Gordian Capital Singapore Pte Ltd Sells 66,500 Shares of The GEO Group, Inc. (NYSE:GEO)

Gordian Capital Singapore Pte Ltd lowered its holdings in The GEO Group, Inc. (NYSE:GEO - Free Report) by 45.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,000 shares of the real estate investment trust's stock after selling 66,500 shares during the period. Gordian Capital Singapore Pte Ltd owned about 0.06% of The GEO Group worth $1,028,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GEO. Intech Investment Management LLC acquired a new stake in shares of The GEO Group during the 3rd quarter valued at $1,279,000. Versor Investments LP purchased a new stake in shares of The GEO Group during the third quarter worth $604,000. BNP Paribas Financial Markets boosted its position in The GEO Group by 20.7% during the third quarter. BNP Paribas Financial Markets now owns 273,724 shares of the real estate investment trust's stock valued at $3,517,000 after purchasing an additional 46,905 shares during the last quarter. Jennison Associates LLC acquired a new position in The GEO Group in the third quarter worth approximately $630,000. Finally, Quest Partners LLC acquired a new stake in The GEO Group in the third quarter valued at approximately $609,000. 76.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on GEO. Noble Financial lowered The GEO Group from an "outperform" rating to a "market perform" rating in a report on Monday, November 11th. Northland Securities upped their target price on 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 lifted their price target on shares of The GEO Group from $25.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, November 8th.

The GEO Group Stock Performance

GEO stock traded down $0.28 on Monday, reaching $28.14. 2,031,206 shares of the company were exchanged, compared to its average volume of 2,718,164. The firm has a market capitalization of $3.93 billion, a PE ratio of 98.00, a PEG ratio of 3.44 and a beta of 0.88. The GEO Group, Inc. has a 12 month low of $9.95 and a 12 month high of $29.86. The stock's fifty day moving average price is $20.34 and its 200 day moving average price is $16.15. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10.

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.