Geospace Technologies Corporation (GEOS) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lowered its position in shares of Geospace Technologies Corporation (NASDAQ:GEOS) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,272 shares of the oil and gas company’s stock after selling 350 shares during the quarter. Prudential Financial Inc. owned approximately 0.17% of Geospace Technologies Corporation worth $308,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GEOS. Metropolitan Life Insurance Co. NY raised its holdings in shares of Geospace Technologies Corporation by 40.0% during the first quarter. Metropolitan Life Insurance Co. NY now owns 11,054 shares of the oil and gas company’s stock valued at $179,000 after acquiring an additional 3,157 shares during the last quarter. State of Tennessee Treasury Department raised its holdings in shares of Geospace Technologies Corporation by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 12,424 shares of the oil and gas company’s stock valued at $202,000 after acquiring an additional 1,875 shares during the last quarter. Comerica Bank raised its holdings in shares of Geospace Technologies Corporation by 4.1% during the first quarter. Comerica Bank now owns 14,803 shares of the oil and gas company’s stock valued at $246,000 after acquiring an additional 581 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Geospace Technologies Corporation by 20.1% during the first quarter. Great West Life Assurance Co. Can now owns 19,112 shares of the oil and gas company’s stock valued at $310,000 after acquiring an additional 3,197 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Geospace Technologies Corporation by 9.0% during the second quarter. Legal & General Group Plc now owns 24,261 shares of the oil and gas company’s stock valued at $335,000 after acquiring an additional 2,007 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine raised Geospace Technologies Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd.

Geospace Technologies Corporation (NASDAQ:GEOS) opened at 17.00 on Friday. The firm’s market cap is $228.46 million. Geospace Technologies Corporation has a one year low of $13.08 and a one year high of $24.37. The firm’s 50 day moving average price is $16.42 and its 200-day moving average price is $15.44.

Geospace Technologies Corporation (NASDAQ:GEOS) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($1.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by ($0.71). The firm had revenue of $14.20 million for the quarter. Geospace Technologies Corporation had a negative return on equity of 21.79% and a negative net margin of 75.19%. Equities analysts predict that Geospace Technologies Corporation will post ($0.75) EPS for the current fiscal year.

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About Geospace Technologies Corporation

Geospace Technologies Corporation designs and manufactures instruments and equipment used by the oil and gas industry to acquire seismic data in order to locate, characterize and monitor hydrocarbon producing reservoirs. The Company also designs and manufactures non-seismic products, including industrial products, offshore cables and imaging equipment.

Institutional Ownership by Quarter for Geospace Technologies Corporation (NASDAQ:GEOS)

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