The GEO Group, Inc. (NYSE:GEO) Shares Sold by Invenomic Capital Management LP

Invenomic Capital Management LP decreased its position in The GEO Group, Inc. (NYSE:GEO) by 4.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 519,812 shares of the real estate investment trust’s stock after selling 25,382 shares during the quarter. Invenomic Capital Management LP’s holdings in The GEO Group were worth $7,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in The GEO Group by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 262,120 shares of the real estate investment trust’s stock valued at $3,703,000 after purchasing an additional 11,905 shares during the last quarter. Beaconlight Capital LLC acquired a new position in The GEO Group in the 1st quarter valued at about $5,754,000. CANADA LIFE ASSURANCE Co raised its stake in The GEO Group by 7.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 111,635 shares of the real estate investment trust’s stock valued at $1,574,000 after purchasing an additional 7,749 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of The GEO Group by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 24,326 shares of the real estate investment trust’s stock valued at $343,000 after acquiring an additional 1,669 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in shares of The GEO Group by 19.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 12,576 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 2,010 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

The GEO Group Trading Down 3.9 %

Shares of NYSE GEO traded down $0.58 on Tuesday, reaching $14.48. 2,918,148 shares of the company traded hands, compared to its average volume of 2,578,518. The GEO Group, Inc. has a fifty-two week low of $6.94 and a fifty-two week high of $18.05. The company has a 50 day moving average of $14.56 and a 200 day moving average of $13.59. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $1.97 billion, a PE ratio of 20.39, a P/E/G ratio of 1.56 and a beta of 0.67.

The GEO Group (NYSE:GEO) last posted its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The GEO Group had a net margin of 4.51% and a return on equity of 8.88%. The company had revenue of $605.67 million for the quarter, compared to analyst estimates of $603.84 million. During the same period in the prior year, the company earned $0.22 EPS. On average, equities research analysts forecast that The GEO Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Shayn P. March sold 2,500 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $17.50, for a total transaction of $43,750.00. Following the completion of the sale, the executive vice president now owns 65,330 shares in the company, valued at approximately $1,143,275. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Scott Michael Kernan sold 5,300 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $13.62, for a total transaction of $72,186.00. Following the completion of the sale, the director now owns 23,936 shares in the company, valued at approximately $326,008.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Shayn P. March sold 2,500 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $17.50, for a total value of $43,750.00. Following the sale, the executive vice president now owns 65,330 shares of the company’s stock, valued at approximately $1,143,275. The disclosure for this sale can be found here. Corporate insiders own 5.30% of the company’s stock.

Analysts Set New Price Targets

Separately, Wedbush dropped their price objective on shares of The GEO Group from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th.

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.