Gordian Capital Singapore Pte Ltd Lowers Stock Holdings in The GEO Group, Inc. (NYSE:GEO)

Gordian Capital Singapore Pte Ltd cut its holdings in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 44.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,800 shares of the real estate investment trust's stock after selling 35,200 shares during the period. Gordian Capital Singapore Pte Ltd's holdings in The GEO Group were worth $1,254,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GEO. SRS Capital Advisors Inc. grew its holdings in shares of The GEO Group by 160.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 720 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of The GEO Group by 149.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust's stock worth $42,000 after acquiring an additional 915 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of The GEO Group in the fourth quarter valued at $29,000. Tyler Stone Wealth Management boosted its holdings in The GEO Group by 8.4% in the fourth quarter. Tyler Stone Wealth Management now owns 13,314 shares of the real estate investment trust's stock valued at $373,000 after purchasing an additional 1,030 shares during the period. Finally, Arizona State Retirement System grew its stake in The GEO Group by 3.3% during the 4th quarter. Arizona State Retirement System now owns 40,537 shares of the real estate investment trust's stock worth $1,134,000 after purchasing an additional 1,289 shares in the last quarter. Institutional investors and hedge funds own 76.10% of the company's stock.

Insider Activity at The GEO Group

In other news, EVP Shayn P. March sold 7,500 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was 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 directly owns 67,469 shares of the company's stock, valued at approximately $2,024,070. This represents a 10.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.30% of the stock is owned by insiders.

Analyst Ratings Changes

GEO has been the subject of a number of recent analyst reports. Noble Financial reaffirmed an "outperform" rating on shares of The GEO Group in a report on Monday, March 24th. StockNews.com raised The GEO Group from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. UBS Group set a $35.00 target price on The GEO Group in a research note on Monday, March 24th. Jones Trading dropped their price target on shares of The GEO Group from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Wedbush restated an "outperform" rating and set a $36.00 price objective (down previously from $46.00) on shares of The GEO Group in a research report on Thursday, May 8th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, The GEO Group has a consensus rating of "Moderate Buy" and a consensus price target of $38.00.

The GEO Group Stock Performance

Shares of GEO opened at $26.75 on Thursday. The company's 50 day simple moving average is $28.59 and its 200-day simple moving average is $28.15. 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 $3.78 billion, a PE ratio of 92.25, a price-to-earnings-growth ratio of 2.11 and a beta of 0.80. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25.

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

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