Barclays PLC Acquires 12,227 Shares of Geospace Technologies Co. (NASDAQ:GEOS)

Barclays PLC increased its holdings in shares of Geospace Technologies Co. (NASDAQ:GEOS) by 278.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,622 shares of the oil and gas company’s stock after purchasing an additional 12,227 shares during the period. Barclays PLC owned approximately 0.13% of Geospace Technologies worth $172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GEOS. BNP Paribas Financial Markets lifted its stake in Geospace Technologies by 40.7% in the third quarter. BNP Paribas Financial Markets now owns 3,016 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 872 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Geospace Technologies in the 2nd quarter valued at $113,000. EagleClaw Capital Managment LLC acquired a new position in Geospace Technologies in the 3rd quarter worth $114,000. Rhumbline Advisers increased its holdings 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 purchasing an additional 14,224 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Geospace Technologies in the 2nd quarter valued at about $314,000. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Geospace Technologies Stock Up 0.3 %

Shares of GEOS opened at $9.97 on Wednesday. The company has a 50 day moving average of $11.17 and a 200-day moving average of $10.27. The stock has a market capitalization of $127.81 million, a P/E ratio of -18.46 and a beta of 0.60. Geospace Technologies Co. has a twelve month low of $8.09 and a twelve month high of $17.09.

Wall Street Analysts Forecast Growth

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

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.