Intech Investment Management LLC Reduces Stock Position in The GEO Group, Inc. (NYSE:GEO)

Intech Investment Management LLC lessened its position in shares of The GEO Group, Inc. (NYSE:GEO) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 82,834 shares of the real estate investment trust’s stock after selling 16,721 shares during the quarter. Intech Investment Management LLC owned 0.06% of The GEO Group worth $2,318,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. grew its stake in 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 valued at $33,000 after purchasing an additional 720 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of The GEO Group by 149.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 915 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of The GEO Group by 18.6% in the fourth quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 1,281 shares during the last quarter. Arizona State Retirement System raised its holdings in The GEO Group by 3.3% in the 4th quarter. Arizona State Retirement System now owns 40,537 shares of the real estate investment trust’s stock worth $1,134,000 after purchasing an additional 1,289 shares during the period. Finally, KBC Group NV raised its holdings 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 worth $169,000 after purchasing an additional 1,632 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Analyst Upgrades and Downgrades

GEO has been the subject of a number of analyst reports. Noble Financial raised The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a report on Wednesday, March 5th. UBS Group set a $32.00 price objective on The GEO Group in a research report on Wednesday, March 5th. StockNews.com lowered The GEO Group from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Wedbush reiterated an “outperform” rating and issued a $46.00 price objective on shares of The GEO Group in a research report on Tuesday.

The GEO Group Trading Up 3.1 %

GEO opened at $29.04 on Friday. The GEO Group, Inc. has a 52 week low of $11.75 and a 52 week high of $36.46. The business has a fifty day simple moving average of $28.63 and a 200-day simple moving average of $23.50. The firm has a market cap of $4.08 billion, a P/E ratio of 100.14, a P/E/G ratio of 2.11 and a beta of 0.91. 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 GEO Group (NYSE:GEO) last released its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. The firm had revenue of $607.72 million for the quarter, compared to analysts’ expectations of $607.45 million. On average, equities analysts expect that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

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.