Thrivent Financial for Lutherans Sells 1,630 Shares of The GEO Group, Inc. (NYSE:GEO)

Thrivent Financial for Lutherans lowered its stake in shares of The GEO Group, Inc. (NYSE:GEO) by 1.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 105,185 shares of the real estate investment trust’s stock after selling 1,630 shares during the quarter. Thrivent Financial for Lutherans’ holdings in The GEO Group were worth $2,943,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in GEO. Point72 Asia Singapore Pte. Ltd. purchased a new stake in The GEO Group in the third quarter worth approximately $25,000. SRS Capital Advisors Inc. boosted its stake in shares of 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 worth $33,000 after buying an additional 720 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of The GEO Group by 149.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 915 shares during the period. Morse Asset Management Inc purchased a new stake in The GEO Group during the third quarter valued at $67,000. Finally, Quarry LP purchased a new position in The GEO Group in the third quarter worth about $77,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. UBS Group set a $35.00 price target on shares of The GEO Group in a research report on Monday. Wedbush reiterated an “outperform” rating and set a $46.00 price target on shares of The GEO Group in a research note on Tuesday, March 18th. StockNews.com lowered The GEO Group from a “hold” rating to a “sell” rating in a research note on Thursday, March 20th. Noble Financial reiterated an “outperform” rating on shares of The GEO Group in a research report on Monday. Finally, Jones Trading restated a “buy” rating and issued a $55.00 price target on shares of The GEO Group in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat, The GEO Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

The GEO Group Stock Up 2.1 %

GEO opened at $29.65 on Thursday. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 102.23, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.10. The firm’s fifty day moving average is $28.40 and its 200 day moving average is $24.01. The GEO Group, Inc. has a fifty-two week low of $11.75 and a fifty-two week high of $36.46.

The GEO Group (NYSE:GEO) last announced its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. The business had revenue of $607.72 million during the quarter, compared to analysts’ expectations of $607.45 million. On average, sell-side analysts forecast that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.

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.