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

Sterneck Capital Management LLC lowered its holdings in The GEO Group, Inc. (NYSE:GEO) by 54.4% in the fourth quarter, HoldingsChannel reports. The firm owned 13,312 shares of the real estate investment trust’s stock after selling 15,866 shares during the period. Sterneck Capital Management LLC’s holdings in The GEO Group were worth $372,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. State Street Corp boosted its stake in shares of The GEO Group by 1.4% during the 3rd quarter. State Street Corp now owns 4,919,298 shares of the real estate investment trust’s stock valued at $63,213,000 after buying an additional 66,658 shares during the last quarter. Geode Capital Management LLC raised its holdings in The GEO Group by 3.3% in the third quarter. Geode Capital Management LLC now owns 3,016,103 shares of the real estate investment trust’s stock valued at $38,765,000 after acquiring an additional 97,452 shares in the last quarter. Philosophy Capital Management LLC raised its holdings in The GEO Group by 17.1% in the third quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust’s stock valued at $21,125,000 after acquiring an additional 240,251 shares in the last quarter. Hodges Capital Management Inc. boosted 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 acquiring an additional 739,550 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in The GEO Group by 363.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 702,107 shares of the real estate investment trust’s stock worth $9,022,000 after acquiring an additional 968,601 shares in the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

The GEO Group Trading Down 1.4 %

Shares of GEO stock opened at $28.67 on Wednesday. The stock has a 50-day simple moving average of $26.28 and a 200 day simple moving average of $18.37. The stock has a market capitalization of $4.01 billion, a P/E ratio of 98.87, a P/E/G ratio of 3.32 and a beta of 0.87. The GEO Group, Inc. has a fifty-two week low of $10.46 and a fifty-two week high of $29.86. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GEO shares. Wedbush restated an “outperform” rating on shares of The GEO Group in a research note on Tuesday, December 17th. Northland Securities upped 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.

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.