Prudential Financial Inc. Trims Stock Holdings in The GEO Group, Inc. (NYSE:GEO)

Prudential Financial Inc. lowered its holdings in The GEO Group, Inc. (NYSE:GEO - Free Report) by 24.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 137,168 shares of the real estate investment trust's stock after selling 45,500 shares during the period. Prudential Financial Inc. owned approximately 0.10% of The GEO Group worth $3,838,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. State Street Corp grew its stake in The GEO Group by 1.4% in the 3rd quarter. State Street Corp now owns 4,919,298 shares of the real estate investment trust's stock worth $63,213,000 after buying an additional 66,658 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of The GEO Group by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,016,103 shares of the real estate investment trust's stock worth $38,765,000 after acquiring an additional 97,452 shares during the last quarter. Philosophy Capital Management LLC grew its position in The GEO Group by 17.1% in the third quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust's stock worth $21,125,000 after acquiring an additional 240,251 shares in the last quarter. Allianz Asset Management GmbH increased 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 valued at $41,724,000 after acquiring an additional 82,341 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased 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 valued at $24,050,000 after acquiring an additional 411,565 shares during the last quarter. Institutional investors own 76.10% of the company's stock.

Remove Ads

Insider Activity at The GEO Group

In related news, EVP Shayn P. March sold 7,500 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $30.00, for a total transaction of $225,000.00. Following the transaction, the executive vice president now owns 67,469 shares in the company, valued at $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 available through this hyperlink. 5.30% of the stock is currently owned by company insiders.

The GEO Group Trading Down 1.3 %

GEO stock traded down $0.39 during midday trading on Thursday, hitting $29.12. The company had a trading volume of 3,722,411 shares, compared to its average volume of 2,765,005. 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 52 week low of $11.75 and a 52 week high of $36.46. The stock's 50 day moving average price is $27.80 and its 200 day moving average price is $24.62. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 100.40, a PEG ratio of 2.11 and a beta of 0.91.

The GEO Group (NYSE:GEO - Get Free Report) last announced its quarterly earnings results 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 return on equity of 9.20% and a net margin of 2.00%. The firm had revenue of $607.72 million during the quarter, compared to the consensus estimate of $607.45 million. As a group, equities research analysts expect that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.