Corebridge Financial Inc. Lowers Holdings in The GEO Group, Inc. (NYSE:GEO)

Corebridge Financial Inc. lowered its position in shares of The GEO Group, Inc. (NYSE:GEO) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,081 shares of the real estate investment trust’s stock after selling 3,705 shares during the period. Corebridge Financial Inc.’s holdings in The GEO Group were worth $1,905,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its position in The GEO Group by 91.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust’s stock valued at $24,050,000 after purchasing an additional 411,565 shares during the period. BNP Paribas Financial Markets increased its holdings in The GEO Group by 20.7% during the third quarter. BNP Paribas Financial Markets now owns 273,724 shares of the real estate investment trust’s stock valued at $3,517,000 after buying an additional 46,905 shares during the period. GAMMA Investing LLC raised its stake in The GEO Group by 18.6% in the fourth quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 1,281 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in The GEO Group by 53.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,986 shares of the real estate investment trust’s stock worth $2,737,000 after buying an additional 74,430 shares during the period. Finally, Centiva Capital LP bought a new stake in The GEO Group during the 3rd quarter valued at $289,000. 76.10% of the stock is currently owned by institutional investors.

The GEO Group Price Performance

Shares of GEO stock opened at $29.51 on Thursday. The GEO Group, Inc. has a fifty-two week low of $11.75 and a fifty-two week high of $36.46. 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 has a market capitalization of $4.16 billion, a price-to-earnings ratio of 101.76, a PEG ratio of 2.11 and a beta of 0.91. The stock’s 50-day simple moving average is $27.89 and its 200-day simple moving average is $24.59.

The GEO Group (NYSE:GEO) last released its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The company had revenue of $607.72 million for the quarter, compared to analysts’ expectations of $607.45 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. As a group, equities analysts forecast that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Insider Activity at The GEO Group

In related news, EVP Shayn P. March sold 7,500 shares of The GEO Group stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $30.00, for a total transaction of $225,000.00. Following the completion of the sale, the executive vice president now owns 67,469 shares of the company’s stock, valued at $2,024,070. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group set a $35.00 price target on The GEO Group in a research report on Monday, March 24th. Noble Financial reissued an “outperform” rating on shares of The GEO Group in a research report on Monday, March 24th. Jones Trading reaffirmed a “buy” rating and issued a $55.00 price objective on shares of The GEO Group in a research report on Friday, March 21st. Wedbush reissued an “outperform” rating and set a $46.00 target price on shares of The GEO Group in a research report on Tuesday, March 18th. Finally, StockNews.com downgraded shares of The GEO Group from a “hold” rating to a “sell” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, The GEO Group currently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

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.