Victory Capital Management Inc. Decreases Stock Holdings in Geospace Technologies Co. (NASDAQ:GEOS)

Victory Capital Management Inc. decreased its holdings in Geospace Technologies Co. (NASDAQ:GEOS) by 8.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,401 shares of the oil and gas company’s stock after selling 13,375 shares during the quarter. Victory Capital Management Inc. owned about 1.10% of Geospace Technologies worth $1,472,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Grace & White Inc. NY boosted its stake in Geospace Technologies by 215.6% in the 2nd quarter. Grace & White Inc. NY now owns 187,344 shares of the oil and gas company’s stock worth $1,682,000 after purchasing an additional 127,974 shares in the last quarter. US Bancorp DE boosted 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 worth $734,000 after buying an additional 38,752 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Geospace Technologies during the 2nd quarter valued at $314,000. Acadian Asset Management LLC increased its position in 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 worth $2,027,000 after buying an additional 34,762 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Geospace Technologies by 2,370.7% during the 2nd quarter. Rhumbline Advisers now owns 14,824 shares of the oil and gas company’s stock worth $133,000 after acquiring an additional 14,224 shares during the period. Institutional investors own 57.15% of the company’s stock.

Geospace Technologies Stock Performance

NASDAQ GEOS opened at $10.84 on Tuesday. The stock has a 50 day moving average price of $11.33 and a 200-day moving average price of $10.18. Geospace Technologies Co. has a one year low of $8.09 and a one year high of $17.09. The company has a market capitalization of $139.94 million, a P/E ratio of -20.07 and a beta of 0.62.

Wall Street Analysts Forecast Growth

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

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.