Today, Virginia Retirement Systems ET AL Reached $300,000 position of Geospace Technologies Corp. (GEOS)

Today, Virginia Retirement Systems ET AL Reached $300,000 position  of Geospace Technologies Corp. (GEOS)

Virginia Retirement Systems ET AL continued to hold its stake in shares of Geospace Technologies Corp. (NASDAQ:GEOS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,400 shares of the company’s stock at the end of the third quarter. Virginia Retirement Systems ET AL owned 0.12% of Geospace Technologies Corp. worth $300,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GEOS. BlackRock Fund Advisors increased its stake in shares of Geospace Technologies Corp. by 3.5% in the second quarter. BlackRock Fund Advisors now owns 892,845 shares of the company’s stock valued at $14,616,000 after buying an additional 30,451 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Geospace Technologies Corp. by 5.0% in the second quarter. Vanguard Group Inc. now owns 552,187 shares of the company’s stock valued at $9,039,000 after buying an additional 26,147 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Geospace Technologies Corp. by 2.7% in the second quarter. Principal Financial Group Inc. now owns 93,786 shares of the company’s stock valued at $1,535,000 after buying an additional 2,508 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Geospace Technologies Corp. by 3.3% in the third quarter. California Public Employees Retirement System now owns 91,900 shares of the company’s stock valued at $1,790,000 after buying an additional 2,900 shares in the last quarter. Finally, BlackRock Investment Management LLC increased its stake in shares of Geospace Technologies Corp. by 6.3% in the second quarter. BlackRock Investment Management LLC now owns 59,362 shares of the company’s stock valued at $972,000 after buying an additional 3,498 shares in the last quarter. Hedge funds and other institutional investors own 86.35% of the company’s stock.

Shares of Geospace Technologies Corp. (NASDAQ:GEOS) traded up 0.57% during mid-day trading on Friday, hitting $21.25. The stock had a trading volume of 28,271 shares. The stock’s market cap is $283.22 million. Geospace Technologies Corp. has a 52 week low of $7.62 and a 52 week high of $22.54. The stock has a 50-day moving average price of $19.36 and a 200 day moving average price of $17.92.

Geospace Technologies Corp. (NASDAQ:GEOS) last posted its quarterly earnings data on Wednesday, November 16th. The company reported ($0.94) earnings per share for the quarter, missing the consensus estimate of ($0.46) by $0.48. Geospace Technologies Corp. had a negative return on equity of 17.58% and a negative net margin of 74.07%. The firm had revenue of $16.31 million for the quarter, compared to analysts’ expectations of $18.50 million. During the same quarter in the previous year, the firm posted ($1.03) earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities analysts forecast that Geospace Technologies Corp. will post ($1.54) EPS for the current fiscal year.

Several brokerages have recently weighed in on GEOS. Seaport Global Securities restated a “neutral” rating on shares of Geospace Technologies Corp. in a research note on Thursday, November 17th. Zacks Investment Research downgraded Geospace Technologies Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 18th.

About Geospace Technologies Corp.

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 in two segments: Seismic and Non-Seismic. Its seismic product lines consist of land and marine nodal data acquisition systems, permanent land and seabed reservoir monitoring products and services, geophones and geophone strings, hydrophones, leader wire, connectors, telemetry cables, marine streamer retrieval and steering devices, and various other products.

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