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

Victory Capital Management Inc. reduced its stake in Geospace Technologies Co. (NASDAQ:GEOS) by 8.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 142,401 shares of the oil and gas company’s stock after selling 13,375 shares during the period. Victory Capital Management Inc.’s holdings in Geospace Technologies were worth $1,472,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. WINTON GROUP Ltd purchased a new stake in Geospace Technologies in the second quarter valued at $113,000. Rhumbline Advisers lifted its stake in Geospace Technologies by 2,370.7% in the 2nd quarter. Rhumbline Advisers now owns 14,824 shares of the oil and gas company’s stock valued at $133,000 after buying an additional 14,224 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Geospace Technologies in the 2nd quarter valued at $314,000. Renaissance Technologies LLC raised its holdings in Geospace Technologies by 14.8% in the 2nd quarter. Renaissance Technologies LLC now owns 47,200 shares of the oil and gas company’s stock valued at $424,000 after acquiring an additional 6,100 shares during the last quarter. Finally, US Bancorp DE lifted its position in Geospace Technologies by 120.0% during 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 in the last quarter. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Geospace Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th.

Geospace Technologies Trading Down 3.8 %

GEOS stock opened at $10.84 on Tuesday. The company has a market capitalization of $139.94 million, a PE ratio of -20.07 and a beta of 0.62. The business’s fifty day moving average price is $11.33 and its 200 day moving average price is $10.18. Geospace Technologies Co. has a 12-month low of $8.09 and a 12-month high of $17.09.

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.