The GEO Group, Inc. (NYSE:GEO) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its stake in The GEO Group, Inc. (NYSE:GEO - Free Report) by 3.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 359,016 shares of the real estate investment trust's stock after selling 13,292 shares during the period. Rhumbline Advisers owned about 0.25% of The GEO Group worth $10,487,000 at the end of the most recent reporting period.

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

The GEO Group Price Performance

Shares of NYSE GEO traded down $0.86 during midday trading on Wednesday, reaching $26.10. The stock had a trading volume of 2,643,552 shares, compared to its average volume of 2,882,995. 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 company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 90.00, a price-to-earnings-growth ratio of 2.11 and a beta of 0.76. The stock has a 50-day moving average of $28.07 and a 200-day moving average of $28.39. The GEO Group, Inc. has a 12-month low of $11.75 and a 12-month high of $36.46.

The GEO Group (NYSE:GEO - Get Free Report) last posted 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 quarter in the previous year, the company posted $0.14 earnings per share. As a group, research analysts anticipate that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Shayn P. March sold 7,500 shares of The GEO Group 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 transaction, the executive vice president now owns 67,469 shares in the company, valued at approximately $2,024,070. This trade represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on GEO shares. Noble Financial reaffirmed an "outperform" rating on shares of The GEO Group in a research report on Monday, March 24th. Wedbush reissued an "outperform" rating and set a $36.00 target price (down previously from $46.00) on shares of The GEO Group in a research report on Thursday, May 8th. Jones Trading cut 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. UBS Group set a $35.00 price target on shares of The GEO Group in a research report on Monday, March 24th. Finally, Wall Street Zen raised shares of The GEO Group from a "sell" rating to a "hold" rating in a report on Friday, May 9th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, The GEO Group currently has an average rating of "Moderate Buy" and a consensus target price of $38.00.

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.