The GEO Group, Inc. (NYSE:GEO) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in The GEO Group, Inc. (NYSE:GEO - Free Report) by 87.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,290 shares of the real estate investment trust's stock after selling 170,086 shares during the quarter. Victory Capital Management Inc.'s holdings in The GEO Group were worth $708,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GEO. Bravias Capital Group LLC acquired a new position in The GEO Group in the 4th quarter valued at $186,000. Jones Financial Companies Lllp grew its holdings in The GEO Group by 182.6% in the 4th quarter. Jones Financial Companies Lllp now owns 3,148 shares of the real estate investment trust's stock valued at $88,000 after buying an additional 2,034 shares during the period. SRS Capital Advisors Inc. lifted its holdings in shares of The GEO Group by 160.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 720 shares during the period. Smartleaf Asset Management LLC grew its holdings in The GEO Group by 149.5% in the fourth 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 period. Finally, Proficio Capital Partners LLC purchased a new position in The GEO Group during the fourth quarter worth approximately $313,000. 76.10% of the stock is owned by institutional investors and hedge funds.

The GEO Group Stock Down 0.4 %

GEO stock traded down $0.13 during midday trading on Tuesday, hitting $28.99. 1,492,077 shares of the company's stock were exchanged, compared to its average volume of 2,685,343. The firm has a 50 day moving average price of $28.54 and a 200-day moving average price of $23.86. The GEO Group, Inc. has a 12-month low of $11.75 and a 12-month high of $36.46. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 99.97, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25.

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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 company had revenue of $607.72 million during the quarter, compared to analyst estimates of $607.45 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. On average, analysts anticipate that The GEO Group, Inc. will post 0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wedbush reissued an "outperform" rating and set a $46.00 price target on shares of The GEO Group in a research report on Tuesday, March 18th. UBS Group set a $32.00 target price on shares of The GEO Group in a report on Wednesday, March 5th. StockNews.com downgraded The GEO Group from a "hold" rating to a "sell" rating in a research report on Thursday, March 20th. Noble Financial upgraded The GEO Group from a "market perform" rating to an "outperform" rating and set a $32.00 target price for the company in a research note on Wednesday, March 5th. Finally, Jones Trading restated a "buy" rating and issued a $55.00 price target on shares of The GEO Group in a report on Friday. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.40.

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.