AlphaQuest LLC Sells 35,694 Shares of The GEO Group, Inc. (NYSE:GEO)

AlphaQuest LLC cut its stake in shares of The GEO Group, Inc. (NYSE:GEO) by 75.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,686 shares of the real estate investment trust’s stock after selling 35,694 shares during the quarter. AlphaQuest LLC’s holdings in The GEO Group were worth $327,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GEO. Point72 Asset Management L.P. boosted its position in The GEO Group by 363.5% in the third quarter. Point72 Asset Management L.P. now owns 702,107 shares of the real estate investment trust’s stock valued at $9,022,000 after buying an additional 968,601 shares in the last quarter. Hodges Capital Management Inc. raised its stake in shares of The GEO Group by 1,501.6% in the third quarter. Hodges Capital Management Inc. now owns 788,800 shares of the real estate investment trust’s stock valued at $10,136,000 after acquiring an additional 739,550 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of The GEO Group by 91.9% in the 4th 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. Philosophy Capital Management LLC grew its position in The GEO Group by 17.1% during the 3rd quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust’s stock worth $21,125,000 after acquiring an additional 240,251 shares during the last quarter. Finally, Pinnbrook Capital Management LP acquired a new stake in The GEO Group during the 4th quarter valued at $4,837,000. Institutional investors own 76.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GEO shares. UBS Group set a $32.00 target price on The GEO Group in a report on Wednesday, March 5th. Wedbush reiterated an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th. Finally, Noble Financial upgraded shares of The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research report on Wednesday, March 5th.

The GEO Group Stock Up 4.4 %

NYSE GEO opened at $26.66 on Friday. The stock has a market capitalization of $3.74 billion, a P/E ratio of 91.94, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The GEO Group, Inc. has a 52 week low of $11.75 and a 52 week high of $36.46. 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 stock has a fifty day moving average of $28.83 and a 200-day moving average of $23.11.

The GEO Group (NYSE:GEO) last announced its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $607.72 million during the quarter, compared to analyst estimates of $607.45 million. On average, equities research analysts forecast that The GEO Group, Inc. will post 0.83 EPS 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.