The GEO Group, Inc. (NYSE:GEO) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in The GEO Group, Inc. (NYSE:GEO) by 6.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,458 shares of the real estate investment trust’s stock after selling 1,449 shares during the quarter. Mutual of America Capital Management LLC’s holdings in The GEO Group were worth $263,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GEO. Sound Income Strategies LLC lifted its position in The GEO Group by 472.1% during the 3rd quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 2,625 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of The GEO Group by 38.5% during the third quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 1,910 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in The GEO Group by 62.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 2,393 shares in the last quarter. nVerses Capital LLC bought a new stake in The GEO Group in the third quarter valued at about $121,000. Finally, Innealta Capital LLC bought a new position in The GEO Group during the second quarter worth $140,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GEO shares. Northland Securities raised their price target on The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Noble Financial downgraded shares of The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Wedbush lifted their price target on The GEO Group from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, StockNews.com cut The GEO Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th.

The GEO Group Trading Up 3.1 %

NYSE:GEO opened at $28.69 on Friday. 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 52 week low of $9.77 and a 52 week high of $29.57. The stock’s 50 day moving average price is $18.14 and its 200 day moving average price is $15.40. The company has a market capitalization of $4.01 billion, a P/E ratio of 98.93, a P/E/G ratio of 3.37 and a beta of 0.63.

The GEO Group Company 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.