Kestra Private Wealth Services LLC Sells 15,900 Shares of The GEO Group, Inc. (NYSE:GEO)

Kestra Private Wealth Services LLC decreased its position in shares of The GEO Group, Inc. (NYSE:GEO) by 39.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,135 shares of the real estate investment trust’s stock after selling 15,900 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in The GEO Group were worth $675,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning boosted its stake in The GEO Group by 9.0% during the 3rd quarter. Creative Planning now owns 11,096 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 919 shares during the last quarter. GAMMA Investing LLC increased its holdings in The GEO Group by 18.6% in the 4th 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. KBC Group NV raised its position in The GEO Group by 37.2% in the 4th quarter. KBC Group NV now owns 6,023 shares of the real estate investment trust’s stock worth $169,000 after buying an additional 1,632 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in The GEO Group during the 3rd quarter valued at about $25,000. Finally, Chesapeake Capital Corp IL boosted its holdings in shares of The GEO Group by 27.9% during the 3rd quarter. Chesapeake Capital Corp IL now owns 22,000 shares of the real estate investment trust’s stock valued at $280,000 after acquiring an additional 4,800 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.

The GEO Group Stock Performance

Shares of NYSE GEO opened at $27.18 on Friday. The GEO Group, Inc. has a 12-month low of $11.10 and a 12-month high of $36.46. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 93.74, a price-to-earnings-growth ratio of 2.17 and a beta of 0.87. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25. The firm has a 50 day moving average of $29.62 and a 200 day moving average of $21.35.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GEO shares. Wedbush reissued an “outperform” rating on shares of The GEO Group in a report on Tuesday, December 17th. Northland Securities increased their price target on The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Noble Financial lowered The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th.

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.