Louisiana State Employees Retirement System Sells 1,300 Shares of The GEO Group, Inc. (NYSE:GEO)

Louisiana State Employees Retirement System lessened its position in The GEO Group, Inc. (NYSE:GEO) by 1.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 65,800 shares of the real estate investment trust’s stock after selling 1,300 shares during the period. Louisiana State Employees Retirement System’s holdings in The GEO Group were worth $846,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC lifted its holdings in shares of The GEO Group by 472.1% in the 3rd quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 2,625 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of The GEO Group by 38.5% in the 3rd quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock worth $88,000 after acquiring an additional 1,910 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of The GEO Group by 62.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust’s stock worth $90,000 after acquiring an additional 2,393 shares during the last quarter. nVerses Capital LLC purchased a new position in The GEO Group in the 3rd quarter worth about $121,000. Finally, Innealta Capital LLC purchased a new position in The GEO Group in the 2nd quarter worth about $140,000. Institutional investors own 76.10% of the company’s stock.

The GEO Group Trading Down 1.9 %

GEO stock opened at $14.18 on Tuesday. The company has a market capitalization of $1.98 billion, a PE ratio of 54.54, a P/E/G ratio of 1.67 and a beta of 0.63. The GEO Group, Inc. has a 12 month low of $8.33 and a 12 month high of $18.05. The firm’s 50-day moving average is $13.80 and its 200 day moving average is $14.04. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.26 and a quick ratio of 1.26.

The GEO Group (NYSE:GEO) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $607.19 million for the quarter, compared to analysts’ expectations of $606.16 million. The GEO Group had a net margin of 1.92% and a return on equity of 8.87%. During the same period last year, the business posted $0.24 EPS. On average, research analysts anticipate that The GEO Group, Inc. will post 0.91 EPS for the current year.

Insider Buying and Selling at The GEO Group

In other The GEO Group news, Chairman George C. Zoley bought 100,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were acquired at an average price of $12.33 per share, with a total value of $1,233,000.00. Following the transaction, the chairman now owns 3,900,904 shares of the company’s stock, valued at approximately $48,098,146.32. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. StockNews.com downgraded shares of The GEO Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Wedbush reaffirmed an “outperform” rating and issued a $17.00 price target on shares of The GEO Group in a research note on Thursday, September 19th.

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.