Essex Investment Management Co. LLC Trims Stock Position in Geospace Technologies Co. (NASDAQ:GEOS)

Essex Investment Management Co. LLC trimmed its holdings in Geospace Technologies Co. (NASDAQ:GEOS) by 10.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,497 shares of the oil and gas company’s stock after selling 2,257 shares during the period. Essex Investment Management Co. LLC’s holdings in Geospace Technologies were worth $195,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GEOS. US Bancorp DE raised its position in Geospace Technologies by 120.0% during the third quarter. US Bancorp DE now owns 71,033 shares of the oil and gas company’s stock valued at $734,000 after acquiring an additional 38,752 shares in the last quarter. Barclays PLC increased its holdings in shares of Geospace Technologies by 278.2% during the 3rd quarter. Barclays PLC now owns 16,622 shares of the oil and gas company’s stock valued at $172,000 after purchasing an additional 12,227 shares in the last quarter. State Street Corp lifted its stake in shares of Geospace Technologies by 12.4% in the 3rd quarter. State Street Corp now owns 167,497 shares of the oil and gas company’s stock valued at $1,732,000 after purchasing an additional 18,469 shares during the period. Empowered Funds LLC boosted its holdings in Geospace Technologies by 59.2% during the third quarter. Empowered Funds LLC now owns 46,002 shares of the oil and gas company’s stock worth $476,000 after buying an additional 17,098 shares in the last quarter. Finally, Peapod Lane Capital LLC purchased a new stake in Geospace Technologies during the fourth quarter worth $2,542,000. 57.15% of the stock is owned by institutional investors and hedge funds.

Geospace Technologies Trading Up 0.5 %

Shares of GEOS stock opened at $7.47 on Monday. Geospace Technologies Co. has a 12-month low of $7.29 and a 12-month high of $14.83. The business’s 50 day moving average is $9.11 and its two-hundred day moving average is $10.22. The company has a market capitalization of $95.44 million, a P/E ratio of -9.00 and a beta of 0.57.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Geospace Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th.

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.