Nisa Investment Advisors LLC Sells 847,575 Shares of Geo Group Inc (The) (NYSE:GEO)

Nisa Investment Advisors LLC cut its holdings in Geo Group Inc (The) (NYSE:GEO - Free Report) by 98.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,953 shares of the real estate investment trust's stock after selling 847,575 shares during the period. Nisa Investment Advisors LLC's holdings in Geo Group were worth $349,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of Geo Group by 17.2% during the 4th quarter. Wells Fargo & Company MN now owns 106,488 shares of the real estate investment trust's stock worth $2,980,000 after acquiring an additional 15,663 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Geo Group by 87.4% during the 4th quarter. Janus Henderson Group PLC now owns 100,370 shares of the real estate investment trust's stock worth $2,809,000 after acquiring an additional 46,820 shares during the period. SG Americas Securities LLC purchased a new position in shares of Geo Group during the 1st quarter worth about $965,000. GAMMA Investing LLC lifted its holdings in shares of Geo Group by 3,023.7% during the 1st quarter. GAMMA Investing LLC now owns 254,740 shares of the real estate investment trust's stock worth $7,441,000 after acquiring an additional 246,585 shares during the period. Finally, Kirkoswald Asset Management LLC purchased a new position in shares of Geo Group during the 4th quarter worth about $5,036,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on GEO. Wall Street Zen raised shares of Geo Group from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Jones Trading reduced their target price on Geo Group from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Noble Financial reiterated an "outperform" rating on shares of Geo Group in a research note on Monday, March 24th. UBS Group set a $35.00 target price on Geo Group in a research note on Monday, March 24th. Finally, Wedbush restated an "outperform" rating and set a $36.00 price objective on shares of Geo Group in a research note on Monday, June 23rd. One investment analyst has rated the stock with a hold rating and four have issued 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.

Geo Group Trading Down 2.8%

GEO traded down $0.71 during trading on Friday, reaching $24.51. The company had a trading volume of 3,054,186 shares, compared to its average volume of 2,918,396. The firm's 50-day simple moving average is $25.77 and its 200 day simple moving average is $27.80. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 129.01, a PEG ratio of 2.66 and a beta of 0.71. Geo Group Inc has a 12-month low of $11.75 and a 12-month high of $36.46. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.29 and a current ratio of 1.29.

Geo Group (NYSE:GEO - Get Free Report) last released 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 business had revenue of $604.65 million for the quarter, compared to analysts' expectations of $611.81 million. Geo Group had a net margin of 1.19% and a return on equity of 7.36%. During the same period last year, the firm earned $0.14 EPS. Equities research analysts anticipate that Geo Group Inc will post 0.83 earnings per share for the current year.

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.