The GEO Group, Inc. (NYSE:GEO) Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC lowered its stake in shares of The GEO Group, Inc. (NYSE:GEO) by 13.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 44,641 shares of the real estate investment trust’s stock after selling 6,652 shares during the quarter. Boothbay Fund Management LLC’s holdings in The GEO Group were worth $1,249,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in 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 worth $85,398,000 after acquiring an additional 35,281 shares in the last quarter. Discovery Capital Management LLC CT lifted its position in shares of 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 purchasing an additional 1,452,400 shares during the last quarter. Allianz Asset Management GmbH grew its stake 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 purchasing an additional 82,341 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in The GEO Group by 91.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust’s stock valued at $24,050,000 after buying an additional 411,565 shares in the last quarter. Finally, Forest Avenue Capital Management LP acquired a new stake in The GEO Group during the fourth quarter valued at approximately $20,197,000. Institutional investors own 76.10% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity 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 stock was 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 owns 67,469 shares in the company, valued at approximately $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 can be accessed through this link. 5.30% of the stock is owned by insiders.

The GEO Group Stock Down 0.8 %

The GEO Group stock opened at $30.34 on Tuesday. 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, Inc. has a one year low of $11.75 and a one year high of $36.46. The company has a 50-day simple moving average of $27.69 and a 200-day simple moving average of $26.79. The firm has a market capitalization of $4.28 billion, a P/E ratio of 104.62, a P/E/G ratio of 2.11 and a beta of 0.78.

The GEO Group (NYSE:GEO) last posted its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 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 return on equity of 9.20% and a net margin of 2.00%. As a group, equities analysts expect 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.