WINTON GROUP Ltd cut its holdings in The GEO Group, Inc. (NYSE:GEO - Free Report) by 82.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,519 shares of the real estate investment trust's stock after selling 70,237 shares during the period. WINTON GROUP Ltd's holdings in The GEO Group were worth $406,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in The GEO Group during the third quarter valued at approximately $25,000. SRS Capital Advisors Inc. grew its stake in The GEO Group by 160.0% in 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 buying an additional 720 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in The GEO Group by 149.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust's stock worth $42,000 after acquiring an additional 915 shares during the period. Morse Asset Management Inc acquired a new position in The GEO Group during the 3rd quarter worth $67,000. Finally, Quarry LP bought a new stake in The GEO Group during the third quarter valued at about $77,000. 76.10% of the stock is currently owned by institutional investors.
Insider Transactions at The GEO Group
In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of the company's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $30.00, for a total value of $225,000.00. Following the sale, the executive vice president now directly owns 67,469 shares in the company, valued at $2,024,070. This represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.30% of the stock is currently owned by insiders.
The GEO Group Stock Performance
The GEO Group stock traded down $2.04 on Friday, hitting $27.00. The company's stock had a trading volume of 4,246,929 shares, compared to its average volume of 2,775,080. The GEO Group, Inc. has a one year low of $11.75 and a one year high of $36.46. The firm has a market cap of $3.81 billion, a P/E ratio of 93.11, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The company has a fifty day moving average price of $27.68 and a 200-day moving average price of $24.72.
The GEO Group (NYSE:GEO - Get Free Report) last posted its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.08). The business had revenue of $607.72 million during the quarter, compared to the consensus estimate of $607.45 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. On average, equities analysts anticipate that The GEO Group, Inc. will post 0.83 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities analysts have recently commented on GEO shares. Noble Financial reiterated an "outperform" rating on shares of The GEO Group in a research note on Monday, March 24th. Wedbush reaffirmed an "outperform" rating and issued a $46.00 price target on shares of The GEO Group in a research report on Tuesday, March 18th. StockNews.com cut The GEO Group from a "hold" rating to a "sell" rating in a research report on Tuesday. UBS Group set a $35.00 target price on shares of The GEO Group in a research report on Monday, March 24th. Finally, Jones Trading reissued a "buy" rating and issued a $55.00 price target on shares of The GEO Group in a report on Friday, March 21st. One analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $41.00.
View 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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