Gordian Capital Singapore Pte Ltd Trims Stock Holdings in The GEO Group, Inc. (NYSE:GEO)

Gordian Capital Singapore Pte Ltd lessened its stake in shares of The GEO Group, Inc. (NYSE:GEO) by 44.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,800 shares of the real estate investment trust’s stock after selling 35,200 shares during the quarter. Gordian Capital Singapore Pte Ltd’s holdings in The GEO Group were worth $1,254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Discovery Capital Management LLC CT lifted its stake in shares of The GEO Group by 375.2% during the fourth 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 buying an additional 1,452,400 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of The 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 worth $59,451,000 after purchasing an additional 1,422,676 shares during the period. Newbrook Capital Advisors LP acquired a new stake in The GEO Group in the 4th quarter worth about $35,738,000. BlueCrest Capital Management Ltd purchased a new position in shares of The GEO Group in the 4th quarter worth $34,456,000. Finally, Forest Avenue Capital Management LP acquired a new position in The GEO Group in the fourth quarter valued at $20,197,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

The GEO Group Stock Performance

The GEO Group stock opened at $26.75 on Thursday. 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 GEO Group, Inc. has a one year low of $11.75 and a one year high of $36.46. The stock’s 50 day moving average price is $28.59 and its 200 day moving average price is $28.15. The firm has a market capitalization of $3.78 billion, a PE ratio of 92.25, a price-to-earnings-growth ratio of 2.11 and a beta of 0.80.

The GEO Group (NYSE:GEO) last issued its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. The business had revenue of $604.65 million during the quarter, compared to analysts’ expectations of $611.81 million. During the same period in the prior year, the company posted $0.14 EPS. As a group, sell-side analysts expect that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Insider Transactions 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 value of $225,000.00. Following the completion of the transaction, the executive vice president now directly owns 67,469 shares in the company, valued at approximately $2,024,070. This trade represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GEO shares. UBS Group set a $35.00 price objective on The GEO Group in a 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 cut their price target on shares of The GEO Group from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Wedbush reiterated an “outperform” rating and set a $36.00 price objective (down from $46.00) on shares of The GEO Group in a research note on Thursday, May 8th. Finally, StockNews.com raised shares of The GEO Group from a “sell” rating to a “hold” rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

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.