Charles Schwab Investment Management Inc. decreased its stake in The GEO Group, Inc. (NYSE:GEO - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,791,414 shares of the real estate investment trust's stock after selling 209,108 shares during the period. Charles Schwab Investment Management Inc. owned 2.00% of The GEO Group worth $78,104,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. State Street Corp boosted its stake in The GEO Group by 1.4% in the third quarter. State Street Corp now owns 4,919,298 shares of the real estate investment trust's stock valued at $63,213,000 after acquiring 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% in the 3rd quarter. Geode Capital Management LLC now owns 3,016,103 shares of the real estate investment trust's stock valued at $38,765,000 after purchasing an additional 97,452 shares during the last quarter. Philosophy Capital Management LLC boosted its position in shares of The GEO Group by 17.1% in the 3rd quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust's stock valued at $21,125,000 after purchasing an additional 240,251 shares during the period. Allianz Asset Management GmbH boosted its position in shares of The GEO Group by 5.8% in the 4th 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 purchasing an additional 82,341 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in The GEO Group by 91.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust's stock worth $24,050,000 after buying an additional 411,565 shares during the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.
The GEO Group Stock Performance
GEO traded up $1.11 during trading on Friday, hitting $26.66. The stock had a trading volume of 2,461,632 shares, compared to its average volume of 2,726,882. The GEO Group, Inc. has a twelve month low of $11.75 and a twelve month high of $36.46. The firm has a market capitalization of $3.74 billion, a P/E ratio of 91.94, a PEG ratio of 2.11 and a beta of 0.91. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.10. The company's 50-day moving average price is $28.94 and its 200 day moving average price is $23.01.
The GEO Group (NYSE:GEO - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $607.45 million. On average, equities research analysts forecast that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on GEO. Noble Financial upgraded 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 note on Wednesday, March 5th. Wedbush reissued an "outperform" rating on shares of The GEO Group in a research report on Tuesday, December 17th. Finally, UBS Group set a $32.00 price objective on shares of The GEO Group in a research note on Wednesday, March 5th.
Check Out Our Latest Stock Report on The GEO Group
The GEO Group Company Profile
(
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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