Byrne Asset Management LLC Has $90,000 Holdings in The GEO Group, Inc. (NYSE:GEO)

Byrne Asset Management LLC trimmed its position in shares of The GEO Group, Inc. (NYSE:GEO) by 55.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,200 shares of the real estate investment trust’s stock after selling 4,000 shares during the quarter. Byrne Asset Management LLC’s holdings in The GEO Group were worth $90,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. State Street Corp boosted its holdings in The GEO Group by 1.4% during the 3rd quarter. State Street Corp now owns 4,919,298 shares of the real estate investment trust’s stock worth $63,213,000 after acquiring an additional 66,658 shares during the last quarter. Geode Capital Management LLC boosted its holdings in The GEO Group by 3.3% during the third quarter. Geode Capital Management LLC now owns 3,016,103 shares of the real estate investment trust’s stock worth $38,765,000 after purchasing an additional 97,452 shares during the last quarter. Philosophy Capital Management LLC grew its position in The GEO Group by 17.1% in the 3rd quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust’s stock worth $21,125,000 after purchasing an additional 240,251 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in The GEO Group by 91.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust’s stock valued at $24,050,000 after buying an additional 411,565 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its position in shares of 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 worth $10,136,000 after buying an additional 739,550 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Northland Securities lifted 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. Finally, Wedbush restated an “outperform” rating on shares of The GEO Group in a report on Tuesday, December 17th.

The GEO Group Trading Down 2.3 %

Shares of The GEO Group stock opened at $26.88 on Friday. The company has a 50 day simple moving average of $29.67 and a two-hundred day simple moving average of $20.94. The firm has a market cap of $3.76 billion, a PE ratio of 92.68, a PEG ratio of 2.17 and a beta of 0.87. The GEO Group, Inc. has a 1 year low of $11.01 and a 1 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 GEO Group (NYSE:GEO) last posted its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.03). The business had revenue of $603.13 million for the quarter, compared to analysts’ expectations of $611.69 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. During the same period last year, the business posted $0.19 earnings per share. Analysts expect that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal 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.