Lee Danner & Bass Inc. Trims Stake in The GEO Group, Inc. (NYSE:GEO)

Lee Danner & Bass Inc. lowered its stake in The GEO Group, Inc. (NYSE:GEO) by 1.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 265,500 shares of the real estate investment trust’s stock after selling 3,500 shares during the quarter. Lee Danner & Bass Inc.’s holdings in The GEO Group were worth $7,429,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GEO. Point72 Asia Singapore Pte. Ltd. acquired a new position in The GEO Group in the 3rd quarter valued at $25,000. SRS Capital Advisors Inc. raised its holdings 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 acquiring an additional 720 shares during the last quarter. Smartleaf Asset Management LLC raised 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 acquiring an additional 915 shares during the last quarter. Morse Asset Management Inc acquired a new position in The GEO Group in the 3rd quarter valued at $67,000. Finally, Quarry LP acquired a new position in The GEO Group in the 3rd quarter valued at $77,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. StockNews.com downgraded The GEO Group from a “hold” rating to a “sell” rating in a report on Thursday. UBS Group set a $32.00 price target on The GEO Group in a report on Wednesday, March 5th. Noble Financial upgraded The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a report on Wednesday, March 5th. Finally, Wedbush restated an “outperform” rating and set a $46.00 price objective on shares of The GEO Group in a report on Tuesday.

The GEO Group Trading Up 3.1 %

GEO stock opened at $29.04 on Friday. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 100.14, a PEG ratio of 2.11 and a beta of 0.91. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The business has a fifty day simple moving average of $28.63 and a 200-day simple moving average of $23.50. The GEO Group, Inc. has a 52 week low of $11.75 and a 52 week high of $36.46.

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

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.