Amalgamated Bank Trims Stock Holdings in The GEO Group, Inc. (NYSE:GEO)

Amalgamated Bank lessened its stake in shares of The GEO Group, Inc. (NYSE:GEO) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,391 shares of the real estate investment trust’s stock after selling 429 shares during the quarter. Amalgamated Bank’s holdings in The GEO Group were worth $1,102,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of The GEO Group in the 3rd quarter worth approximately $25,000. Morse Asset Management Inc acquired a new position in The GEO Group during the third quarter worth $67,000. Quarry LP acquired a new position in The GEO Group during the third quarter worth $77,000. Rothschild Investment LLC boosted its position in shares of The GEO Group by 6,800.0% during the fourth quarter. Rothschild Investment LLC now owns 4,140 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 4,080 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in shares of The GEO Group in the third quarter valued at $141,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

The GEO Group Stock Down 4.2 %

Shares of NYSE GEO opened at $26.21 on Tuesday. The stock has a market cap of $3.66 billion, a P/E ratio of 90.38, a PEG ratio of 2.11 and a beta of 0.87. The business’s fifty day simple moving average is $29.38 and its 200-day simple moving average is $22.52. The GEO Group, Inc. has a 12-month low of $11.50 and a 12-month high of $36.46. 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 GEO Group (NYSE:GEO) last posted its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. The company had revenue of $607.72 million during the quarter, compared to analyst estimates of $607.45 million. As a group, equities analysts predict that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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