Barclays PLC Sells 18,066 Shares of The GEO Group Inc (NYSE:GEO)

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Barclays PLC reduced its holdings in shares of The GEO Group Inc (NYSE:GEO) by 8.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 189,403 shares of the real estate investment trust’s stock after selling 18,066 shares during the quarter. Barclays PLC owned approximately 0.16% of The GEO Group worth $3,284,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Profund Advisors LLC lifted its holdings in The GEO Group by 3.0% during the second quarter. Profund Advisors LLC now owns 20,022 shares of the real estate investment trust’s stock worth $421,000 after acquiring an additional 588 shares during the period. Nomura Asset Management Co. Ltd. increased its position in The GEO Group by 0.8% in the second quarter. Nomura Asset Management Co. Ltd. now owns 78,800 shares of the real estate investment trust’s stock worth $1,656,000 after buying an additional 600 shares during the last quarter. US Bancorp DE increased its position in The GEO Group by 10.6% in the second quarter. US Bancorp DE now owns 6,924 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 664 shares during the last quarter. Nisa Investment Advisors LLC increased its position in The GEO Group by 1.8% in the third quarter. Nisa Investment Advisors LLC now owns 55,424 shares of the real estate investment trust’s stock worth $961,000 after buying an additional 1,003 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in The GEO Group by 9.5% in the second quarter. Commonwealth Equity Services LLC now owns 12,002 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 1,041 shares during the last quarter. Institutional investors and hedge funds own 86.19% of the company’s stock.

NYSE:GEO opened at $13.68 on Tuesday. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.27 and a quick ratio of 1.27. The business has a fifty day simple moving average of $15.02 and a two-hundred day simple moving average of $18.06. The GEO Group Inc has a 1 year low of $13.68 and a 1 year high of $24.03. The company has a market capitalization of $1.68 billion, a P/E ratio of 5.54 and a beta of 1.05.

Separately, ValuEngine raised The GEO Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $25.00.

About The GEO Group

The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of correctional, detention, and community reentry facilities around the globe. GEO is the world's leading provider of diversified correctional, detention, community reentry, and electronic monitoring services to government agencies worldwide with operations in the United States, Australia, South Africa, and the United Kingdom.

Read More: SEC Filing

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Institutional Ownership by Quarter for The GEO Group (NYSE:GEO)

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