Geospace Technologies Co. (NASDAQ:GEOS) Stock Holdings Increased by State Street Corp

State Street Corp grew its position in shares of Geospace Technologies Co. (NASDAQ:GEOS) by 12.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 167,497 shares of the oil and gas company’s stock after buying an additional 18,469 shares during the quarter. State Street Corp owned approximately 1.30% of Geospace Technologies worth $1,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of GEOS. De Lisle Partners LLP boosted its position in Geospace Technologies by 4.7% during the third quarter. De Lisle Partners LLP now owns 144,234 shares of the oil and gas company’s stock worth $1,496,000 after purchasing an additional 6,486 shares during the period. BNP Paribas Financial Markets raised its stake in Geospace Technologies by 40.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,016 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 872 shares during the last quarter. EagleClaw Capital Managment LLC bought a new position in Geospace Technologies in the third quarter worth $114,000. Empowered Funds LLC grew its stake in shares of Geospace Technologies by 59.2% in the 3rd quarter. Empowered Funds LLC now owns 46,002 shares of the oil and gas company’s stock valued at $476,000 after purchasing an additional 17,098 shares during the period. Finally, US Bancorp DE lifted its holdings in Geospace Technologies by 120.0% during the 3rd quarter. US Bancorp DE now owns 71,033 shares of the oil and gas company’s stock valued at $734,000 after purchasing an additional 38,752 shares during the last quarter. Institutional investors own 57.15% of the company’s stock.

Analyst Upgrades and Downgrades

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

Geospace Technologies Stock Down 1.1 %

Shares of GEOS stock opened at $10.02 on Thursday. Geospace Technologies Co. has a 12-month low of $8.09 and a 12-month high of $17.09. The firm has a fifty day moving average of $11.25 and a 200-day moving average of $10.24. The firm has a market capitalization of $127.34 million, a price-to-earnings ratio of -18.56 and a beta of 0.60.

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.