Geospace Technologies Co. (NASDAQ:GEOS) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lessened its holdings in Geospace Technologies Co. (NASDAQ:GEOS) by 34.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,012 shares of the oil and gas company’s stock after selling 12,394 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.19% of Geospace Technologies worth $241,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GEOS. Tieton Capital Management LLC lifted its position in Geospace Technologies by 22.5% during the fourth quarter. Tieton Capital Management LLC now owns 882,797 shares of the oil and gas company’s stock valued at $8,846,000 after purchasing an additional 161,905 shares during the period. First Eagle Investment Management LLC boosted its position in Geospace Technologies by 1,200.2% in the 4th quarter. First Eagle Investment Management LLC now owns 283,321 shares of the oil and gas company’s stock worth $2,839,000 after purchasing an additional 261,530 shares in the last quarter. Peapod Lane Capital LLC acquired a new stake in shares of Geospace Technologies during the 4th quarter worth approximately $2,542,000. State Street Corp increased its holdings in shares of Geospace Technologies by 12.4% during the 3rd quarter. State Street Corp now owns 167,497 shares of the oil and gas company’s stock valued at $1,732,000 after purchasing an additional 18,469 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Geospace Technologies by 4.9% in the 4th quarter. Empowered Funds LLC now owns 48,238 shares of the oil and gas company’s stock valued at $483,000 after purchasing an additional 2,236 shares during the period. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Geospace Technologies Price Performance

Geospace Technologies stock opened at $6.25 on Friday. The stock has a market capitalization of $79.86 million, a PE ratio of -7.53 and a beta of 0.20. The business has a 50 day simple moving average of $7.67 and a 200-day simple moving average of $9.65. Geospace Technologies Co. has a 12 month low of $5.77 and a 12 month high of $14.15.

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

Analyst Ratings Changes

Separately, StockNews.com cut Geospace Technologies from a “hold” rating to a “sell” rating in a research report on Monday, April 7th.

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.