Russell Investments Group Ltd. Sells 21,213 Shares of The GEO Group, Inc. (NYSE:GEO)

Russell Investments Group Ltd. reduced its position in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 20.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 84,054 shares of the real estate investment trust's stock after selling 21,213 shares during the quarter. Russell Investments Group Ltd. owned about 0.06% of The GEO Group worth $2,352,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. raised its position in shares of The GEO Group by 160.0% during the fourth 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 raised its holdings in The GEO Group by 149.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust's stock worth $42,000 after buying an additional 915 shares during the last quarter. Morse Asset Management Inc bought a new position in shares of The GEO Group in the third quarter valued at $67,000. Jones Financial Companies Lllp grew its holdings 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 valued at $88,000 after buying an additional 2,034 shares during the last quarter. Finally, Rothschild Investment LLC increased its position in shares of The GEO Group by 6,800.0% during the fourth quarter. Rothschild Investment LLC now owns 4,140 shares of the real estate investment trust's stock worth $116,000 after acquiring an additional 4,080 shares in the last quarter. Institutional investors own 76.10% of the company's stock.

Wall Street Analysts Forecast Growth

GEO has been the subject of a number of analyst reports. StockNews.com downgraded The GEO Group from a "hold" rating to a "sell" rating in a research note on Tuesday, April 1st. Noble Financial reaffirmed an "outperform" rating on shares of The GEO Group in a research report on Monday, March 24th. Jones Trading reiterated a "buy" rating and issued a $55.00 price objective on shares of The GEO Group in a research note on Friday, March 21st. UBS Group set a $35.00 target price on The GEO Group in a research note on Monday, March 24th. Finally, Wedbush reaffirmed an "outperform" rating and set a $46.00 price target on shares of The GEO Group in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $41.00.

The GEO Group Stock Performance

GEO traded up $1.06 during midday trading on Thursday, reaching $29.39. The company had a trading volume of 719,853 shares, compared to its average volume of 2,784,409. The GEO Group, Inc. has a 12-month low of $11.75 and a 12-month high of $36.46. The business has a 50-day moving average price of $27.52 and a two-hundred day moving average price of $26.27. The stock has a market cap of $4.14 billion, a PE ratio of 101.12, a P/E/G ratio of 2.11 and a beta of 0.78. 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 GEO Group (NYSE:GEO - Get Free Report) last issued its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). The firm had revenue of $607.72 million during the quarter, compared to the consensus estimate of $607.45 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. On average, sell-side analysts expect that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Insider Transactions at The GEO Group

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of the business's stock in a transaction 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 sale, the executive vice president now owns 67,469 shares of the company's stock, valued at $2,024,070. The trade was a 10.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 5.30% of the company's stock.

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.