LPL Financial LLC Sells 16,089 Shares of The GEO Group, Inc. (NYSE:GEO)

LPL Financial LLC lessened its holdings in The GEO Group, Inc. (NYSE:GEO - Free Report) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,792 shares of the real estate investment trust's stock after selling 16,089 shares during the quarter. LPL Financial LLC owned 0.14% of The GEO Group worth $5,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. boosted its holdings in shares of The GEO Group by 160.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust's stock worth $33,000 after buying an additional 720 shares during the last quarter. Smartleaf Asset Management LLC raised its position in The GEO Group by 149.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust's stock worth $42,000 after acquiring an additional 915 shares during the period. GAMMA Investing LLC boosted its stake in The GEO Group by 18.6% in the fourth quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust's stock valued at $228,000 after acquiring an additional 1,281 shares during the last quarter. Arizona State Retirement System boosted its stake in The GEO Group by 3.3% in the fourth quarter. Arizona State Retirement System now owns 40,537 shares of the real estate investment trust's stock valued at $1,134,000 after acquiring an additional 1,289 shares during the last quarter. 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 valued at $169,000 after acquiring an additional 1,632 shares during the period. Institutional investors own 76.10% of the company's stock.

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The GEO Group Stock Performance

Shares of NYSE GEO traded up $1.66 during mid-day trading on Friday, hitting $29.10. The company had a trading volume of 2,384,069 shares, compared to its average volume of 2,788,436. 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 company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 100.33, a P/E/G ratio of 2.11 and a beta of 0.78. The stock's 50-day moving average price is $27.26 and its 200-day moving average price is $25.55.

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 earnings per share 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 company had revenue of $607.72 million for the quarter, compared to analysts' expectations of $607.45 million. On average, sell-side analysts forecast that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

Insider Buying and Selling

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were 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 trade represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Jones Trading reiterated a "buy" rating and issued a $55.00 price objective on shares of The GEO Group in a research note on Friday, March 21st. StockNews.com lowered The GEO Group from a "hold" rating to a "sell" rating in a research note on Tuesday, April 1st. Noble Financial reiterated an "outperform" rating on shares of The GEO Group in a research note on Monday, March 24th. Wedbush restated an "outperform" rating and issued a $46.00 price objective on shares of The GEO Group in a research note on Tuesday, March 18th. Finally, UBS Group set a $35.00 target price on shares of The GEO Group in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.

The GEO Group 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.