Bank of New York Mellon Corp Sells 106,367 Shares of The GEO Group, Inc. (NYSE:GEO)

Bank of New York Mellon Corp trimmed its position in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 10.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 882,972 shares of the real estate investment trust's stock after selling 106,367 shares during the quarter. Bank of New York Mellon Corp owned about 0.63% of The GEO Group worth $24,706,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GEO. State Street Corp lifted its stake in shares of The GEO Group by 1.4% in the third quarter. State Street Corp now owns 4,919,298 shares of the real estate investment trust's stock worth $63,213,000 after buying an additional 66,658 shares in the last quarter. Geode Capital Management LLC boosted its stake in The GEO Group by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,016,103 shares of the real estate investment trust's stock valued at $38,765,000 after purchasing an additional 97,452 shares during the last quarter. Philosophy Capital Management LLC increased its holdings in shares of The GEO Group by 17.1% in 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 in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of The GEO Group by 5.8% in the 4th quarter. Allianz Asset Management GmbH now owns 1,491,209 shares of the real estate investment trust's stock worth $41,724,000 after purchasing an additional 82,341 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of 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 worth $24,050,000 after purchasing an additional 411,565 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors.

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The GEO Group Price Performance

NYSE:GEO traded down $0.48 on Thursday, reaching $25.44. 1,570,946 shares of the company's stock traded hands, compared to its average volume of 2,732,819. The stock has a 50-day simple moving average of $28.94 and a 200-day simple moving average of $23.01. The GEO Group, Inc. has a 12 month low of $11.75 and a 12 month high of $36.46. The firm has a market cap of $3.57 billion, a PE ratio of 87.73, 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 (NYSE:GEO - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.08). The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. The business had revenue of $607.72 million during the quarter, compared to analysts' expectations of $607.45 million. Equities research analysts forecast that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on GEO. UBS Group set a $32.00 price objective on shares of The GEO Group in a report on Wednesday, March 5th. Noble Financial raised The GEO Group from a "market perform" rating to an "outperform" rating and set a $32.00 target price on the stock in a report on Wednesday, March 5th. Finally, Wedbush reissued an "outperform" rating on shares of The GEO Group in a report on Tuesday, December 17th.

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.