Yousif Capital Management LLC Sells 2,165 Shares of The GEO Group, Inc. (NYSE:GEO)

Yousif Capital Management LLC lessened its position in shares of The GEO Group, Inc. (NYSE:GEO) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,547 shares of the real estate investment trust’s stock after selling 2,165 shares during the period. Yousif Capital Management LLC’s holdings in The GEO Group were worth $656,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC purchased a new position in shares of The GEO Group during the 4th quarter valued at $48,000. Byrne Asset Management LLC grew its position in The GEO Group by 47.8% during the fourth quarter. Byrne Asset Management LLC now owns 6,800 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 2,200 shares in the last quarter. Privium Fund Management UK Ltd bought a new position in The GEO Group in the 3rd quarter worth about $109,000. QRG Capital Management Inc. purchased a new stake in shares of The GEO Group in the 3rd quarter valued at about $116,000. Finally, Waters Parkerson & CO. LLC purchased a new stake in shares of The GEO Group in the 3rd quarter valued at about $123,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wedbush boosted their price objective on The GEO Group from $15.00 to $22.00 and gave the stock an “outperform” rating in a report on Monday, April 8th.

The GEO Group Stock Performance

The GEO Group stock opened at $14.65 on Monday. The GEO Group, Inc. has a fifty-two week low of $6.94 and a fifty-two week high of $16.31. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $1.86 billion, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 1.45 and a beta of 0.59. The firm’s fifty day moving average price is $13.92 and its 200-day moving average price is $11.66.

The GEO Group (NYSE:GEO) last released its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.11. The GEO Group had a return on equity of 9.43% and a net margin of 4.72%. The business had revenue of $608.28 million for the quarter, compared to the consensus estimate of $597.47 million. During the same quarter last year, the business posted $0.58 earnings per share. On average, equities research analysts expect that The GEO Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other The GEO Group news, CFO Shayn P. March sold 2,500 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $15.00, for a total transaction of $37,500.00. Following the transaction, the chief financial officer now directly owns 67,830 shares in the company, valued at $1,017,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.00% of the stock is currently owned by corporate insiders.

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.