Public Employees Retirement System of Ohio Sells 1,042 Shares of The GEO Group, Inc. (NYSE:GEO)

Public Employees Retirement System of Ohio decreased its holdings in shares of The GEO Group, Inc. (NYSE:GEO) by 14.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,964 shares of the real estate investment trust’s stock after selling 1,042 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in The GEO Group were worth $77,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Point72 Asset Management L.P. boosted its position in shares of The GEO Group by 363.5% in the third quarter. Point72 Asset Management L.P. now owns 702,107 shares of the real estate investment trust’s stock valued at $9,022,000 after acquiring an additional 968,601 shares during the period. Hodges Capital Management Inc. raised its stake in The GEO Group by 1,501.6% during the 3rd quarter. Hodges Capital Management Inc. now owns 788,800 shares of the real estate investment trust’s stock valued at $10,136,000 after purchasing an additional 739,550 shares during the last quarter. Great Lakes Advisors LLC boosted its holdings in The GEO Group by 1,803.4% in the 2nd quarter. Great Lakes Advisors LLC now owns 312,508 shares of the real estate investment trust’s stock valued at $4,488,000 after purchasing an additional 296,090 shares during the period. Lee Danner & Bass Inc. acquired a new stake in The GEO Group in the 2nd quarter worth $3,906,000. Finally, Philosophy Capital Management LLC increased its holdings in shares of The GEO Group by 17.1% during the 3rd quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust’s stock worth $21,125,000 after purchasing an additional 240,251 shares during the period. Institutional investors and hedge funds own 76.10% of the company’s stock.

The GEO Group Stock Down 1.7 %

Shares of GEO opened at $27.51 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The company has a 50-day moving average price of $23.18 and a two-hundred day moving average price of $17.07. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 94.87, a P/E/G ratio of 3.32 and a beta of 0.88. The GEO Group, Inc. has a 12 month low of $10.46 and a 12 month high of $29.86.

Analysts Set New Price Targets

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

The GEO Group Company 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.