Thompson Siegel & Walmsley LLC Sells 411,825 Shares of The GEO Group, Inc. (NYSE:GEO)

Thompson Siegel & Walmsley LLC lowered its stake in The GEO Group, Inc. (NYSE:GEO - Free Report) by 27.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,070,639 shares of the real estate investment trust's stock after selling 411,825 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.85% of The GEO Group worth $11,595,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC acquired a new stake in shares of The GEO Group during the fourth quarter valued at about $48,000. Byrne Asset Management LLC boosted its position in The GEO Group by 47.8% during the 4th quarter. Byrne Asset Management LLC now owns 6,800 shares of the real estate investment trust's stock worth $76,000 after buying an additional 2,200 shares during the period. Privium Fund Management UK Ltd bought a new stake in The GEO Group during the 3rd quarter worth approximately $109,000. QRG Capital Management Inc. acquired a new position in The GEO Group in the 3rd quarter valued at approximately $116,000. Finally, Waters Parkerson & CO. LLC bought a new position in shares of The GEO Group during the third quarter valued at $123,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

The GEO Group Trading Down 1.1 %

The GEO Group stock traded down $0.15 during trading hours on Friday, reaching $13.48. 2,343,462 shares of the company's stock were exchanged, compared to its average volume of 2,336,388. The firm's 50 day simple moving average is $14.08 and its 200 day simple moving average is $11.87. The GEO Group, Inc. has a twelve month low of $6.94 and a twelve month high of $16.31. The company has a quick ratio of 1.21, a current ratio of 1.26 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $1.84 billion, a PE ratio of 18.99, a PEG ratio of 1.34 and a beta of 0.59.

The GEO Group (NYSE:GEO - Get Free Report) last announced its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The business had revenue of $605.67 million for the quarter, compared to the consensus estimate of $603.84 million. The GEO Group had a net margin of 4.51% and a return on equity of 8.88%. During the same quarter in the previous year, the company earned $0.22 EPS. Research analysts predict that The GEO Group, Inc. will post 1.01 earnings per share for the current year.

Insider Transactions at The GEO Group

In related news, CFO Shayn P. March sold 2,500 shares of the business's stock in a transaction on Friday, April 5th. The shares were sold at an average price of $15.00, for a total transaction of $37,500.00. Following the transaction, the chief financial officer now owns 67,830 shares in the company, valued at approximately $1,017,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.30% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wedbush decreased their price objective on The GEO Group from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday.

About The 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.