Moors & Cabot Inc. Decreases Stock Holdings in Geospace Technologies Co. (NASDAQ:GEOS)

Moors & Cabot Inc. lowered its stake in Geospace Technologies Co. (NASDAQ:GEOS) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 747,300 shares of the oil and gas company’s stock after selling 7,450 shares during the period. Moors & Cabot Inc. owned 0.06% of Geospace Technologies worth $7,727,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. WINTON GROUP Ltd bought a new stake in Geospace Technologies in the second quarter valued at $113,000. EagleClaw Capital Managment LLC bought a new stake in Geospace Technologies in the third quarter valued at $114,000. Rhumbline Advisers boosted its holdings in Geospace Technologies by 2,370.7% in the second quarter. Rhumbline Advisers now owns 14,824 shares of the oil and gas company’s stock valued at $133,000 after acquiring an additional 14,224 shares in the last quarter. Avantax Advisory Services Inc. bought a new stake in Geospace Technologies in the first quarter valued at $215,000. Finally, Bank of New York Mellon Corp bought a new stake in Geospace Technologies in the second quarter valued at $314,000. Institutional investors own 57.15% of the company’s stock.

Geospace Technologies Stock Up 0.2 %

Shares of GEOS stock traded up $0.02 during mid-day trading on Wednesday, reaching $12.35. 10,751 shares of the company’s stock traded hands, compared to its average volume of 80,367. Geospace Technologies Co. has a 12 month low of $8.09 and a 12 month high of $17.09. The company has a market cap of $159.44 million, a P/E ratio of 15.63 and a beta of 0.62. The company’s 50-day moving average price is $11.17 and its 200-day moving average price is $10.22.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Geospace Technologies from a “hold” rating to a “sell” rating in a report on Thursday, October 24th.

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.