The GEO Group, Inc. (NYSE:GEO) Stake Lessened by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its holdings in The GEO Group, Inc. (NYSE:GEO) by 28.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,014 shares of the real estate investment trust’s stock after selling 8,578 shares during the quarter. Vontobel Holding Ltd.’s holdings in The GEO Group were worth $616,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in The GEO Group in the third quarter worth about $25,000. Morse Asset Management Inc acquired a new position in shares of The GEO Group during the 3rd quarter worth $67,000. Quarry LP acquired a new position in shares of The GEO Group during the 3rd quarter valued at about $77,000. HighTower Advisors LLC acquired a new position in shares of The GEO Group during the 3rd quarter valued at about $141,000. Finally, Creative Planning increased its holdings in shares of The GEO Group by 9.0% during the 3rd quarter. Creative Planning now owns 11,096 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 919 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

The GEO Group Stock Performance

Shares of The GEO Group stock opened at $27.76 on Thursday. The GEO Group, Inc. has a one year low of $11.50 and a one year high of $36.46. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 95.73, a price-to-earnings-growth ratio of 2.15 and a beta of 0.87. 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 stock’s 50-day moving average is $29.58 and its 200-day moving average is $21.68.

Analyst Ratings Changes

A number of research firms have issued reports on GEO. Wedbush reaffirmed an “outperform” rating on shares of The GEO Group in a report on Tuesday, December 17th. Noble Financial downgraded The GEO Group from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Finally, Northland Securities lifted their price objective on The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 8th.

The GEO Group 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.