Avantax Advisory Services Inc. Sells 2,983 Shares of Geospace Technologies Co. (NASDAQ:GEOS)

Avantax Advisory Services Inc. cut its position in shares of Geospace Technologies Co. (NASDAQ:GEOS) by 17.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,183 shares of the oil and gas company’s stock after selling 2,983 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Geospace Technologies were worth $142,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in shares of Geospace Technologies by 40.7% in 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 acquiring an additional 872 shares in the last quarter. EagleClaw Capital Managment LLC grew its stake in 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 valued at $137,000 after purchasing an additional 2,700 shares in the last quarter. Barclays PLC increased its position in shares of Geospace Technologies by 278.2% during the 3rd quarter. Barclays PLC now owns 16,622 shares of the oil and gas company’s stock worth $172,000 after purchasing an additional 12,227 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of 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 worth $266,000 after purchasing an additional 1,739 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings 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 buying an additional 2,236 shares during the last quarter. Institutional investors and hedge funds own 57.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Geospace Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th.

Geospace Technologies Trading Down 1.3 %

Shares of NASDAQ GEOS opened at $7.39 on Friday. Geospace Technologies Co. has a 12 month low of $7.20 and a 12 month high of $14.83. The stock has a 50 day moving average of $8.39 and a 200-day moving average of $9.97. The company has a market capitalization of $94.42 million, a P/E ratio of -8.90 and a beta of 0.57.

Geospace Technologies (NASDAQ:GEOS) last released its quarterly earnings data 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%.

Geospace Technologies 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.