The GEO Group, Inc. (NYSE:GEO) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in shares of The GEO Group, Inc. (NYSE:GEO) by 6.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,458 shares of the real estate investment trust’s stock after selling 1,449 shares during the period. Mutual of America Capital Management LLC’s holdings in The GEO Group were worth $263,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its position in shares of The GEO Group by 12.0% during the 3rd quarter. Victory Capital Management Inc. now owns 195,376 shares of the real estate investment trust’s stock worth $2,511,000 after buying an additional 20,962 shares during the last quarter. Versor Investments LP purchased a new stake in shares of The GEO Group during the third quarter worth approximately $604,000. Tyler Stone Wealth Management grew its position in The GEO Group by 98.8% in the 3rd quarter. Tyler Stone Wealth Management now owns 12,284 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 6,105 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new position in The GEO Group in the 3rd quarter valued at $157,000. Finally, nVerses Capital LLC purchased a new position in The GEO Group during the 3rd quarter worth $121,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

The GEO Group Stock Up 3.1 %

GEO opened at $28.69 on Friday. The firm has a market cap of $4.01 billion, a P/E ratio of 98.93, a PEG ratio of 3.37 and a beta of 0.63. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The business’s fifty day simple moving average is $18.14 and its 200 day simple moving average is $15.40. The GEO Group, Inc. has a 52 week low of $9.77 and a 52 week high of $29.57.

Analyst Ratings Changes

Several research firms have recently commented on GEO. Northland Securities raised their target price on shares of The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Wedbush increased their price objective on The GEO Group from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. StockNews.com cut The GEO Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Noble Financial cut shares of The GEO Group from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th.

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.