Charles Schwab Investment Management Inc. Trims Holdings in The GEO Group, Inc. (NYSE:GEO)

Charles Schwab Investment Management Inc. lowered its stake in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 1.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,000,522 shares of the real estate investment trust's stock after selling 45,863 shares during the period. Charles Schwab Investment Management Inc. owned approximately 2.15% of The GEO Group worth $38,557,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sound Income Strategies LLC grew its stake in shares of The GEO Group by 472.1% during the third quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 2,625 shares during the last quarter. GAMMA Investing LLC raised its holdings in The GEO Group by 38.5% in the third quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust's stock worth $88,000 after purchasing an additional 1,910 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in The GEO Group by 62.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust's stock worth $90,000 after purchasing an additional 2,393 shares during the period. nVerses Capital LLC acquired a new stake in shares of The GEO Group during the third quarter worth $121,000. Finally, Innealta Capital LLC bought a new position in The GEO Group in the second quarter valued at $140,000. Institutional investors own 76.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GEO. StockNews.com cut shares of The GEO Group from a "buy" rating to a "hold" rating in a research note on Wednesday, August 7th. Noble Financial lowered shares of The GEO Group from an "outperform" rating to a "market perform" rating in a report on Monday, November 11th. Northland Securities boosted their price target on shares of The GEO Group from $16.00 to $37.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, Wedbush upped their price objective on shares of The GEO Group from $25.00 to $30.00 and gave the stock an "outperform" rating in a report on Friday, November 8th.

The GEO Group Price Performance

NYSE GEO traded down $0.17 on Tuesday, reaching $26.95. 2,442,099 shares of the company's stock traded hands, compared to its average volume of 2,712,657. The GEO Group, Inc. has a 12 month low of $9.77 and a 12 month high of $29.57. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a 50-day simple moving average of $19.08 and a 200 day simple moving average of $15.73. The stock has a market cap of $3.77 billion, a PE ratio of 92.49, a P/E/G ratio of 3.28 and a beta of 0.88.

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.