Householder Group Estate & Retirement Specialist LLC Reduces Stock Position in The GEO Group, Inc. (NYSE:GEO)

Householder Group Estate & Retirement Specialist LLC lowered its position in shares of The GEO Group, Inc. (NYSE:GEO) by 17.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,000 shares of the real estate investment trust’s stock after selling 650 shares during the quarter. Householder Group Estate & Retirement Specialist LLC’s holdings in The GEO Group were worth $83,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. lifted its position in The GEO Group by 363.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 702,107 shares of the real estate investment trust’s stock valued at $9,022,000 after acquiring an additional 968,601 shares during the period. Hodges Capital Management Inc. increased its stake in The GEO Group by 1,501.6% during the 3rd quarter. Hodges Capital Management Inc. now owns 788,800 shares of the real estate investment trust’s stock valued at $10,136,000 after purchasing an additional 739,550 shares in the last quarter. Philosophy Capital Management LLC increased its stake in The GEO Group by 17.1% during the 3rd quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust’s stock valued at $21,125,000 after purchasing an additional 240,251 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in The GEO Group during the 2nd quarter valued at about $2,790,000. Finally, Barclays PLC increased its stake in The GEO Group by 374.6% during the 3rd quarter. Barclays PLC now owns 216,447 shares of the real estate investment trust’s stock valued at $2,781,000 after purchasing an additional 170,839 shares in the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

The GEO Group Stock Performance

Shares of GEO stock opened at $35.43 on Friday. The company has a 50 day moving average price of $28.53 and a 200-day moving average price of $19.37. The GEO Group, Inc. has a 52 week low of $10.47 and a 52 week high of $35.62. The firm has a market capitalization of $4.95 billion, a PE ratio of 122.18, a P/E/G ratio of 2.44 and a beta of 0.87. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25.

Analysts Set New Price Targets

GEO has been the subject of a number of analyst reports. Wedbush restated an “outperform” rating on shares of The GEO Group in a research note on Tuesday, December 17th. Noble Financial lowered shares of The GEO Group from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Finally, Northland Securities raised their price objective on shares of The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 8th.

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.