Anthracite Investment Company Inc. Sells 30,900 Shares of The GEO Group, Inc. (NYSE:GEO)

Anthracite Investment Company Inc. decreased its holdings in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 63.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,000 shares of the real estate investment trust's stock after selling 30,900 shares during the quarter. Anthracite Investment Company Inc.'s holdings in The GEO Group were worth $504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GEO. Intech Investment Management LLC bought a new position in The GEO Group during the third quarter valued at about $1,279,000. Quantbot Technologies LP raised its stake in shares of The GEO Group by 1,873.3% in the 3rd quarter. Quantbot Technologies LP now owns 69,953 shares of the real estate investment trust's stock valued at $899,000 after acquiring an additional 66,408 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of The GEO Group by 20.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 273,724 shares of the real estate investment trust's stock valued at $3,517,000 after acquiring an additional 46,905 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in The GEO Group by 53.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,986 shares of the real estate investment trust's stock worth $2,737,000 after purchasing an additional 74,430 shares during the period. Finally, Kore Advisors LP boosted its position in The GEO Group by 8.8% during the third quarter. Kore Advisors LP now owns 555,950 shares of the real estate investment trust's stock worth $7,144,000 after purchasing an additional 44,800 shares during the period. Institutional investors own 76.10% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GEO shares. Jones Trading restated a "buy" rating and issued a $55.00 price objective on shares of The GEO Group in a research note on Friday, March 21st. Noble Financial reissued an "outperform" rating on shares of The GEO Group in a research report on Monday, March 24th. Wedbush restated an "outperform" rating and set a $46.00 price target on shares of The GEO Group in a report on Tuesday, March 18th. StockNews.com lowered The GEO Group from a "hold" rating to a "sell" rating in a research note on Thursday, March 20th. Finally, UBS Group set a $35.00 target price on The GEO Group in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, The GEO Group currently has a consensus rating of "Moderate Buy" and an average target price of $41.00.

The GEO Group Stock Performance

Shares of NYSE:GEO traded down $1.10 on Friday, hitting $29.30. 2,695,253 shares of the company were exchanged, compared to its average volume of 2,762,226. The GEO Group, Inc. has a one year low of $11.75 and a one year high of $36.46. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 101.03, a PEG ratio of 2.11 and a beta of 0.91. The company's 50 day moving average price is $28.21 and its two-hundred day moving average price is $24.24. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.10.

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

About The GEO Group

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.