Hodges Capital Management Inc. Lowers Stock Holdings in The GEO Group, Inc. (NYSE:GEO)

Hodges Capital Management Inc. lowered its position in shares of The GEO Group, Inc. (NYSE:GEO) by 77.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 175,500 shares of the real estate investment trust’s stock after selling 613,300 shares during the period. Hodges Capital Management Inc. owned about 0.13% of The GEO Group worth $4,911,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in The GEO Group in the third quarter worth approximately $25,000. Sound Income Strategies LLC lifted its holdings in shares of The GEO Group by 472.1% in the 3rd quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 2,625 shares during the last quarter. Morse Asset Management Inc purchased a new stake in shares of The GEO Group in the 3rd quarter valued at $67,000. Quarry LP bought a new position in shares of The GEO Group during the 3rd quarter valued at $77,000. Finally, GAMMA Investing LLC raised its position in The GEO Group by 38.5% in the 3rd quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 1,910 shares during the period. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

The GEO Group Price Performance

GEO stock opened at $31.52 on Monday. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 108.70, a PEG ratio of 2.49 and a beta of 0.87. The firm’s 50-day moving average price is $29.66 and its two-hundred day moving average price is $20.58. 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, Inc. has a 12-month low of $11.01 and a 12-month high of $36.46.

The GEO Group (NYSE:GEO) last released its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.03). The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. The business had revenue of $603.13 million during the quarter, compared to analysts’ expectations of $611.69 million. During the same quarter last year, the business posted $0.19 EPS. As a group, equities analysts predict that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GEO shares. Wedbush restated an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th. Noble Financial lowered The GEO Group from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Finally, Northland Securities boosted 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.