November 21, 2016 - By Adrian Mccoy · 0 Comments
Saexploration Holdings Inc (NASDAQ:SAEX) institutional sentiment decreased to 0.06 in Q2 2016. Its down -0.82, from 0.88 in 2016Q1. The ratio dropped, as 7 hedge funds opened new and increased stock positions, while 8 sold and reduced stakes in Saexploration Holdings Inc. The hedge funds in our partner’s database reported: 6.56 million shares, down from 7.36 million shares in 2016Q1. Also, the number of hedge funds holding Saexploration Holdings Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 4 Increased: 4 New Position: 3.
About 49,185 shares traded hands. SAExploration Holdings, Inc. (NASDAQ:SAEX) has declined 90.11% since April 19, 2016 and is downtrending. It has underperformed by 93.97% the S&P500.
According to Zacks Investment Research, “SAExploration Holdings Inc. is a geophysical services company which conducts its business activities along with its subsidiaries. It offers seismic data acquisition and processing services on land, in transition zones and in shallow water to the oil and gas industry. The Company’s services include 2D, 3D and 4D seismic data services, surveying, program design, logistical support, data acquisition, processing, camp services, catering, environmental assessment and community relations. It operates in Canada, Alaska, Peru, Columbia, Bolivia, Papua New Guinea, New Zealand and Brazil. SAExploration Holdings Inc., formerly known as Trio Merger Corp., is based in Calgary, Alberta.”
Bank Of America Corp De holds 0% of its portfolio in SAExploration Holdings, Inc. for 300 shares. Blackrock Fund Advisors owns 2,026 shares or 0% of their US portfolio. Moreover, Bridgeway Capital Management Inc has 0% invested in the company for 97,015 shares. The Illinois-based Citadel Advisors Llc has invested 0% in the stock. Creative Planning, a Kansas-based fund reported 3.21 million shares.#img1#
SAExploration Holdings, Inc., incorporated on February 2, 2011, is an internationally focused oilfield services company. The Firm offers a range of seismic data acquisition and logistical support services in Alaska, Canada, South America and Southeast Asia to clients in the oil and natural gas industry. In addition to the acquisition of two-dimensional (2D), three-dimensional (3D), time-lapse four-dimensional (4D) and multi-component seismic data on land, in transition zones between land and water, and offshore in depths reaching approximately 3,000 meters, the Company offers a suite of logistical support and in-field processing services. The Firm operates crews around the world that are supported by over 29,500 owned land and marine channels of seismic data acquisition equipment and other leased equipment as needed to complete particular projects. Seismic data is used by its customers, including integrated oil companies, national oil companies and independent gas and oil exploration and production companies, to identify and analyze drilling prospects. The Firm provides a range of seismic data acquisition services, including in-field data processing, and related logistics services. The Company’s seismic data acquisition services include program design, planning and permitting, camp services, survey, drilling, recording, reclamation and in-field processing.
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By Adrian Mccoy