The GEO Group, Inc. (NYSE:GEO) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC cut its position in shares of The GEO Group, Inc. (NYSE:GEO) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 797,571 shares of the real estate investment trust’s stock after selling 19,476 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.57% of The GEO Group worth $10,249,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its stake in shares of The GEO Group by 131.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,037,881 shares of the real estate investment trust’s stock worth $14,904,000 after buying an additional 590,099 shares during the last quarter. Center Lake Capital Management LLC raised its position in The GEO Group by 500.0% during the first quarter. Center Lake Capital Management LLC now owns 600,000 shares of the real estate investment trust’s stock worth $8,472,000 after acquiring an additional 500,000 shares during the last quarter. Great Lakes Advisors LLC lifted its holdings in shares of The GEO Group by 1,803.4% in the second quarter. Great Lakes Advisors LLC now owns 312,508 shares of the real estate investment trust’s stock valued at $4,488,000 after purchasing an additional 296,090 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of The GEO Group in the second quarter valued at approximately $3,906,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of The GEO Group during the 2nd quarter worth approximately $2,790,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

The GEO Group Stock Performance

The GEO Group stock opened at $28.90 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 GEO Group, Inc. has a 12 month low of $9.38 and a 12 month high of $29.48. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 99.66, a price-to-earnings-growth ratio of 3.44 and a beta of 0.63. The stock’s 50-day moving average is $16.91 and its 200-day moving average is $14.98.

Analysts Set New Price Targets

GEO has been the subject of several recent research reports. Noble Financial downgraded The GEO Group from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. StockNews.com cut The GEO Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Northland Securities upped their target price on shares of The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Wedbush lifted their price target on shares of The GEO Group from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, November 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.