Kestra Private Wealth Services LLC Lowers Stock Position in The GEO Group, Inc. (NYSE:GEO)

Kestra Private Wealth Services LLC trimmed its position in The GEO Group, Inc. (NYSE:GEO) by 39.7% in the 4th quarter, HoldingsChannel reports. The fund owned 24,135 shares of the real estate investment trust’s stock after selling 15,900 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in The GEO Group were worth $675,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. increased its stake in shares of The GEO Group by 363.5% in the third quarter. Point72 Asset Management L.P. now owns 702,107 shares of the real estate investment trust’s stock worth $9,022,000 after purchasing an additional 968,601 shares in the last quarter. Hodges Capital Management Inc. raised its holdings in The GEO Group by 1,501.6% during the third quarter. Hodges Capital Management Inc. now owns 788,800 shares of the real estate investment trust’s stock valued at $10,136,000 after acquiring an additional 739,550 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of The GEO Group by 91.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust’s stock valued at $24,050,000 after acquiring an additional 411,565 shares in the last quarter. Philosophy Capital Management LLC boosted its stake in shares of The GEO Group by 17.1% in the third quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust’s stock worth $21,125,000 after acquiring an additional 240,251 shares during the period. Finally, Barclays PLC grew its position in shares of The GEO Group by 374.6% during the third quarter. Barclays PLC now owns 216,447 shares of the real estate investment trust’s stock worth $2,781,000 after purchasing an additional 170,839 shares in the last quarter. Institutional investors own 76.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Northland Securities upped their price target on The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Wedbush reaffirmed an “outperform” rating on shares of The GEO Group in a research note on Tuesday, December 17th. Finally, Noble Financial cut shares of The GEO Group from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th.

The GEO Group Stock Performance

NYSE:GEO opened at $27.18 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 93.74, a PEG ratio of 2.17 and a beta of 0.87. The GEO Group, Inc. has a 1 year low of $11.10 and a 1 year high of $36.46. The stock’s 50 day simple moving average is $29.62 and its two-hundred day simple moving average is $21.35.

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.