AlphaQuest LLC Sells 35,694 Shares of The GEO Group, Inc. (NYSE:GEO)

AlphaQuest LLC decreased its position in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 75.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,686 shares of the real estate investment trust's stock after selling 35,694 shares during the period. AlphaQuest LLC's holdings in The GEO Group were worth $327,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Asset Management L.P. raised its stake in shares of The GEO Group by 363.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 702,107 shares of the real estate investment trust's stock worth $9,022,000 after purchasing an additional 968,601 shares in the last quarter. Hodges Capital Management Inc. raised its position in The GEO Group by 1,501.6% during the third quarter. Hodges Capital Management Inc. now owns 788,800 shares of the real estate investment trust's stock valued at $10,136,000 after acquiring an additional 739,550 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in The GEO Group by 91.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust's stock valued at $24,050,000 after acquiring an additional 411,565 shares during the last quarter. Philosophy Capital Management LLC increased its stake in shares of The GEO Group by 17.1% during the 3rd quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust's stock worth $21,125,000 after purchasing an additional 240,251 shares during the last quarter. Finally, Pinnbrook Capital Management LP bought a new position in shares of The GEO Group during the 4th quarter valued at $4,837,000. Hedge funds and other institutional investors own 76.10% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have commented on GEO shares. Wedbush reissued an "outperform" rating and set a $46.00 target price on shares of The GEO Group in a research report on Tuesday. Noble Financial raised The GEO Group from a "market perform" rating to an "outperform" rating and set a $32.00 price objective on the stock in a research note on Wednesday, March 5th. Finally, UBS Group set a $32.00 target price on The GEO Group in a research report on Wednesday, March 5th.

The GEO Group Stock Performance

NYSE GEO traded up $0.18 during midday trading on Tuesday, hitting $26.47. The company had a trading volume of 2,118,537 shares, compared to its average volume of 2,702,316. The firm has a fifty day simple moving average of $28.77 and a two-hundred day simple moving average of $23.34. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 91.27, a P/E/G ratio of 2.11 and a beta of 0.91. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The GEO Group, Inc. has a fifty-two week low of $11.75 and a fifty-two week high of $36.46.

The GEO Group (NYSE:GEO - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. The company had revenue of $607.72 million during the quarter, compared to the consensus estimate of $607.45 million. Equities analysts forecast that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.

The GEO Group Profile

The GEO Group, Inc NYSE: GEO engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects.