Wellington Shields & Co. LLC Has $781,000 Holdings in Geo Group Inc (The) (GEO)

Wellington Shields & Co. LLC boosted its holdings in shares of Geo Group Inc (The) (NYSE:GEO) by 7.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 29,050 shares of the real estate investment trust’s stock after acquiring an additional 2,000 shares during the period. Wellington Shields & Co. LLC’s holdings in Geo Group Inc (The) were worth $781,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. California Public Employees Retirement System grew its holdings in Geo Group Inc (The) by 44.9% during the 2nd quarter. California Public Employees Retirement System now owns 291,000 shares of the real estate investment trust’s stock worth $8,605,000 after acquiring an additional 90,200 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Geo Group Inc (The) by 305.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 90,153 shares of the real estate investment trust’s stock worth $2,666,000 after acquiring an additional 67,923 shares during the period. Artemis Investment Management LLP grew its holdings in Geo Group Inc (The) by 96.0% during the 2nd quarter. Artemis Investment Management LLP now owns 3,022,274 shares of the real estate investment trust’s stock worth $89,325,000 after acquiring an additional 1,480,619 shares during the period. SG Americas Securities LLC grew its holdings in Geo Group Inc (The) by 246.2% during the 2nd quarter. SG Americas Securities LLC now owns 38,379 shares of the real estate investment trust’s stock worth $1,135,000 after acquiring an additional 27,294 shares during the period. Finally, Blair William & Co. IL grew its holdings in Geo Group Inc (The) by 74.5% during the 2nd quarter. Blair William & Co. IL now owns 41,889 shares of the real estate investment trust’s stock worth $1,239,000 after acquiring an additional 17,879 shares during the period. 96.38% of the stock is owned by hedge funds and other institutional investors.

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A number of brokerages have recently weighed in on GEO. Zacks Investment Research cut shares of Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. ValuEngine cut shares of Geo Group Inc (The) from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 22nd. Canaccord Genuity set a $35.00 price target on shares of Geo Group Inc (The) and gave the stock a “buy” rating in a research report on Monday, August 7th. Finally, BidaskClub cut shares of Geo Group Inc (The) from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Geo Group Inc (The) currently has an average rating of “Hold” and an average target price of $33.83.

Shares of Geo Group Inc (NYSE GEO) traded down $0.39 during midday trading on Tuesday, hitting $26.19. 477,800 shares of the stock were exchanged, compared to its average volume of 1,071,753. The company has a market capitalization of $3,250.00, a PE ratio of 10.88, a price-to-earnings-growth ratio of 2.29 and a beta of 1.50. Geo Group Inc has a 52 week low of $19.76 and a 52 week high of $34.32. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.05.

The company also recently declared a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Monday, October 23rd were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, October 20th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.18%. Geo Group Inc (The)’s dividend payout ratio is 138.24%.

In other news, Director Norman A. Carlson sold 10,000 shares of Geo Group Inc (The) stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $25.77, for a total transaction of $257,700.00. Following the transaction, the director now directly owns 39,779 shares of the company’s stock, valued at $1,025,104.83. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.

Geo Group Inc (The) Company Profile

The GEO Group, Inc is a real estate investment trust (REIT) specializing in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.

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Institutional Ownership by Quarter for Geo Group Inc (The) (NYSE:GEO)

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