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

Nisa Investment Advisors LLC cut its position in Geo Group Inc (The) (NYSE:GEO - Free Report) by 98.6% during the first quarter, according to the company in its most recent disclosure 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 large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in shares of Geo Group by 17.2% in 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 in the last quarter. Janus Henderson Group PLC raised its position in Geo Group by 87.4% in the 4th quarter. Janus Henderson Group PLC now owns 100,370 shares of the real estate investment trust's stock valued at $2,809,000 after purchasing an additional 46,820 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Geo Group during the first quarter worth $965,000. GAMMA Investing LLC increased its position in Geo Group by 3,023.7% in the 1st quarter. GAMMA Investing LLC now owns 254,740 shares of the real estate investment trust's stock valued at $7,441,000 after acquiring an additional 246,585 shares in the last quarter. Finally, Kirkoswald Asset Management LLC acquired a new position in shares of Geo Group during the fourth quarter worth approximately $5,036,000. 76.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on GEO shares. Wall Street Zen raised shares of Geo Group from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Jones Trading dropped their target price on Geo Group from $55.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Wedbush reaffirmed an "outperform" rating and set a $36.00 price target on shares of Geo Group in a research note on Monday, June 23rd. UBS Group set a $35.00 price target on Geo Group in a report on Monday, March 24th. Finally, Noble Financial reissued an "outperform" rating on shares of Geo Group in a report on Monday, March 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Geo Group presently has an average rating of "Moderate Buy" and an average target price of $38.00.

Geo Group Trading Down 2.8%

Shares of Geo Group stock traded down $0.71 on Friday, hitting $24.51. 2,825,160 shares of the company's stock traded hands, compared to its average volume of 2,914,552. The firm's 50-day moving average price is $25.79 and its two-hundred day moving average price is $27.82. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $3.46 billion, a PE ratio of 129.01, a price-to-earnings-growth ratio of 2.77 and a beta of 0.71. Geo Group Inc has a one year low of $11.75 and a one year high of $36.46.

Geo Group (NYSE:GEO - Get Free Report) last released its quarterly earnings data 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). Geo Group had a net margin of 1.19% and a return on equity of 7.36%. The company had revenue of $604.65 million during the quarter, compared to the consensus estimate of $611.81 million. During the same quarter in the prior year, the company posted $0.14 EPS. On average, research analysts expect that Geo Group Inc will post 0.83 EPS for the current fiscal year.

About Geo Group

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.