B. Riley Wealth Advisors Inc. Sells 150,100 Shares of The GEO Group, Inc. (NYSE:GEO)

B. Riley Wealth Advisors Inc. reduced its holdings in shares of The GEO Group, Inc. (NYSE:GEO) by 74.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,050 shares of the real estate investment trust’s stock after selling 150,100 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in The GEO Group were worth $1,428,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. SRS Capital Advisors Inc. lifted its holdings in The GEO Group by 160.0% during the fourth 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 raised its stake in shares of 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 buying an additional 915 shares during the period. NewEdge Advisors LLC bought a new stake in shares of The GEO Group in the fourth quarter valued at $29,000. Tyler Stone Wealth Management raised its stake in shares of The GEO Group by 8.4% in the fourth quarter. Tyler Stone Wealth Management now owns 13,314 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 1,030 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of 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 period. 76.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Shayn P. March sold 7,500 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $30.00, for a total transaction of $225,000.00. Following the completion of the transaction, the executive vice president now directly owns 67,469 shares in the company, valued at $2,024,070. The trade was a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.30% of the stock is owned by company insiders.

The GEO Group Stock Performance

NYSE:GEO opened at $27.51 on Wednesday. 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 GEO Group, Inc. has a 52-week low of $11.75 and a 52-week high of $36.46. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 94.87, a PEG ratio of 2.11 and a beta of 0.80. The business’s fifty day moving average is $28.56 and its 200 day moving average is $28.40.

The GEO Group (NYSE:GEO) last released its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. The company had revenue of $604.65 million for the quarter, compared to the consensus estimate of $611.81 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Research analysts predict that The GEO Group, Inc. will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

GEO has been the topic of several research reports. Wall Street Zen upgraded The GEO Group from a “sell” rating to a “hold” rating in a research note on Friday, May 9th. UBS Group set a $35.00 target price on The GEO Group in a research note on Monday, March 24th. Wedbush reiterated an “outperform” rating and set a $36.00 price objective (down from $46.00) on shares of The GEO Group in a research note on Thursday, May 8th. Noble Financial reiterated an “outperform” rating on shares of The GEO Group in a research note on Monday, March 24th. Finally, Jones Trading decreased their price objective on The GEO Group from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, The GEO Group has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

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.