LSV Asset Management Decreases Stock Holdings in The GEO Group, Inc. (NYSE:GEO)

LSV Asset Management decreased its position in The GEO Group, Inc. (NYSE:GEO - Free Report) by 59.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 150,300 shares of the real estate investment trust's stock after selling 221,886 shares during the quarter. LSV Asset Management owned approximately 0.11% of The GEO Group worth $4,205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its holdings in The GEO Group by 1.4% during the 3rd quarter. State Street Corp now owns 4,919,298 shares of the real estate investment trust's stock valued at $63,213,000 after purchasing an additional 66,658 shares during the period. Geode Capital Management LLC increased its stake in shares of The GEO Group by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 3,051,384 shares of the real estate investment trust's stock valued at $85,398,000 after buying an additional 35,281 shares during the period. Discovery Capital Management LLC CT raised its holdings in shares of The GEO Group by 375.2% during the fourth 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 acquiring an additional 1,452,400 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in The GEO Group by 5.8% in the fourth quarter. Allianz Asset Management GmbH now owns 1,491,209 shares of the real estate investment trust's stock worth $41,724,000 after acquiring an additional 82,341 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in The GEO Group by 91.9% in 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 acquiring an additional 411,565 shares during the period. 76.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of The GEO Group stock in a transaction dated 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 approximately $2,024,070. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

The GEO Group Stock Up 1.8 %

Shares of GEO stock traded up $0.53 during trading hours on Friday, hitting $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 stock's fifty day simple moving average is $27.48 and its two-hundred day simple moving average is $25.95. The GEO Group, Inc. has a 12-month low of $11.75 and a 12-month high of $36.46. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 102.07, a PEG ratio of 2.11 and a beta of 0.78.

The GEO Group (NYSE:GEO - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share (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 company had revenue of $607.72 million for the quarter, compared to analysts' expectations of $607.45 million. On average, analysts expect that The GEO Group, Inc. will post 0.83 EPS for the current year.

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.