Kestra Private Wealth Services LLC Trims Stock Position in The GEO Group, Inc. (NYSE:GEO)

Kestra Private Wealth Services LLC lessened its stake in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 39.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,135 shares of the real estate investment trust's stock after selling 15,900 shares during the period. Kestra Private Wealth Services LLC's holdings in The GEO Group were worth $675,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in GEO. Creative Planning boosted its holdings in shares of The GEO Group by 9.0% during the 3rd quarter. Creative Planning now owns 11,096 shares of the real estate investment trust's stock valued at $143,000 after purchasing an additional 919 shares during the last quarter. Vontobel Holding Ltd. bought a new position in shares of The GEO Group in the 3rd quarter valued at about $393,000. nVerses Capital LLC bought a new position in shares of The GEO Group in the 3rd quarter valued at about $121,000. Clear Harbor Asset Management LLC bought a new position in shares of The GEO Group in the 3rd quarter valued at about $157,000. Finally, Tyler Stone Wealth Management lifted its holdings in shares of The GEO Group by 98.8% in the 3rd quarter. Tyler Stone Wealth Management now owns 12,284 shares of the real estate investment trust's stock valued at $158,000 after acquiring an additional 6,105 shares during the last quarter. Institutional investors own 76.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on GEO shares. Northland Securities increased their price target on shares of 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 lowered 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 report on Tuesday, December 17th.

The GEO Group Trading Down 2.4 %

The GEO Group stock traded down $0.65 during midday trading on Tuesday, reaching $26.62. The stock had a trading volume of 435,511 shares, compared to its average volume of 2,875,130. 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 GEO Group, Inc. has a 52-week low of $11.50 and a 52-week high of $36.46. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 91.83, a price-to-earnings-growth ratio of 2.17 and a beta of 0.87. The company has a fifty day moving average of $29.60 and a 200 day moving average of $21.54.

The GEO Group Company Profile

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.