Invesco Ltd. Sells 458,982 Shares of The GEO Group, Inc. (NYSE:GEO)

Invesco Ltd. reduced its position in The GEO Group, Inc. (NYSE:GEO) by 27.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,187,431 shares of the real estate investment trust’s stock after selling 458,982 shares during the quarter. Invesco Ltd.’s holdings in The GEO Group were worth $33,224,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. SRS Capital Advisors Inc. boosted its position in shares of The GEO Group by 160.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 720 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in The GEO Group by 149.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 915 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of The GEO Group in the 3rd quarter valued at $67,000. Jones Financial Companies Lllp increased its stake in shares of The GEO Group by 182.6% in the 4th quarter. Jones Financial Companies Lllp now owns 3,148 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 2,034 shares during the last quarter. Finally, Rothschild Investment LLC raised its holdings in shares of The GEO Group by 6,800.0% during the 4th quarter. Rothschild Investment LLC now owns 4,140 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 4,080 shares in the last quarter. 76.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling at The GEO Group

In other news, EVP Shayn P. March sold 7,500 shares of the firm’s stock in a transaction dated 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 directly owns 67,469 shares in the company, valued at $2,024,070. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.30% of the company’s stock.

The GEO Group Stock Up 1.8 %

NYSE:GEO opened at $29.60 on Friday. The GEO Group, Inc. has a one year low of $11.75 and a one year high of $36.46. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $4.17 billion, a PE ratio of 102.07, a P/E/G ratio of 2.11 and a beta of 0.78. The firm’s 50 day simple moving average is $27.43 and its 200 day simple moving average is $25.84.

The GEO Group (NYSE:GEO) last issued 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 business had revenue of $607.72 million for the quarter, compared to analyst estimates of $607.45 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. On average, research analysts anticipate 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.