Intech Investment Management LLC reduced its stake in The GEO Group, Inc. (NYSE:GEO - Free Report) by 16.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 82,834 shares of the real estate investment trust's stock after selling 16,721 shares during the quarter. Intech Investment Management LLC owned approximately 0.06% of The GEO Group worth $2,318,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Counterpoint Mutual Funds LLC acquired a new position in shares of The GEO Group in the 4th quarter worth approximately $452,000. Cibc World Markets Corp purchased a new position in The GEO Group in the fourth quarter valued at $333,000. Natixis Advisors LLC acquired a new stake in shares of The GEO Group during the 4th quarter worth about $569,000. Swiss National Bank boosted its holdings in shares of The GEO Group by 3.2% in the 4th quarter. Swiss National Bank now owns 274,600 shares of the real estate investment trust's stock valued at $7,683,000 after buying an additional 8,500 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. boosted its stake in The GEO Group by 45.7% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 350,914 shares of the real estate investment trust's stock valued at $9,819,000 after acquiring an additional 110,000 shares in the last quarter. Institutional investors and hedge funds own 76.10% of the company's stock.
Analyst Ratings Changes
GEO has been the subject of several research analyst reports. UBS Group set a $32.00 price objective on The GEO Group in a report on Wednesday, March 5th. Jones Trading restated a "buy" rating and issued a $55.00 price objective on shares of The GEO Group in a research note on Friday. Wedbush reiterated an "outperform" rating and set a $46.00 target price on shares of The GEO Group in a research note on Tuesday, March 18th. Noble Financial upgraded The GEO Group from a "market perform" rating to an "outperform" rating and set a $32.00 price target on the stock in a research report on Wednesday, March 5th. Finally, StockNews.com downgraded The GEO Group from a "hold" rating to a "sell" rating in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, The GEO Group has a consensus rating of "Moderate Buy" and a consensus target price of $40.40.
Read Our Latest Stock Analysis on GEO
The GEO Group Price Performance
Shares of GEO traded down $0.13 during mid-day trading on Tuesday, hitting $28.99. The company's stock had a trading volume of 1,492,092 shares, compared to its average volume of 2,685,343. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25. The GEO Group, Inc. has a 1-year low of $11.75 and a 1-year high of $36.46. The firm has a market capitalization of $4.07 billion, a P/E ratio of 99.97, a P/E/G ratio of 2.11 and a beta of 0.91. The firm has a 50-day simple moving average of $28.54 and a 200 day simple moving average of $23.86.
The GEO Group (NYSE:GEO - Get Free Report) last released its 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 net margin of 2.00% and a return on equity of 9.20%. The business had revenue of $607.72 million during the quarter, compared to analyst estimates of $607.45 million. Analysts predict that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.
The GEO Group Profile
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Free Report)
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.
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