Harber Asset Management LLC Sells 537,358 Shares of The GEO Group, Inc. (NYSE:GEO)

Harber Asset Management LLC trimmed its stake in The GEO Group, Inc. (NYSE:GEO - Free Report) by 74.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,830 shares of the real estate investment trust's stock after selling 537,358 shares during the period. The GEO Group comprises approximately 1.5% of Harber Asset Management LLC's investment portfolio, making the stock its 27th biggest position. Harber Asset Management LLC owned approximately 0.13% of The GEO Group worth $5,172,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. State Street Corp raised its position in shares of The GEO Group by 1.4% during 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 acquiring an additional 66,658 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of The GEO Group by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 3,051,384 shares of the real estate investment trust's stock worth $85,398,000 after purchasing an additional 35,281 shares during the period. Discovery Capital Management LLC CT boosted its stake in shares of The GEO Group by 375.2% in the 4th quarter. Discovery Capital Management LLC CT now owns 1,839,500 shares of the real estate investment trust's stock valued at $51,469,000 after purchasing an additional 1,452,400 shares during the last quarter. Allianz Asset Management GmbH boosted its stake 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 valued at $41,724,000 after purchasing an additional 82,341 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of The GEO Group by 91.9% during 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 buying an additional 411,565 shares during the period. 76.10% of the stock is owned by institutional investors.

The GEO Group Stock Up 1.8 %

GEO stock traded up $0.53 during midday trading on Friday, reaching $29.60. 1,912,449 shares of the company's stock traded hands, compared to its average volume of 2,784,692. 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 firm's fifty day moving average price is $27.48 and its 200-day moving average price is $25.95. The GEO Group, Inc. has a 52 week low of $11.75 and a 52 week high of $36.46. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 102.07, a P/E/G ratio of 2.11 and a beta of 0.78.

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

Analyst Upgrades and Downgrades

GEO has been the topic of a number of research analyst reports. UBS Group set a $35.00 price target on shares of The GEO Group in a research report on Monday, March 24th. Wedbush reaffirmed an "outperform" rating and set a $46.00 target price on shares of The GEO Group in a research note on Tuesday, March 18th. Jones Trading reissued a "buy" rating and issued a $55.00 price target on shares of The GEO Group in a research note on Friday, March 21st. Noble Financial restated an "outperform" rating on shares of The GEO Group in a report on Monday, March 24th. Finally, StockNews.com downgraded shares of The GEO Group from a "hold" rating to a "sell" rating in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, The GEO Group has a consensus rating of "Moderate Buy" and an average target price of $41.00.

Insider Buying and Selling

In other news, EVP Shayn P. March sold 7,500 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $30.00, for a total value of $225,000.00. Following the completion of the transaction, the executive vice president now directly owns 67,469 shares of the company's stock, valued at $2,024,070. This represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.30% of the stock is currently owned by corporate insiders.

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.