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The GEO Group, Inc. (NYSE:GEO) Shares Sold by Apollon Wealth Management LLC

The GEO Group logo with Finance background

Apollon Wealth Management LLC cut its holdings in The GEO Group, Inc. (NYSE:GEO - Free Report) by 29.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 24,104 shares of the real estate investment trust's stock after selling 9,980 shares during the period. Apollon Wealth Management LLC's holdings in The GEO Group were worth $674,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of The GEO Group during the 3rd quarter worth $25,000. Morse Asset Management Inc acquired a new stake in shares of The GEO Group during the 3rd quarter worth $67,000. Quarry LP acquired a new stake in shares of The GEO Group during the 3rd quarter worth $77,000. nVerses Capital LLC acquired a new stake in shares of The GEO Group during the 3rd quarter worth $121,000. Finally, HighTower Advisors LLC acquired a new stake in shares of The GEO Group during the 3rd quarter worth $141,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

The GEO Group Stock Down 1.8 %

NYSE:GEO traded down $0.50 on Friday, reaching $27.18. The stock had a trading volume of 1,514,937 shares, compared to its average volume of 3,104,861. 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 company has a 50-day moving average of $29.62 and a 200 day moving average of $21.45. The stock has a market cap of $3.80 billion, a P/E ratio of 93.74, a price-to-earnings-growth ratio of 2.17 and a beta of 0.87. The GEO Group, Inc. has a 12-month low of $11.10 and a 12-month high of $36.46.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GEO. Northland Securities upped their price target on shares of The GEO Group from $16.00 to $37.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Wedbush reaffirmed an "outperform" rating on shares of The GEO Group in a research report on Tuesday, December 17th. Finally, Noble Financial cut shares of The GEO Group from an "outperform" rating to a "market perform" rating in a research report on Monday, November 11th.

Check Out Our Latest Report on The GEO Group

About The GEO Group

(Free Report)

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.

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Institutional Ownership by Quarter for The GEO Group (NYSE:GEO)

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