The GEO Group, Inc. (NYSE:GEO) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in The GEO Group, Inc. (NYSE:GEO - Free Report) by 50.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 106,353 shares of the real estate investment trust's stock after selling 106,633 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.08% of The GEO Group worth $2,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of GEO. NewEdge Advisors LLC bought a new position in The GEO Group during the fourth quarter valued at approximately $29,000. SRS Capital Advisors Inc. raised its position 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 worth $33,000 after purchasing an additional 720 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of The GEO Group by 149.5% during the 4th 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 last quarter. Jones Financial Companies Lllp lifted its position in shares of The GEO Group by 182.6% during the fourth quarter. Jones Financial Companies Lllp now owns 3,148 shares of the real estate investment trust's stock worth $88,000 after purchasing an additional 2,034 shares during the last quarter. Finally, Rothschild Investment LLC boosted its position in The GEO Group by 6,800.0% in the 4th quarter. Rothschild Investment LLC now owns 4,140 shares of the real estate investment trust's stock valued at $116,000 after buying an additional 4,080 shares during the period. 76.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on GEO. Wall Street Zen upgraded The GEO Group from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Noble Financial restated an "outperform" rating on shares of The GEO Group in a report on Monday, March 24th. UBS Group set a $35.00 target price on shares of The GEO Group in a report on Monday, March 24th. Jones Trading cut their target price on shares of The GEO Group from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Wedbush restated an "outperform" rating and issued a $36.00 price target (down previously from $46.00) on shares of The GEO Group in a report on Thursday, May 8th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, The GEO Group has an average rating of "Moderate Buy" and a consensus target price of $38.00.

Insider Transactions at The GEO Group

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of the firm's stock in a transaction that occurred on 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 directly owns 67,469 shares of the company's stock, valued at approximately $2,024,070. This trade represents a 10.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.30% of the company's stock.

The GEO Group Stock Up 0.2%

Shares of NYSE GEO traded up $0.07 during mid-day trading on Monday, reaching $27.02. 2,745,259 shares of the company were exchanged, compared to its average volume of 2,886,206. The GEO Group, Inc. has a 1 year low of $11.75 and a 1 year high of $36.46. The firm has a 50-day moving average of $28.16 and a 200 day moving average of $28.41. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 93.16, a P/E/G ratio of 2.11 and a beta of 0.76. 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 released its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.14 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 firm had revenue of $604.65 million for the quarter, compared to analysts' expectations of $611.81 million. During the same period in the previous year, the company posted $0.14 earnings per share. On average, research analysts expect that The GEO Group, Inc. will post 0.83 earnings per share 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.