River Road Asset Management LLC Sells 1,188,346 Shares of The GEO Group, Inc. (NYSE:GEO)

River Road Asset Management LLC reduced its position in The GEO Group, Inc. (NYSE:GEO - Free Report) by 41.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,656,834 shares of the real estate investment trust's stock after selling 1,188,346 shares during the period. River Road Asset Management LLC owned about 1.18% of The GEO Group worth $46,358,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. SRS Capital Advisors Inc. lifted its stake in 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 valued at $33,000 after purchasing an additional 720 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in The GEO Group by 149.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 915 shares during the last quarter. Creative Planning lifted its stake in The GEO Group by 9.0% in 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. GAMMA Investing LLC lifted its stake in The GEO Group by 18.6% in the 4th quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust's stock valued at $228,000 after purchasing an additional 1,281 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in The GEO Group by 3.3% during the fourth quarter. Arizona State Retirement System now owns 40,537 shares of the real estate investment trust's stock worth $1,134,000 after acquiring an additional 1,289 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several brokerages have issued reports on GEO. UBS Group set a $32.00 price objective on shares of The GEO Group in a research report on Wednesday, March 5th. Noble Financial upgraded shares of The GEO Group from a "market perform" rating to an "outperform" rating and set a $32.00 price objective for the company in a research report on Wednesday, March 5th. Finally, Wedbush reiterated an "outperform" rating on shares of The GEO Group in a research report on Tuesday, December 17th.

The GEO Group Price Performance

NYSE:GEO traded up $1.11 during mid-day trading on Friday, reaching $26.66. The stock had a trading volume of 2,461,635 shares, compared to its average volume of 2,726,883. The stock has a 50-day simple moving average of $28.83 and a two-hundred day simple moving average of $23.11. The stock has a market capitalization of $3.74 billion, a PE ratio of 91.94, a P/E/G ratio of 2.11 and a beta of 0.91. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10. The GEO Group, Inc. has a 12 month low of $11.75 and a 12 month high of $36.46.

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 firm had revenue of $607.72 million during the quarter, compared to the consensus estimate of $607.45 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. On average, equities analysts anticipate that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

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.