American Century Companies Inc. Reduces Holdings in Geospace Technologies Co. (NASDAQ:GEOS)

American Century Companies Inc. reduced its holdings in shares of Geospace Technologies Co. (NASDAQ:GEOS) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,119 shares of the oil and gas company’s stock after selling 7,606 shares during the period. American Century Companies Inc. owned about 1.13% of Geospace Technologies worth $1,454,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GEOS. BNP Paribas Financial Markets raised its stake in Geospace Technologies by 40.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,016 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 872 shares during the period. Bank of New York Mellon Corp grew its holdings in Geospace Technologies by 7.0% during the 4th quarter. Bank of New York Mellon Corp now owns 26,558 shares of the oil and gas company’s stock valued at $266,000 after purchasing an additional 1,739 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Geospace Technologies by 4.9% in the fourth quarter. Empowered Funds LLC now owns 48,238 shares of the oil and gas company’s stock worth $483,000 after buying an additional 2,236 shares during the period. EagleClaw Capital Managment LLC grew its holdings in shares of Geospace Technologies by 24.5% in the fourth quarter. EagleClaw Capital Managment LLC now owns 13,700 shares of the oil and gas company’s stock worth $137,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Geospace Technologies by 278.2% during the third quarter. Barclays PLC now owns 16,622 shares of the oil and gas company’s stock worth $172,000 after acquiring an additional 12,227 shares during the period. 57.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Geospace Technologies from a “hold” rating to a “sell” rating in a research report on Monday.

Geospace Technologies Stock Performance

NASDAQ GEOS opened at $6.61 on Thursday. The stock has a 50-day simple moving average of $7.79 and a two-hundred day simple moving average of $9.71. The firm has a market capitalization of $84.46 million, a P/E ratio of -7.96 and a beta of 0.20. Geospace Technologies Co. has a fifty-two week low of $5.77 and a fifty-two week high of $14.15.

Geospace Technologies (NASDAQ:GEOS) last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas company reported $0.65 earnings per share for the quarter. Geospace Technologies had a negative net margin of 8.86% and a positive return on equity of 4.61%.

Geospace Technologies Company 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.