Algert Global LLC Sells 9,600 Shares of Ion Geophysical Corporation (IO)
Algert Global LLC decreased its position in Ion Geophysical Corporation (NYSE:IO) by 22.3% during the second quarter, Holdings Channel reports. The fund owned 33,359 shares of the oil and gas company’s stock after selling 9,600 shares during the period. Algert Global LLC’s holdings in Ion Geophysical Corporation were worth $145,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Ion Geophysical Corporation by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 267,254 shares of the oil and gas company’s stock worth $1,604,000 after buying an additional 1,508 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Ion Geophysical Corporation by 69.6% in the fourth quarter. Renaissance Technologies LLC now owns 259,106 shares of the oil and gas company’s stock worth $1,555,000 after buying an additional 106,324 shares during the last quarter. Norges Bank bought a new stake in Ion Geophysical Corporation during the fourth quarter worth $508,000. JPMorgan Chase & Co. boosted its stake in Ion Geophysical Corporation by 0.5% in the first quarter. JPMorgan Chase & Co. now owns 95,783 shares of the oil and gas company’s stock worth $464,000 after buying an additional 481 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in Ion Geophysical Corporation by 4.0% in the first quarter. Neuberger Berman Group LLC now owns 186,140 shares of the oil and gas company’s stock worth $903,000 after buying an additional 7,090 shares during the last quarter. 35.51% of the stock is owned by institutional investors.
Shares of Ion Geophysical Corporation (NYSE IO) opened at 5.40 on Friday. Ion Geophysical Corporation has a 52-week low of $3.20 and a 52-week high of $8.40. The firm’s 50-day moving average price is $4.03 and its 200-day moving average price is $4.50. The firm’s market capitalization is $64.17 million.
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Separately, ValuEngine raised Ion Geophysical Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th.
About Ion Geophysical Corporation
ION Geophysical Corporation is a technology-focused company. It provides geophysical technology, services and solutions to the global oil and gas industry. Its offerings are designed to enable oil and gas exploration and production (E&P) companies to obtain images of the Earth’s subsurface. It offers services and products through three segments: E&P Technology & Services, E&P Operations Optimization, and Ocean Bottom Services.
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