The GEO Group, Inc. (NYSE:GEO) Position Reduced by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lowered its stake in The GEO Group, Inc. (NYSE:GEO) by 2.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 797,571 shares of the real estate investment trust’s stock after selling 19,476 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in The GEO Group were worth $10,249,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Nisa Investment Advisors LLC increased its holdings in The GEO Group by 131.8% in the second quarter. Nisa Investment Advisors LLC now owns 1,037,881 shares of the real estate investment trust’s stock valued at $14,904,000 after buying an additional 590,099 shares during the last quarter. Center Lake Capital Management LLC grew its position in shares of The GEO Group by 500.0% in the 1st quarter. Center Lake Capital Management LLC now owns 600,000 shares of the real estate investment trust’s stock worth $8,472,000 after acquiring an additional 500,000 shares in the last quarter. Great Lakes Advisors LLC increased its holdings in shares of 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 acquiring an additional 296,090 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of The GEO Group during the 2nd quarter valued at approximately $3,906,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in The GEO Group during the second quarter worth $2,790,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

The GEO Group Stock Performance

NYSE:GEO opened at $28.90 on Friday. 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, Inc. has a twelve month low of $9.38 and a twelve month high of $29.48. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 99.66, a price-to-earnings-growth ratio of 3.44 and a beta of 0.63. The company has a 50-day moving average of $16.91 and a 200-day moving average of $14.98.

Wall Street Analyst Weigh In

GEO has been the topic of a number of research reports. Noble Financial cut shares of The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Wedbush raised their target price on shares of The GEO Group from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Northland Securities lifted their target price on The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, StockNews.com cut The GEO Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th.

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.