Geospace Technologies Co. (NASDAQ:GEOS) Holdings Increased by Empowered Funds LLC

Empowered Funds LLC lifted its stake in Geospace Technologies Co. (NASDAQ:GEOS) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,238 shares of the oil and gas company’s stock after acquiring an additional 2,236 shares during the period. Empowered Funds LLC’s holdings in Geospace Technologies were worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in GEOS. US Bancorp DE lifted its holdings in shares of Geospace Technologies by 120.0% in the third quarter. US Bancorp DE now owns 71,033 shares of the oil and gas company’s stock valued at $734,000 after buying an additional 38,752 shares during the period. State Street Corp grew its holdings 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 acquiring an additional 18,469 shares during the period. Barclays PLC raised its position in Geospace Technologies by 278.2% in the third quarter. Barclays PLC now owns 16,622 shares of the oil and gas company’s stock worth $172,000 after acquiring an additional 12,227 shares in the last quarter. EagleClaw Capital Managment LLC acquired a new stake in Geospace Technologies in the 3rd quarter valued at about $114,000. Finally, De Lisle Partners LLP boosted its position in shares of Geospace Technologies by 4.7% during the 3rd quarter. De Lisle Partners LLP now owns 144,234 shares of the oil and gas company’s stock valued at $1,496,000 after purchasing an additional 6,486 shares in the last quarter. 57.15% of the stock is currently owned by institutional investors.

Geospace Technologies Stock Performance

NASDAQ GEOS opened at $8.91 on Thursday. Geospace Technologies Co. has a 1 year low of $8.03 and a 1 year high of $14.83. The business’s fifty day moving average is $9.62 and its two-hundred day moving average is $10.30. The stock has a market capitalization of $113.84 million, a P/E ratio of -10.73 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%.

Wall Street Analysts Forecast Growth

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

Geospace Technologies 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.