The GEO Group, Inc. (NYSE:GEO) Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC cut its holdings in The GEO Group, Inc. (NYSE:GEO) by 13.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,641 shares of the real estate investment trust’s stock after selling 6,652 shares during the quarter. Boothbay Fund Management LLC’s holdings in The GEO Group were worth $1,249,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GEO. NewEdge Advisors LLC purchased a new position in The GEO Group during the fourth quarter worth $29,000. SRS Capital Advisors Inc. raised its stake in The GEO Group by 160.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 720 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in The GEO Group by 149.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 915 shares in the last quarter. Morse Asset Management Inc purchased a new position in The GEO Group in the 3rd quarter valued at about $67,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of The GEO Group by 182.6% during the 4th quarter. Jones Financial Companies Lllp now owns 3,148 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 2,034 shares during the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wedbush reissued an “outperform” rating and set a $46.00 price objective on shares of The GEO Group in a research note on Tuesday, March 18th. StockNews.com cut The GEO Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 1st. Jones Trading reiterated a “buy” rating and issued a $55.00 target price on shares of The GEO Group in a research note on Friday, March 21st. Noble Financial reissued an “outperform” rating on shares of The GEO Group in a research note on Monday, March 24th. Finally, UBS Group set a $35.00 price objective on shares of The GEO Group in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, The GEO Group currently has an average rating of “Moderate Buy” and an average target price of $41.00.

Insider Transactions at The GEO Group

In related news, EVP Shayn P. March sold 7,500 shares of The GEO Group stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $30.00, for a total transaction of $225,000.00. Following the transaction, the executive vice president now owns 67,469 shares in the company, valued at approximately $2,024,070. The trade was a 10.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 5.30% of the company’s stock.

The GEO Group Price Performance

Shares of The GEO Group stock opened at $30.34 on Tuesday. The business’s fifty day moving average price is $27.69 and its 200 day moving average price is $26.79. The GEO Group, Inc. has a twelve month low of $11.75 and a twelve 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 stock has a market capitalization of $4.28 billion, a P/E ratio of 104.62, a PEG ratio of 2.11 and a beta of 0.78.

The GEO Group (NYSE:GEO) last released its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The firm had revenue of $607.72 million during the quarter, compared to analyst estimates of $607.45 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. As a group, research analysts anticipate that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

The GEO Group Company 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.