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

Empowered Funds LLC grew its holdings in Geospace Technologies Co. (NASDAQ:GEOS) by 59.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,002 shares of the oil and gas company’s stock after purchasing an additional 17,098 shares during the period. Empowered Funds LLC owned approximately 0.36% of Geospace Technologies worth $476,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE increased its stake 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 worth $734,000 after acquiring an additional 38,752 shares during the last quarter. Grace & White Inc. NY increased its position in Geospace Technologies by 15.3% in the 3rd quarter. Grace & White Inc. NY now owns 216,096 shares of the oil and gas company’s stock worth $2,234,000 after purchasing an additional 28,752 shares during the last quarter. Glenorchy Capital Ltd raised its stake in shares of Geospace Technologies by 2.7% during the 3rd quarter. Glenorchy Capital Ltd now owns 186,217 shares of the oil and gas company’s stock worth $1,925,000 after purchasing an additional 4,824 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Geospace Technologies by 14.8% during the 2nd quarter. Renaissance Technologies LLC now owns 47,200 shares of the oil and gas company’s stock valued at $424,000 after buying an additional 6,100 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of Geospace Technologies in the 2nd quarter valued at approximately $113,000. Institutional investors and hedge funds own 57.15% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Geospace Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th.

Geospace Technologies Trading Down 17.3 %

NASDAQ GEOS opened at $11.27 on Monday. Geospace Technologies Co. has a 1 year low of $8.09 and a 1 year high of $17.09. The company has a fifty day simple moving average of $11.32 and a 200 day simple moving average of $10.22. The company has a market cap of $145.50 million, a P/E ratio of -20.87 and a beta of 0.62.

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.