.38 on Friday. The stock’s market capitalization is $220.13 million. The firm has a 50-day moving average price of $15.20 and a 200 day moving average price of $15.15. Geospace Technologies Corporation has a 52-week low of $13.08 and a 52-week high of $24.37.

Geospace Technologies Corporation (NASDAQ:GEOS) last posted its earnings results on Thursday, August 3rd. The oil and gas company reported ($1.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.38) by ($0.71). Geospace Technologies Corporation had a negative return on equity of 21.79% and a negative net margin of 75.19%. The business had revenue of $14.20 million for the quarter. On average, equities research analysts predict that Geospace Technologies Corporation will post ($0.75) EPS for the current year.

Geospace Technologies Corporation Company Profile

Geospace Technologies Corporation designs and manufactures instruments and equipment used by the oil and gas industry to acquire seismic data in order to locate, characterize and monitor hydrocarbon producing reservoirs. The Company also designs and manufactures non-seismic products, including industrial products, offshore cables and imaging equipment.

Institutional Ownership by Quarter for Geospace Technologies Corporation (NASDAQ:GEOS)

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