SG Americas Securities LLC Purchases 36,884 Shares of The GEO Group Inc (GEO)

SG Americas Securities LLC raised its position in The GEO Group Inc (NYSE:GEO) by 123.1% in the 4th quarter, HoldingsChannel reports. The fund owned 66,847 shares of the real estate investment trust’s stock after purchasing an additional 36,884 shares during the period. SG Americas Securities LLC’s holdings in The GEO Group were worth $1,578,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Advisor Group Inc. boosted its stake in shares of The GEO Group by 54.0% during the 2nd quarter. Advisor Group Inc. now owns 4,344 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 1,524 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of The GEO Group by 50.0% during the 2nd quarter. Toronto Dominion Bank now owns 6,901 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 2,300 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of The GEO Group during the 3rd quarter valued at approximately $248,000. Public Employees Retirement System of Ohio boosted its stake in shares of The GEO Group by 52.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,844 shares of the real estate investment trust’s stock valued at $262,000 after buying an additional 3,036 shares during the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new position in shares of The GEO Group during the 4th quarter valued at approximately $265,000. Institutional investors own 95.95% of the company’s stock.

In related news, Director Christopher C. Wheeler sold 1,500 shares of the firm’s 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.40% of the company’s stock.

Several equities analysts have recently commented on GEO shares. Zacks Investment Research upgraded The GEO Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. TheStreet upgraded The GEO Group from a “c+” rating to a “b-” rating in a research note on Tuesday, November 28th. SunTrust Banks restated a “buy” rating and set a $32.00 price objective on shares of The GEO Group in a research note on Wednesday, January 31st. Finally, ValuEngine cut The GEO Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $33.47.

The GEO Group Inc (NYSE:GEO) opened at $20.19 on Friday. The GEO Group Inc has a one year low of $19.52 and a one year high of $34.32. The stock has a market capitalization of $2,486.37, a price-to-earnings ratio of 8.20, a P/E/G ratio of 1.67 and a beta of 1.32. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.27 and a current ratio of 1.27.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Friday, February 16th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 9.31%. The ex-dividend date is Thursday, February 15th. The GEO Group’s dividend payout ratio (DPR) is presently 139.26%.

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About The GEO Group

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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