Wolf Hill Capital Management LP lessened its position in Geo Group Inc (The) (NYSE:GEO – Free Report) by 77.9% during the 4th quarter, Holdings Channel reports. The firm owned 398,100 shares of the real estate investment trust’s stock after selling 1,401,941 shares during the quarter. Geo Group makes up about 0.7% of Wolf Hill Capital Management LP’s investment portfolio, making the stock its 19th biggest position. Wolf Hill Capital Management LP’s holdings in Geo Group were worth $6,417,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Covestor Ltd boosted its stake in shares of Geo Group by 16.6% in the 4th quarter. Covestor Ltd now owns 4,533 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 646 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Geo Group by 3.0% in the 4th quarter. ProShare Advisors LLC now owns 26,333 shares of the real estate investment trust’s stock valued at $424,000 after purchasing an additional 772 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Geo Group by 245.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,101 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 782 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Geo Group by 81.9% in the 1st quarter. NewEdge Advisors LLC now owns 1,864 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 839 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Geo Group by 11.5% in the 4th quarter. GAMMA Investing LLC now owns 8,938 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 920 shares in the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.
Geo Group Stock Performance
Geo Group stock opened at $28.40 on Monday. The stock has a 50-day simple moving average of $21.40 and a 200 day simple moving average of $17.94. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.06. Geo Group Inc has a 12-month low of $12.51 and a 12-month high of $28.89. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 14.42 and a beta of 0.86.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Geo Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. JonesTrading cut their price target on Geo Group from $37.00 to $33.00 and set a “buy” rating for the company in a report on Friday, March 20th. Finally, Weiss Ratings raised Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Geo Group has a consensus rating of “Moderate Buy” and an average target price of $34.50.
Get Our Latest Stock Report on GEO
Geo Group Profile
The GEO Group (NYSE:GEO) is a leading provider of correctional, detention and community reentry services to government agencies around the world. As a real estate investment trust, the company specializes in the design, financing, development and operation of secure facilities for adult and juvenile offenders, immigration detainees and individuals requiring mental health treatment or substance abuse programming. GEO’s integrated service model also encompasses electronic monitoring, rehabilitative programming and post-release supervision aimed at reducing recidivism and enhancing public safety.
GEO’s portfolio spans a range of facility types, including medium- and maximum-security correctional institutions, residential reentry centers, mental health treatment units and immigration detention centers.
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