The GEO Group, Inc. (NYSE:GEO) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in shares of The GEO Group, Inc. (NYSE:GEO) by 1.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 39,391 shares of the real estate investment trust’s stock after selling 429 shares during the period. Amalgamated Bank’s holdings in The GEO Group were worth $1,102,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GEO. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of The GEO Group during the 3rd quarter worth about $25,000. Rothschild Investment LLC increased its stake in The GEO Group by 6,800.0% in the fourth quarter. Rothschild Investment LLC now owns 4,140 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 4,080 shares during the last quarter. Morse Asset Management Inc acquired a new stake in The GEO Group during the third quarter worth approximately $67,000. Quarry LP purchased a new stake in shares of The GEO Group during the 3rd quarter worth approximately $77,000. Finally, KBC Group NV lifted its position in shares of The GEO Group by 37.2% during the 4th quarter. KBC Group NV now owns 6,023 shares of the real estate investment trust’s stock worth $169,000 after buying an additional 1,632 shares during the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

The GEO Group Stock Performance

Shares of GEO opened at $26.21 on Tuesday. The company’s 50 day simple moving average is $29.38 and its 200-day simple moving average is $22.52. The firm has a market cap of $3.66 billion, a PE ratio of 90.38, a price-to-earnings-growth ratio of 2.11 and a beta of 0.87. The GEO Group, Inc. has a 12-month low of $11.50 and a 12-month high of $36.46. 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 data on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share (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 analysts’ expectations of $607.45 million. As a group, equities analysts predict that The GEO Group, Inc. will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Northland Securities increased their target price on shares of The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Noble Financial lowered The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Finally, Wedbush reissued an “outperform” rating on shares of The GEO Group in a report on Tuesday, December 17th.

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.