AlphaQuest LLC Sells 35,694 Shares of The GEO Group, Inc. (NYSE:GEO)

AlphaQuest LLC decreased its stake in The GEO Group, Inc. (NYSE:GEO) by 75.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,686 shares of the real estate investment trust’s stock after selling 35,694 shares during the quarter. AlphaQuest LLC’s holdings in The GEO Group were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. SRS Capital Advisors Inc. boosted its stake in The GEO Group by 160.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 720 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in The GEO Group by 149.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 915 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of The GEO Group during the third quarter worth $25,000. Jones Financial Companies Lllp grew its holdings in shares of The GEO Group by 182.6% in the 4th quarter. Jones Financial Companies Lllp now owns 3,148 shares of the real estate investment trust’s stock valued at $88,000 after buying an additional 2,034 shares during the period. Finally, Rothschild Investment LLC increased its position in shares of The GEO Group by 6,800.0% in the 4th quarter. Rothschild Investment LLC now owns 4,140 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 4,080 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GEO. Wedbush reiterated an “outperform” rating on shares of The GEO Group in a report on Tuesday, December 17th. Noble Financial upgraded shares of The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a report on Wednesday, March 5th. Finally, UBS Group set a $32.00 target price on shares of The GEO Group in a research note on Wednesday, March 5th.

The GEO Group Trading Up 4.4 %

NYSE:GEO opened at $26.66 on Friday. The company has a market cap of $3.74 billion, a P/E ratio of 91.94, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The GEO Group, Inc. has a twelve month low of $11.75 and a twelve month high of $36.46. The business has a 50 day moving average price of $28.83 and a two-hundred day moving average price of $23.11. 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 GEO Group (NYSE:GEO) last announced its 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 return on equity of 9.20% and a net margin of 2.00%. The business had revenue of $607.72 million for the quarter, compared to analyst estimates of $607.45 million. As a group, analysts expect that The GEO Group, Inc. will post 0.83 EPS for the current fiscal 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.