The GEO Group, Inc. (NYSE:GEO) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its stake in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,806,767 shares of the real estate investment trust's stock after selling 80,932 shares during the quarter. Vanguard Group Inc. owned approximately 10.59% of The GEO Group worth $414,293,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. SRS Capital Advisors Inc. boosted its stake in 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 valued at $33,000 after acquiring an additional 720 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of The GEO Group by 149.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 915 shares during the last quarter. GAMMA Investing LLC grew its stake in The GEO Group by 18.6% in the fourth quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust's stock worth $228,000 after purchasing an additional 1,281 shares in the last quarter. Arizona State Retirement System increased its holdings in The GEO Group by 3.3% in the fourth quarter. Arizona State Retirement System now owns 40,537 shares of the real estate investment trust's stock valued at $1,134,000 after buying an additional 1,289 shares during the last quarter. Finally, KBC Group NV raised its stake in The GEO Group by 37.2% during the fourth quarter. KBC Group NV now owns 6,023 shares of the real estate investment trust's stock valued at $169,000 after buying an additional 1,632 shares in the last quarter. Institutional investors own 76.10% of the company's stock.

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The GEO Group Stock Performance

Shares of GEO stock traded up $0.44 during trading hours on Monday, reaching $27.45. The stock had a trading volume of 5,353,884 shares, compared to its average volume of 2,775,302. The firm has a market capitalization of $3.87 billion, a PE ratio of 94.64, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The firm has a 50-day simple moving average of $27.61 and a 200-day simple moving average of $25.00. The GEO Group, Inc. has a twelve month low of $11.75 and a twelve month high of $36.46. 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 (NYSE:GEO - Get Free Report) last announced its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. The business had revenue of $607.72 million for the quarter, compared to the consensus estimate of $607.45 million. As a group, equities analysts forecast that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Noble Financial reiterated an "outperform" rating on shares of The GEO Group in a report on Monday, March 24th. Wedbush reissued an "outperform" rating and set a $46.00 target price on shares of The GEO Group in a report on Tuesday, March 18th. Jones Trading reaffirmed a "buy" rating and issued a $55.00 price target on shares of The GEO Group in a report on Friday, March 21st. StockNews.com lowered shares of The GEO Group from a "hold" rating to a "sell" rating in a research note on Tuesday, April 1st. Finally, UBS Group set a $35.00 target price on The GEO Group in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, The GEO Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.

Insider Activity at The GEO Group

In related news, EVP Shayn P. March sold 7,500 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $30.00, for a total transaction of $225,000.00. Following the sale, the executive vice president now owns 67,469 shares of the company's stock, valued at $2,024,070. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.30% of the company's stock.

The GEO Group 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.