LSV Asset Management Trims Holdings in The GEO Group, Inc. (NYSE:GEO)

LSV Asset Management cut its position in shares of The GEO Group, Inc. (NYSE:GEO) by 7.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 372,186 shares of the real estate investment trust’s stock after selling 31,300 shares during the quarter. LSV Asset Management’s holdings in The GEO Group were worth $4,031,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Aigen Investment Management LP raised its holdings in The GEO Group by 320.2% in the 3rd quarter. Aigen Investment Management LP now owns 118,596 shares of the real estate investment trust’s stock valued at $970,000 after acquiring an additional 90,369 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new stake in The GEO Group in the 3rd quarter worth about $577,000. River Road Asset Management LLC purchased a new stake in The GEO Group in the 4th quarter valued at about $32,230,000. Louisiana State Employees Retirement System acquired a new position in shares of The GEO Group during the 4th quarter valued at about $662,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of The GEO Group by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,949,240 shares of the real estate investment trust’s stock worth $24,125,000 after acquiring an additional 40,079 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

Insider Buying and Selling

In other news, CFO Shayn P. March sold 2,500 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $15.00, for a total transaction of $37,500.00. Following the transaction, the chief financial officer now directly owns 67,830 shares of the company’s stock, valued at $1,017,450. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Wedbush cut their price target on shares of The GEO Group from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday.

The GEO Group Stock Down 0.1 %

Shares of NYSE:GEO opened at $13.62 on Thursday. The stock has a 50-day simple moving average of $14.03 and a 200-day simple moving average of $11.78. The stock has a market capitalization of $1.73 billion, a P/E ratio of 17.91, a PEG ratio of 1.45 and a beta of 0.59. The GEO Group, Inc. has a 1 year low of $6.94 and a 1 year high of $16.31. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.21 and a current ratio of 1.21.

The GEO Group (NYSE:GEO) last released its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). The GEO Group had a return on equity of 9.43% and a net margin of 4.72%. The business had revenue of $605.67 million for the quarter, compared to analysts’ expectations of $603.84 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. Equities analysts forecast that The GEO Group, Inc. will post 1.01 earnings per share for the current year.

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.