Harvest Fund Management Co. Ltd Sells 1,361 Shares of Geo Group Inc (The) (NYSE:GEO)

Harvest Fund Management Co. Ltd lowered its holdings in Geo Group Inc (The) (NYSE:GEO) by 14.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,058 shares of the real estate investment trust’s stock after selling 1,361 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Geo Group were worth $235,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GEO. Sei Investments Co. bought a new stake in shares of Geo Group in the 4th quarter valued at about $253,000. Pictet Asset Management Holding SA raised its stake in shares of Geo Group by 7.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 19,892 shares of the real estate investment trust’s stock worth $557,000 after acquiring an additional 1,397 shares in the last quarter. Level Four Advisory Services LLC bought a new position in shares of Geo Group during the 4th quarter worth approximately $228,000. Wellington Management Group LLP bought a new position in shares of Geo Group during the 4th quarter worth approximately $17,685,000. Finally, Franklin Resources Inc. bought a new position in shares of Geo Group during the 4th quarter worth approximately $604,000. Institutional investors own 76.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on GEO. Wedbush reiterated an “outperform” rating and set a $36.00 price objective on shares of Geo Group in a research note on Monday, June 23rd. Wall Street Zen upgraded shares of Geo Group from a “sell” rating to a “hold” rating in a research note on Friday, May 9th. Finally, Jones Trading reduced their price objective on shares of Geo Group from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Geo Group Stock Down 0.5%

NYSE:GEO opened at $25.44 on Thursday. The company has a market cap of $3.60 billion, a PE ratio of 133.90, a P/E/G ratio of 2.77 and a beta of 0.71. Geo Group Inc has a twelve month low of $11.75 and a twelve month high of $36.46. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.24. The company’s 50 day moving average is $25.48 and its two-hundred day moving average is $27.54.

Geo Group (NYSE:GEO) last released its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $604.65 million for the quarter, compared to analysts’ expectations of $611.81 million. Geo Group had a return on equity of 7.36% and a net margin of 1.19%. During the same period in the prior year, the firm posted $0.14 EPS. Analysts anticipate that Geo Group Inc will post 0.83 EPS for the current year.

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.