The GEO Group, Inc. (NYSE:GEO) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its stake in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 56.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 447,963 shares of the real estate investment trust's stock after selling 589,918 shares during the quarter. Nisa Investment Advisors LLC owned about 0.32% of The GEO Group worth $5,756,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC boosted its holdings in shares of 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 valued at $41,000 after acquiring an additional 2,625 shares in the last quarter. GAMMA Investing LLC increased its position in The GEO Group by 38.5% during the 3rd quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust's stock worth $88,000 after purchasing an additional 1,910 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in shares of The GEO Group by 62.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust's stock worth $90,000 after buying an additional 2,393 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of The GEO Group in the 3rd quarter valued at approximately $121,000. Finally, Innealta Capital LLC acquired a new position in The GEO Group during the second quarter worth $140,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GEO. StockNews.com lowered shares of The GEO Group from a "buy" rating to a "hold" rating in a research report on Wednesday, August 7th. Wedbush reissued an "outperform" rating and set a $17.00 price objective on shares of The GEO Group in a report on Thursday, September 19th.

The GEO Group Price Performance

Shares of GEO traded down $0.72 on Friday, reaching $14.46. The stock had a trading volume of 3,455,913 shares, compared to its average volume of 2,424,736. The firm has a 50-day moving average of $13.80 and a 200 day moving average of $14.06. The firm has a market capitalization of $2.02 billion, a PE ratio of 55.60, a PEG ratio of 1.75 and a beta of 0.65. The GEO Group, Inc. has a twelve month low of $8.33 and a twelve month high of $18.05. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.36.

The GEO Group (NYSE:GEO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). The GEO Group had a net margin of 1.92% and a return on equity of 8.87%. The firm had revenue of $607.19 million during the quarter, compared to analysts' expectations of $606.16 million. During the same quarter in the prior year, the business earned $0.24 EPS. Sell-side analysts expect that The GEO Group, Inc. will post 0.91 EPS for the current year.

Insider Transactions at The GEO Group

In related news, Chairman George C. Zoley acquired 100,000 shares of The GEO Group stock in a transaction dated Monday, August 12th. The shares were acquired at an average cost of $12.33 per share, for a total transaction of $1,233,000.00. Following the completion of the transaction, the chairman now directly owns 3,900,904 shares of the company's stock, valued at $48,098,146.32. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 5.30% of the company's stock.

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.