IHT Wealth Management LLC Sells 14,335 Shares of The GEO Group, Inc. (NYSE:GEO)

IHT Wealth Management LLC decreased its stake in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 51.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,545 shares of the real estate investment trust's stock after selling 14,335 shares during the period. IHT Wealth Management LLC's holdings in The GEO Group were worth $379,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GEO. Geode Capital Management LLC grew its position in shares of The GEO Group by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 3,051,384 shares of the real estate investment trust's stock valued at $85,398,000 after acquiring an additional 35,281 shares during the period. Discovery Capital Management LLC CT grew its holdings 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 valued at $51,469,000 after purchasing an additional 1,452,400 shares during the period. Allianz Asset Management GmbH increased its position in The GEO Group by 5.8% in the fourth quarter. Allianz Asset Management GmbH now owns 1,491,209 shares of the real estate investment trust's stock worth $41,724,000 after buying an additional 82,341 shares in the last quarter. Nisa Investment Advisors LLC raised 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 buying an additional 411,565 shares during the period. Finally, Forest Avenue Capital Management LP purchased a new position in shares of The GEO Group during the 4th quarter valued at about $20,197,000. 76.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GEO shares. Wedbush restated an "outperform" rating and set a $46.00 target price on shares of The GEO Group in a research note on Tuesday, March 18th. Noble Financial restated an "outperform" rating on shares of The GEO Group in a research note on Monday, March 24th. Jones Trading reiterated a "buy" rating and issued a $55.00 price target on shares of The GEO Group in a research note on Friday, March 21st. UBS Group set a $35.00 price objective on The GEO Group in a research report on Monday, March 24th. Finally, StockNews.com cut The GEO Group from a "hold" rating to a "sell" rating in a research report on Tuesday, April 1st. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $41.00.

Insider Buying and Selling

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 transaction, the executive vice president now owns 67,469 shares in the company, valued at $2,024,070. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.30% of the stock is currently owned by company insiders.

The GEO Group Price Performance

GEO stock traded down $0.30 during mid-day trading on Wednesday, hitting $31.31. The company had a trading volume of 2,227,031 shares, compared to its average volume of 2,810,506. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 107.97, a P/E/G ratio of 2.11 and a beta of 0.78. The company has a 50-day moving average price of $27.79 and a 200 day moving average price of $26.82. 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, 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 announced its quarterly earnings results 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 GEO Group had a return on equity of 9.20% and a net margin of 2.00%. The business had revenue of $607.72 million during the quarter, compared to the consensus estimate of $607.45 million. On average, research analysts anticipate that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

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.