The GEO Group Inc (GEO) Holdings Trimmed by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in shares of The GEO Group Inc (NYSE:GEO) by 21.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,963 shares of the real estate investment trust’s stock after selling 8,416 shares during the period. SG Americas Securities LLC’s holdings in The GEO Group were worth $806,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in The GEO Group by 59.9% during the 2nd quarter. Vanguard Group Inc. now owns 22,564,533 shares of the real estate investment trust’s stock valued at $667,233,000 after acquiring an additional 8,454,008 shares in the last quarter. BlackRock Inc. lifted its stake in The GEO Group by 51.3% during the 2nd quarter. BlackRock Inc. now owns 13,705,096 shares of the real estate investment trust’s stock valued at $405,261,000 after acquiring an additional 4,649,017 shares in the last quarter. State Street Corp lifted its stake in The GEO Group by 54.0% during the 2nd quarter. State Street Corp now owns 4,058,753 shares of the real estate investment trust’s stock valued at $120,023,000 after acquiring an additional 1,423,388 shares in the last quarter. Prudential Financial Inc. lifted its stake in The GEO Group by 0.8% during the 3rd quarter. Prudential Financial Inc. now owns 3,456,277 shares of the real estate investment trust’s stock valued at $92,974,000 after acquiring an additional 29,070 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in The GEO Group by 40.0% during the 2nd quarter. Northern Trust Corp now owns 3,453,382 shares of the real estate investment trust’s stock valued at $102,116,000 after acquiring an additional 986,702 shares in the last quarter. Institutional investors and hedge funds own 95.76% of the company’s stock.

Several equities analysts have weighed in on GEO shares. Canaccord Genuity set a $35.00 price objective on The GEO Group and gave the company a “buy” rating in a research note on Monday, August 7th. Zacks Investment Research cut The GEO Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. ValuEngine upgraded The GEO Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Finally, TheStreet upgraded The GEO Group from a “c+” rating to a “b-” rating in a research note on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The GEO Group presently has a consensus rating of “Hold” and a consensus target price of $33.83.

In other news, Director Christopher C. Wheeler sold 1,500 shares of The GEO Group stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $25.09, for a total transaction of $37,635.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.40% of the company’s stock.

The GEO Group Inc (GEO) traded down $0.15 during midday trading on Tuesday, hitting $25.68. The stock had a trading volume of 1,061,000 shares, compared to its average volume of 1,040,652. The company has a market cap of $3,204.74, a PE ratio of 10.57, a price-to-earnings-growth ratio of 2.22 and a beta of 1.52. The GEO Group Inc has a 12 month low of $22.23 and a 12 month high of $34.32. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.05.

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The GEO Group Profile

The GEO Group, Inc is a real estate investment trust (REIT) specializing in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.

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Institutional Ownership by Quarter for The GEO Group (NYSE:GEO)

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