WINTON GROUP Ltd Takes Position in Geospace Technologies Co. (NASDAQ:GEOS)

WINTON GROUP Ltd purchased a new stake in Geospace Technologies Co. (NASDAQ:GEOS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,588 shares of the oil and gas company’s stock, valued at approximately $113,000. WINTON GROUP Ltd owned 0.09% of Geospace Technologies at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Acadian Asset Management LLC increased its stake in shares of Geospace Technologies by 18.1% in the second quarter. Acadian Asset Management LLC now owns 226,366 shares of the oil and gas company’s stock valued at $2,027,000 after buying an additional 34,762 shares during the period. Rhumbline Advisers increased its stake in shares of Geospace Technologies by 2,370.7% in the second quarter. Rhumbline Advisers now owns 14,824 shares of the oil and gas company’s stock valued at $133,000 after buying an additional 14,224 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Geospace Technologies in the second quarter valued at about $314,000. Grace & White Inc. NY increased its stake in shares of Geospace Technologies by 215.6% in the second quarter. Grace & White Inc. NY now owns 187,344 shares of the oil and gas company’s stock valued at $1,682,000 after buying an additional 127,974 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Geospace Technologies by 69.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 69,558 shares of the oil and gas company’s stock valued at $917,000 after buying an additional 28,539 shares during the period. Institutional investors and hedge funds own 57.15% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Geospace Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, September 7th.

Geospace Technologies Price Performance

Shares of Geospace Technologies stock opened at $10.28 on Thursday. Geospace Technologies Co. has a one year low of $8.09 and a one year high of $17.09. The stock’s 50-day moving average is $9.52 and its 200 day moving average is $10.70. The firm has a market cap of $132.71 million, a price-to-earnings ratio of 8.64 and a beta of 0.63.

Geospace Technologies (NASDAQ:GEOS) last announced its earnings results on Thursday, August 8th. The oil and gas company reported ($0.16) EPS for the quarter. Geospace Technologies had a net margin of 8.28% and a return on equity of 7.68%. The business had revenue of $25.86 million for the quarter.

About Geospace Technologies

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.