Comerica Bank decreased its position in shares of Geospace Technologies Corporation (NASDAQ:GEOS) by 5.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,009 shares of the oil and gas company’s stock after selling 794 shares during the period. Comerica Bank owned approximately 0.10% of Geospace Technologies Corporation worth $192,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of Geospace Technologies Corporation by 4.3% during the first quarter. Bank of New York Mellon Corp now owns 675,253 shares of the oil and gas company’s stock valued at $10,960,000 after purchasing an additional 27,690 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Geospace Technologies Corporation by 9.2% during the first quarter. Vanguard Group Inc. now owns 634,973 shares of the oil and gas company’s stock valued at $10,305,000 after purchasing an additional 53,427 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Geospace Technologies Corporation by 7.1% during the first quarter. Dimensional Fund Advisors LP now owns 357,941 shares of the oil and gas company’s stock valued at $5,809,000 after purchasing an additional 23,618 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Geospace Technologies Corporation by 0.3% during the first quarter. Ameriprise Financial Inc. now owns 232,245 shares of the oil and gas company’s stock valued at $3,768,000 after purchasing an additional 697 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Geospace Technologies Corporation by 5.6% during the first quarter. Geode Capital Management LLC now owns 109,010 shares of the oil and gas company’s stock valued at $1,769,000 after purchasing an additional 5,742 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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

Geospace Technologies Corporation (NASDAQ GEOS) opened at 17.82 on Friday. Geospace Technologies Corporation has a 12 month low of $13.08 and a 12 month high of $24.37. The stock’s market cap is $239.48 million. The stock’s 50 day moving average price is $15.36 and its 200-day moving average price is $15.15.

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

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

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