The GEO Group, Inc. (NYSE:GEO) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC reduced its position in The GEO Group, Inc. (NYSE:GEO) by 9.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,262 shares of the real estate investment trust’s stock after selling 1,548 shares during the quarter. DGS Capital Management LLC’s holdings in The GEO Group were worth $196,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GEO. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of The GEO Group in the third quarter valued at about $25,000. Sound Income Strategies LLC grew its stake in The GEO Group by 472.1% during the 3rd quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 2,625 shares in the last quarter. Morse Asset Management Inc purchased a new position in The GEO Group in the 3rd quarter worth approximately $67,000. Quarry LP acquired a new position in shares of The GEO Group during the 3rd quarter worth approximately $77,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of The GEO Group by 62.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 2,393 shares in the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GEO shares. Noble Financial downgraded The GEO Group from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Wedbush lifted their price target on The GEO Group from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Northland Securities upped their price objective on shares of The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

The GEO Group Trading Down 1.3 %

GEO opened at $27.41 on Friday. The stock has a market capitalization of $3.83 billion, a PE ratio of 94.52, a P/E/G ratio of 3.32 and a beta of 0.88. The GEO Group, Inc. has a one year low of $10.13 and a one year high of $29.86. 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 business’s 50 day moving average price is $21.82 and its 200 day moving average price is $16.62.

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.