The GEO Group, Inc. (NYSE:GEO) Stock Holdings Cut by Carronade Capital Management LP

Carronade Capital Management LP cut its position in The GEO Group, Inc. (NYSE:GEO - Free Report) by 5.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,601,935 shares of the real estate investment trust's stock after selling 100,000 shares during the period. The GEO Group makes up about 2.5% of Carronade Capital Management LP's investment portfolio, making the stock its 5th largest holding. Carronade Capital Management LP owned about 1.15% of The GEO Group worth $44,822,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GEO. Nisa Investment Advisors LLC raised its position in The GEO Group by 91.9% in 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. GAMMA Investing LLC grew its stake in shares of The GEO Group by 18.6% in the fourth quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust's stock worth $228,000 after acquiring an additional 1,281 shares during the period. RoundAngle Advisors LLC purchased a new position in shares of The GEO Group during the fourth quarter valued at approximately $806,000. Pinnbrook Capital Management LP bought a new position in The GEO Group during the fourth quarter valued at approximately $4,837,000. Finally, Wells Fargo & Company MN boosted its holdings in The GEO Group by 17.2% in the fourth quarter. Wells Fargo & Company MN now owns 106,488 shares of the real estate investment trust's stock worth $2,980,000 after purchasing an additional 15,663 shares during the last quarter. Institutional investors own 76.10% of the company's stock.

The GEO Group Price Performance

NYSE:GEO traded down $1.08 on Friday, reaching $25.22. 4,271,499 shares of the company's stock traded hands, compared to its average volume of 2,881,201. The stock has a 50-day simple moving average of $28.31 and a 200-day simple moving average of $27.61. The GEO Group, Inc. has a 12 month low of $11.75 and a 12 month high of $36.46. The firm has a market cap of $3.56 billion, a PE ratio of 86.97, a P/E/G ratio of 2.11 and a beta of 0.80. 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 GEO Group (NYSE:GEO - Get Free Report) last issued 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 GEO Group had a net margin of 2.00% and a return on equity of 9.20%. The business had revenue of $604.65 million for the quarter, compared to the consensus estimate of $611.81 million. During the same period last year, the business posted $0.14 EPS. Equities research analysts forecast that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wedbush reiterated an "outperform" rating and set a $36.00 target price (down from $46.00) on shares of The GEO Group in a research note on Thursday. Noble Financial reissued an "outperform" rating on shares of The GEO Group in a report on Monday, March 24th. UBS Group set a $35.00 price objective on shares of The GEO Group in a report on Monday, March 24th. 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. Finally, StockNews.com raised shares of The GEO Group from a "sell" rating to a "hold" rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, The GEO Group has an average rating of "Moderate Buy" and an average price target of $38.00.

Insider Activity at The GEO Group

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of the 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 transaction, the executive vice president now owns 67,469 shares of the company's stock, valued at $2,024,070. This represents a 10.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.30% of the stock is currently owned by corporate insiders.

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.