The GEO Group, Inc. (NYSE:GEO) Stock Holdings Trimmed by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. decreased its holdings in The GEO Group, Inc. (NYSE:GEO) by 23.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,019 shares of the real estate investment trust’s stock after selling 3,059 shares during the quarter. Avantax Advisory Services Inc.’s holdings in The GEO Group were worth $280,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. State Street Corp grew its position in The GEO Group by 1.4% in the 3rd quarter. State Street Corp now owns 4,919,298 shares of the real estate investment trust’s stock valued at $63,213,000 after buying an additional 66,658 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of The GEO Group by 3.3% in the third quarter. Geode Capital Management LLC now owns 3,016,103 shares of the real estate investment trust’s stock valued at $38,765,000 after acquiring an additional 97,452 shares in the last quarter. Philosophy Capital Management LLC increased its stake in shares of The GEO Group by 17.1% during the third quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust’s stock valued at $21,125,000 after acquiring an additional 240,251 shares during the period. Allianz Asset Management GmbH raised its holdings in The GEO Group by 5.8% during the fourth quarter. Allianz Asset Management GmbH now owns 1,491,209 shares of the real estate investment trust’s stock worth $41,724,000 after purchasing an additional 82,341 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in The GEO Group by 91.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust’s stock worth $24,050,000 after purchasing an additional 411,565 shares during the period. 76.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on GEO shares. StockNews.com downgraded The GEO Group from a “hold” rating to a “sell” rating in a research note on Thursday, March 20th. Noble Financial raised shares of The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a report on Wednesday, March 5th. Wedbush restated an “outperform” rating and set a $46.00 price objective on shares of The GEO Group in a research report on Tuesday, March 18th. Jones Trading reiterated a “buy” rating and issued a $55.00 target price on shares of The GEO Group in a report on Friday, March 21st. Finally, UBS Group set a $32.00 target price on shares of The GEO Group in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $40.40.

The GEO Group Price Performance

GEO stock opened at $28.99 on Wednesday. The GEO Group, Inc. has a one year low of $11.75 and a one year high of $36.46. The firm has a 50-day moving average of $28.49 and a two-hundred day moving average of $23.97. The firm has a market capitalization of $4.07 billion, a PE ratio of 99.97, a P/E/G ratio of 2.11 and a beta of 0.91. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25.

The GEO Group (NYSE:GEO) last issued its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. The firm had revenue of $607.72 million during the quarter, compared to analysts’ expectations of $607.45 million. On average, analysts forecast that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

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.