Goldman Sachs Group Inc. Has $143,000 Stock Holdings in Geospace Technologies Corporation $GEOS

Goldman Sachs Group Inc. lessened its stake in shares of Geospace Technologies Corporation (NASDAQ:GEOS) by 39.8% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 19,801 shares of the oil and gas company’s stock after selling 13,105 shares during the quarter. Goldman Sachs Group Inc. owned about 0.15% of Geospace Technologies worth $143,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of Geospace Technologies by 45.0% during the 4th quarter. Bank of America Corp DE now owns 12,191 shares of the oil and gas company’s stock worth $122,000 after buying an additional 3,782 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Geospace Technologies by 8.2% during the 1st quarter. Empowered Funds LLC now owns 52,207 shares of the oil and gas company’s stock worth $376,000 after buying an additional 3,969 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Geospace Technologies by 15.2% during the 1st quarter. Bank of New York Mellon Corp now owns 30,601 shares of the oil and gas company’s stock worth $221,000 after buying an additional 4,043 shares during the last quarter. Nuveen LLC acquired a new stake in Geospace Technologies in the 1st quarter worth about $120,000. Finally, Peapod Lane Capital LLC raised its stake in Geospace Technologies by 10.4% in the 1st quarter. Peapod Lane Capital LLC now owns 280,051 shares of the oil and gas company’s stock worth $2,019,000 after purchasing an additional 26,399 shares in the last quarter. Institutional investors and hedge funds own 57.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Geospace Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th.

Geospace Technologies Trading Up 0.4%

Shares of NASDAQ:GEOS opened at $19.16 on Tuesday. The firm has a 50 day moving average of $17.31 and a 200-day moving average of $11.39. The stock has a market capitalization of $245.63 million, a PE ratio of -18.08 and a beta of 0.70. Geospace Technologies Corporation has a 12 month low of $5.51 and a 12 month high of $21.90.

Geospace Technologies (NASDAQ:GEOS) last issued its earnings results on Thursday, August 7th. The oil and gas company reported $0.06 EPS for the quarter. Geospace Technologies had a negative net margin of 11.70% and a positive return on equity of 2.77%.

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.