Bank of New York Mellon Corp trimmed its holdings in The GEO Group, Inc. (NYSE:GEO - Free Report) by 10.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 882,972 shares of the real estate investment trust's stock after selling 106,367 shares during the quarter. Bank of New York Mellon Corp owned about 0.63% of The GEO Group worth $24,706,000 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 stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of The GEO Group in the third quarter worth about $25,000. Rothschild Investment LLC increased its holdings in shares of The GEO Group by 6,800.0% in the fourth quarter. Rothschild Investment LLC now owns 4,140 shares of the real estate investment trust's stock valued at $116,000 after purchasing an additional 4,080 shares in the last quarter. Morse Asset Management Inc bought a new position in The GEO Group in the 3rd quarter worth approximately $67,000. Quarry LP acquired a new position in The GEO Group during the 3rd quarter worth $77,000. Finally, KBC Group NV boosted its position in The GEO Group by 37.2% in the 4th quarter. KBC Group NV now owns 6,023 shares of the real estate investment trust's stock valued at $169,000 after buying an additional 1,632 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company's stock.
GEO has been the subject of a number of recent research reports. Wedbush restated an "outperform" rating on shares of The GEO Group in a research report on Tuesday, December 17th. UBS Group set a $32.00 price objective on The GEO Group in a report on Wednesday, March 5th. Finally, Noble Financial raised shares of The GEO Group from a "market perform" rating to an "outperform" rating and set a $32.00 target price on the stock in a research note on Wednesday, March 5th.
View Our Latest Report on The GEO Group
NYSE GEO traded down $1.06 on Monday, reaching $22.95. The company had a trading volume of 3,850,922 shares, compared to its average volume of 2,723,862. 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 $29.07 and its 200-day moving average is $22.92. 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 stock has a market cap of $3.22 billion, a price-to-earnings ratio of 79.14, a PEG ratio of 2.11 and a beta of 0.91.
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 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.08). The company 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%. Equities analysts predict that The GEO Group, Inc. will post 0.83 earnings per share for the current year.
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.
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