Barclays PLC Grows Stock Position in Geospace Technologies Co. (NASDAQ:GEOS)

Barclays PLC raised its holdings in Geospace Technologies Co. (NASDAQ:GEOS) by 278.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,622 shares of the oil and gas company’s stock after buying an additional 12,227 shares during the period. Barclays PLC owned about 0.13% of Geospace Technologies worth $172,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE boosted its holdings in Geospace Technologies by 120.0% in 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 in the last quarter. State Street Corp boosted its holdings in 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 in the last quarter. Empowered Funds LLC boosted its holdings in 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 in the last quarter. Bank of New York Mellon Corp purchased a new stake in Geospace Technologies in the 2nd quarter valued at approximately $314,000. Finally, Renaissance Technologies LLC boosted its holdings in Geospace Technologies by 14.8% in the 2nd quarter. Renaissance Technologies LLC now owns 47,200 shares of the oil and gas company’s stock valued at $424,000 after purchasing an additional 6,100 shares in the last quarter. Institutional investors and hedge funds own 57.15% of the company’s stock.

Geospace Technologies Price Performance

Shares of NASDAQ:GEOS opened at $9.45 on Thursday. The business’s 50 day simple moving average is $10.63 and its 200-day simple moving average is $10.34. The firm has a market capitalization of $121.15 million, a price-to-earnings ratio of -17.50 and a beta of 0.60. Geospace Technologies Co. has a 12 month low of $8.09 and a 12 month high of $17.09.

Geospace Technologies (NASDAQ:GEOS) last issued its quarterly earnings data on Thursday, November 21st. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter. Geospace Technologies had a positive return on equity of 7.65% and a negative net margin of 4.85%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised 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.