The GEO Group, Inc. (NYSE:GEO) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in The GEO Group, Inc. (NYSE:GEOFree Report) by 0.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,517,177 shares of the real estate investment trust’s stock after selling 48,022 shares during the period. Vanguard Group Inc. owned 10.72% of The GEO Group worth $110,571,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Intrinsic Edge Capital Management LLC grew its position in shares of The GEO Group by 69.0% in the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 2,354,678 shares of the real estate investment trust’s stock worth $16,859,000 after acquiring an additional 960,968 shares in the last quarter. Aigen Investment Management LP increased its stake in The GEO Group by 320.2% during the third quarter. Aigen Investment Management LP now owns 118,596 shares of the real estate investment trust’s stock valued at $970,000 after purchasing an additional 90,369 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new stake in shares of The GEO Group during the third quarter worth $577,000. Harber Asset Management LLC lifted its position in shares of The GEO Group by 38.6% in the 2nd quarter. Harber Asset Management LLC now owns 2,035,625 shares of the real estate investment trust’s stock worth $14,575,000 after buying an additional 566,514 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of The GEO Group by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,949,240 shares of the real estate investment trust’s stock valued at $24,125,000 after buying an additional 40,079 shares during the period. 76.10% of the stock is owned by institutional investors.

The GEO Group Price Performance

Shares of NYSE GEO opened at $14.05 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $1.78 billion, a PE ratio of 18.49, a P/E/G ratio of 1.55 and a beta of 0.62. The GEO Group, Inc. has a 1-year low of $6.94 and a 1-year high of $14.95. The business’s fifty day moving average price is $12.40 and its two-hundred day moving average price is $10.60.

The GEO Group (NYSE:GEOGet Free Report) last released its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.29 EPS for the quarter, topping the consensus estimate of $0.18 by $0.11. The business had revenue of $608.28 million during the quarter, compared to analyst estimates of $597.47 million. The GEO Group had a net margin of 4.72% and a return on equity of 9.43%. During the same quarter in the prior year, the firm earned $0.58 earnings per share. On average, research analysts expect that The GEO Group, Inc. will post 0.92 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wedbush reiterated an “outperform” rating and set a $15.00 price objective on shares of The GEO Group in a research note on Thursday, March 21st.

View Our Latest Analysis on The GEO Group

About The GEO Group

(Free Report)

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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Institutional Ownership by Quarter for The GEO Group (NYSE:GEO)

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