Saxon Interests Inc. Reduces Holdings in The GEO Group, Inc. (NYSE:GEO)

Saxon Interests Inc. lowered its position in The GEO Group, Inc. (NYSE:GEO) by 6.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,638 shares of the real estate investment trust’s stock after selling 1,087 shares during the quarter. Saxon Interests Inc.’s holdings in The GEO Group were worth $410,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Intech Investment Management LLC bought a new position in The GEO Group during the third quarter worth about $1,279,000. Versor Investments LP purchased a new position in The GEO Group during the 3rd quarter valued at about $604,000. BNP Paribas Financial Markets boosted its position in shares of The GEO Group by 20.7% in the third quarter. BNP Paribas Financial Markets now owns 273,724 shares of the real estate investment trust’s stock valued at $3,517,000 after acquiring an additional 46,905 shares during the period. Jennison Associates LLC bought a new stake in The GEO Group during the 3rd quarter worth approximately $630,000. Finally, Quest Partners LLC purchased a new position in shares of The GEO Group during the 3rd quarter valued at $609,000. 76.10% of the stock is currently owned by institutional investors.

The GEO Group Stock Up 1.7 %

Shares of GEO opened at $34.56 on Friday. The firm has a market cap of $4.83 billion, a P/E ratio of 118.96, a P/E/G ratio of 2.44 and a beta of 0.87. The GEO Group, Inc. has a 1 year low of $10.47 and a 1 year high of $34.85. The stock has a 50 day simple moving average of $28.33 and a two-hundred day simple moving average of $19.20. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GEO. Wedbush reissued an “outperform” rating on shares of The GEO Group in a research note on Tuesday, December 17th. Northland Securities increased their price target on shares of The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Noble Financial downgraded shares of 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.