The GEO Group, Inc. (NYSE:GEO) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in shares of The GEO Group, Inc. (NYSE:GEO) by 2.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 640,393 shares of the real estate investment trust’s stock after selling 16,203 shares during the quarter. Principal Financial Group Inc. owned about 0.46% of The GEO Group worth $8,229,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of GEO. Nisa Investment Advisors LLC increased its position in shares of The GEO Group by 131.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,037,881 shares of the real estate investment trust’s stock valued at $14,904,000 after acquiring an additional 590,099 shares during the period. Center Lake Capital Management LLC increased its holdings in shares of The GEO Group by 500.0% in the first quarter. Center Lake Capital Management LLC now owns 600,000 shares of the real estate investment trust’s stock valued at $8,472,000 after purchasing an additional 500,000 shares during the period. Great Lakes Advisors LLC raised its stake in shares of The GEO Group by 1,803.4% in the second quarter. Great Lakes Advisors LLC now owns 312,508 shares of the real estate investment trust’s stock worth $4,488,000 after purchasing an additional 296,090 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of The GEO Group during the second quarter worth about $3,906,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in The GEO Group in the second quarter valued at approximately $2,790,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

The GEO Group Stock Performance

GEO opened at $28.40 on Wednesday. The firm has a fifty day moving average price of $16.28 and a 200 day moving average price of $14.80. The GEO Group, Inc. has a 1 year low of $9.34 and a 1 year high of $28.58. The stock has a market cap of $3.97 billion, a P/E ratio of 97.93, a P/E/G ratio of 3.22 and a beta of 0.63. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GEO. Noble Financial lowered shares of The GEO Group from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Wedbush upped their price target on shares of The GEO Group from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, November 8th. StockNews.com lowered The GEO Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Northland Securities upped their target price on The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

About The GEO Group

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.