Hodges Capital Management Inc. Decreases Stake in The GEO Group, Inc. (NYSE:GEO)

Hodges Capital Management Inc. cut its stake in The GEO Group, Inc. (NYSE:GEO - Free Report) by 77.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 175,500 shares of the real estate investment trust's stock after selling 613,300 shares during the period. Hodges Capital Management Inc. owned about 0.13% of The GEO Group worth $4,911,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in The GEO Group in the 3rd quarter worth about $25,000. Sound Income Strategies LLC grew its stake in The GEO Group by 472.1% in the third quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 2,625 shares in the last quarter. Morse Asset Management Inc purchased a new position in The GEO Group during the 3rd quarter worth $67,000. Quarry LP purchased a new stake in shares of The GEO Group in the 3rd quarter worth $77,000. Finally, KBC Group NV grew its position in shares of The GEO Group by 37.2% during the 4th quarter. KBC Group NV now owns 6,023 shares of the real estate investment trust's stock worth $169,000 after buying an additional 1,632 shares in the last quarter. Hedge funds and other institutional investors own 76.10% of the company's stock.

The GEO Group Stock Down 3.3 %

NYSE GEO traded down $0.94 during trading on Thursday, hitting $27.46. The company's stock had a trading volume of 3,248,809 shares, compared to its average volume of 3,137,901. The business's 50 day simple moving average is $29.71 and its 200-day simple moving average is $20.86. The company has a market cap of $3.84 billion, a PE ratio of 94.71, a P/E/G ratio of 2.49 and a beta of 0.87. 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 GEO Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $36.46.

The GEO Group (NYSE:GEO - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.03). The company had revenue of $603.13 million during the quarter, compared to analysts' expectations of $611.69 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. During the same period in the prior year, the business posted $0.19 EPS. On average, equities analysts anticipate that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Northland Securities lifted their price objective on The GEO Group from $16.00 to $37.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Noble Financial cut shares of The GEO Group from an "outperform" rating to a "market perform" rating in a research report on Monday, November 11th. Finally, Wedbush reissued an "outperform" rating on shares of The GEO Group in a research note 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.