Quantedge Capital Pte Ltd Decreases Stock Position in The GEO Group, Inc. (NYSE:GEO)

Quantedge Capital Pte Ltd lessened its position in The GEO Group, Inc. (NYSE:GEO) by 82.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,090 shares of the real estate investment trust’s stock after selling 335,400 shares during the quarter. Quantedge Capital Pte Ltd’s holdings in The GEO Group were worth $1,933,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of The GEO Group by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 3,051,384 shares of the real estate investment trust’s stock valued at $85,398,000 after acquiring an additional 35,281 shares in the last quarter. Discovery Capital Management LLC CT increased its holdings in shares of The GEO Group by 375.2% in the fourth quarter. Discovery Capital Management LLC CT now owns 1,839,500 shares of the real estate investment trust’s stock valued at $51,469,000 after purchasing an additional 1,452,400 shares during the last quarter. Northern Trust Corp increased its holdings in shares of The GEO Group by 12.6% in the fourth quarter. Northern Trust Corp now owns 1,522,360 shares of the real estate investment trust’s stock valued at $42,596,000 after purchasing an additional 170,248 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of The GEO Group by 5.8% in the fourth quarter. Allianz Asset Management GmbH now owns 1,491,209 shares of the real estate investment trust’s stock valued at $41,724,000 after purchasing an additional 82,341 shares during the last quarter. Finally, Newbrook Capital Advisors LP acquired a new stake in shares of The GEO Group in the fourth quarter valued at approximately $35,738,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Insider Activity

In other news, EVP Shayn P. March sold 7,500 shares of The GEO Group 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 completion of the sale, the executive vice president now directly owns 67,469 shares of the company’s stock, valued at approximately $2,024,070. The trade was a 10.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.30% of the company’s stock.

The GEO Group Price Performance

GEO stock opened at $26.51 on Thursday. The business has a fifty day moving average of $28.39 and a two-hundred day moving average of $27.76. 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 stock has a market cap of $3.75 billion, a price-to-earnings ratio of 91.42, a price-to-earnings-growth ratio of 2.11 and a beta of 0.80. The GEO Group, Inc. has a 52-week low of $11.75 and a 52-week high of $36.46.

The GEO Group (NYSE:GEO) last posted its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). The business had revenue of $604.65 million for the quarter, compared to analyst estimates of $611.81 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. During the same period last year, the business earned $0.14 EPS. As a group, research analysts anticipate that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GEO has been the subject of several recent research reports. UBS Group set a $35.00 price target on The GEO Group in a report on Monday, March 24th. Wedbush reaffirmed an “outperform” rating and issued a $36.00 price target (down previously from $46.00) on shares of The GEO Group in a report on Thursday, May 8th. StockNews.com raised The GEO Group from a “sell” rating to a “hold” rating in a report on Friday, May 9th. Jones Trading cut their price target on The GEO Group from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Finally, Noble Financial reaffirmed an “outperform” rating on shares of The GEO Group in a report on Monday, March 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

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.