Nisa Investment Advisors LLC Reduces Holdings in Geo Group Inc (The) (NYSE:GEO)

Nisa Investment Advisors LLC cut its stake in shares of Geo Group Inc (The) (NYSE:GEO) by 98.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,953 shares of the real estate investment trust’s stock after selling 847,575 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Geo Group were worth $349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of GEO. Discovery Capital Management LLC CT boosted its holdings in Geo Group by 375.2% during the 4th quarter. Discovery Capital Management LLC CT now owns 1,839,500 shares of the real estate investment trust’s stock valued at $51,469,000 after acquiring an additional 1,452,400 shares during the period. Point72 Asset Management L.P. boosted its holdings in Geo Group by 202.6% during the 4th quarter. Point72 Asset Management L.P. now owns 2,124,783 shares of the real estate investment trust’s stock valued at $59,451,000 after acquiring an additional 1,422,676 shares during the period. Newbrook Capital Advisors LP purchased a new stake in Geo Group in the 4th quarter worth approximately $35,738,000. BlueCrest Capital Management Ltd purchased a new stake in Geo Group in the 4th quarter worth approximately $34,456,000. Finally, Forest Avenue Capital Management LP purchased a new stake in Geo Group in the 4th quarter worth approximately $20,197,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

Geo Group Stock Up 1.8%

Shares of NYSE:GEO opened at $25.49 on Thursday. Geo Group Inc has a 52-week low of $11.75 and a 52-week high of $36.46. The firm has a market capitalization of $3.60 billion, a P/E ratio of 134.18, a P/E/G ratio of 2.71 and a beta of 0.71. The stock has a 50 day moving average price of $25.81 and a 200-day moving average price of $27.84. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.29 and a current ratio of 1.29.

Geo Group (NYSE:GEO) last announced its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). Geo Group had a return on equity of 7.36% and a net margin of 1.19%. The firm had revenue of $604.65 million during the quarter, compared to the consensus estimate of $611.81 million. During the same period in the prior year, the company posted $0.14 EPS. As a group, equities research analysts anticipate that Geo Group Inc will post 0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GEO shares. Wall Street Zen upgraded Geo Group from a “sell” rating to a “hold” rating in a report on Friday, May 9th. Wedbush reiterated an “outperform” rating and issued a $36.00 price objective on shares of Geo Group in a report on Monday, June 23rd. Noble Financial reiterated an “outperform” rating on shares of Geo Group in a report on Monday, March 24th. Jones Trading dropped their price objective on Geo Group from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Finally, UBS Group set a $35.00 price objective on Geo Group in a report on Monday, March 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.00.

Geo Group 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.