Thompson Siegel & Walmsley LLC Lowers Stake in The GEO Group, Inc. (NYSE:GEO)

Thompson Siegel & Walmsley LLC lessened its holdings in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 2.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 797,571 shares of the real estate investment trust's stock after selling 19,476 shares during the period. Thompson Siegel & Walmsley LLC owned 0.57% of The GEO Group worth $10,249,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GEO. Versor Investments LP bought a new stake in The GEO Group during the third quarter worth about $604,000. Great Lakes Advisors LLC boosted its position in shares of The GEO Group by 1,803.4% in the 2nd quarter. Great Lakes Advisors LLC now owns 312,508 shares of the real estate investment trust's stock worth $4,488,000 after purchasing an additional 296,090 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of The GEO Group by 352.4% in the 2nd quarter. Renaissance Technologies LLC now owns 100,425 shares of the real estate investment trust's stock worth $1,442,000 after buying an additional 78,225 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in The GEO Group during the 2nd quarter valued at approximately $2,104,000. Finally, Victory Capital Management Inc. raised its stake in The GEO Group by 112.2% during the second quarter. Victory Capital Management Inc. now owns 174,414 shares of the real estate investment trust's stock valued at $2,505,000 after buying an additional 92,210 shares during the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GEO has been the subject of several analyst reports. Northland Securities raised their price target on The GEO Group from $16.00 to $37.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Noble Financial downgraded shares of The GEO Group from an "outperform" rating to a "market perform" rating in a research note on Monday, November 11th. StockNews.com cut shares of The GEO Group from a "buy" rating to a "hold" rating in a report on Wednesday, August 7th. Finally, Wedbush lifted their target price on The GEO Group from $25.00 to $30.00 and gave the stock an "outperform" rating in a report on Friday, November 8th.

The GEO Group Stock Down 0.2 %

GEO stock traded down $0.05 during trading on Friday, reaching $28.68. 2,513,180 shares of the company traded hands, compared to its average volume of 2,710,288. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 98.88, a price-to-earnings-growth ratio of 3.44 and a beta of 0.63. 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 business has a 50 day simple moving average of $17.22 and a 200 day simple moving average of $15.08. The GEO Group, Inc. has a 12 month low of $9.74 and a 12 month high of $29.57.

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.