The GEO Group, Inc. (NYSE:GEO) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its stake in The GEO Group, Inc. (NYSE:GEO) by 49.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 288,473 shares of the real estate investment trust’s stock after selling 276,875 shares during the period. Voya Investment Management LLC’s holdings in The GEO Group were worth $8,071,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GEO. Discovery Capital Management LLC CT grew its holdings in shares of The GEO Group by 375.2% during the fourth quarter. Discovery Capital Management LLC CT now owns 1,839,500 shares of the real estate investment trust’s stock worth $51,469,000 after purchasing an additional 1,452,400 shares during the last quarter. Forest Avenue Capital Management LP acquired a new stake in shares of The GEO Group in the 4th quarter valued at about $20,197,000. Wellington Management Group LLP acquired a new stake in shares of The GEO Group in the 4th quarter valued at about $17,685,000. Nisa Investment Advisors LLC grew its stake in The GEO Group by 91.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust’s stock worth $24,050,000 after buying an additional 411,565 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in The GEO Group during the fourth quarter worth approximately $7,398,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

The GEO Group Stock Up 4.2 %

Shares of The GEO Group stock opened at $31.58 on Wednesday. The GEO Group, Inc. has a one year low of $11.75 and a one year high of $36.46. The company has a market cap of $4.45 billion, a P/E ratio of 108.90, a PEG ratio of 2.11 and a beta of 0.78. 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 firm has a fifty day moving average of $27.79 and a two-hundred day moving average of $26.82.

The GEO Group (NYSE:GEO) last announced its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $607.72 million during the quarter, compared to analyst estimates of $607.45 million. On average, analysts forecast that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

Insider Buying and Selling

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $30.00, for a total transaction of $225,000.00. Following the sale, the executive vice president now directly owns 67,469 shares in the company, valued at approximately $2,024,070. The trade was a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.