Voya Investment Management LLC Has $8.07 Million Holdings in The GEO Group, Inc. (NYSE:GEO)

Voya Investment Management LLC lessened its stake in The GEO Group, Inc. (NYSE:GEO - Free Report) by 49.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 288,473 shares of the real estate investment trust's stock after selling 276,875 shares during the quarter. Voya Investment Management LLC owned about 0.21% of The GEO Group worth $8,071,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Discovery Capital Management LLC CT increased its stake in The GEO Group by 375.2% during the fourth quarter. Discovery Capital Management LLC CT now owns 1,839,500 shares of the real estate investment trust's stock worth $51,469,000 after acquiring an additional 1,452,400 shares during the last quarter. Forest Avenue Capital Management LP purchased a new stake in The GEO Group during the 4th quarter worth $20,197,000. Wellington Management Group LLP purchased a new position in The GEO Group in the 4th quarter valued at about $17,685,000. Nisa Investment Advisors LLC lifted its stake in shares of The GEO Group by 91.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust's stock worth $24,050,000 after acquiring an additional 411,565 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in The GEO Group during the 4th quarter valued at approximately $7,398,000. 76.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at The GEO Group

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of The GEO Group 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 completion of the transaction, the executive vice president now directly owns 67,469 shares of the company's stock, valued at $2,024,070. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.30% of the company's stock.

The GEO Group Price Performance

Shares of GEO stock traded up $0.11 during trading hours on Friday, hitting $31.65. 2,105,492 shares of the company's stock were exchanged, compared to its average volume of 2,820,319. The GEO Group, Inc. has a 52 week low of $11.75 and a 52 week high of $36.46. The stock's 50-day moving average is $28.14 and its 200-day moving average is $27.08. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 109.14, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10.

The GEO Group (NYSE:GEO - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The business had revenue of $607.72 million during the quarter, compared to analyst estimates of $607.45 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. As a group, research analysts forecast that The GEO Group, Inc. will post 0.83 EPS 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.