Balyasny Asset Management L.P. Decreases Holdings in The GEO Group, Inc. (NYSE:GEO)

Balyasny Asset Management L.P. trimmed its holdings in The GEO Group, Inc. (NYSE:GEO - Free Report) by 54.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 779,475 shares of the real estate investment trust's stock after selling 923,660 shares during the quarter. Balyasny Asset Management L.P. owned 0.56% of The GEO Group worth $21,810,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in GEO. Barclays PLC boosted its position in shares of The GEO Group by 374.6% in the 3rd quarter. Barclays PLC now owns 216,447 shares of the real estate investment trust's stock valued at $2,781,000 after purchasing an additional 170,839 shares during the period. Tidal Investments LLC lifted its holdings in The GEO Group by 27.9% in the 3rd quarter. Tidal Investments LLC now owns 22,000 shares of the real estate investment trust's stock worth $283,000 after purchasing an additional 4,800 shares during the last quarter. GAMMA Investing LLC lifted its holdings in The GEO Group by 18.6% in the 4th quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust's stock worth $228,000 after purchasing an additional 1,281 shares during the last quarter. RoundAngle Advisors LLC acquired a new stake in The GEO Group in the 4th quarter worth approximately $806,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of The GEO Group in the fourth quarter worth about $207,000. Institutional investors own 76.10% of the company's stock.

The GEO Group Stock Performance

GEO stock traded up $0.80 during mid-day trading on Tuesday, hitting $26.96. The company had a trading volume of 550,706 shares, compared to its average volume of 2,878,804. The firm has a market cap of $3.80 billion, a PE ratio of 92.97, a price-to-earnings-growth ratio of 2.11 and a beta of 0.80. 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 12 month low of $11.75 and a 12 month high of $36.46. The stock's fifty day moving average price is $28.32 and its two-hundred day moving average price is $27.77.

The GEO Group (NYSE:GEO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.04). The company had revenue of $604.65 million during the quarter, compared to the consensus estimate 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 in the previous year, the company earned $0.14 EPS. On average, analysts forecast that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Insider Transactions at The GEO Group

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of the firm's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $30.00, for a total transaction of $225,000.00. Following the completion of the sale, the executive vice president now directly owns 67,469 shares in the company, valued at approximately $2,024,070. This trade represents a 10.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.30% of the company's stock.

Analyst Upgrades and Downgrades

GEO has been the topic of a number of research reports. UBS Group set a $35.00 price objective on The GEO Group in a research report on Monday, March 24th. Wedbush reaffirmed an "outperform" rating and set a $36.00 price target (down from $46.00) on shares of The GEO Group in a research report on Thursday, May 8th. StockNews.com raised The GEO Group from a "sell" rating to a "hold" rating in a report on Friday. Jones Trading decreased their target price on The GEO Group from $55.00 to $50.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Noble Financial reissued an "outperform" rating on shares of The GEO Group in a report on Monday, March 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, The GEO Group has an average 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.