Aperio Group LLC Trims Holdings in Geo Group Inc (The) (GEO)

Aperio Group LLC lessened its position in Geo Group Inc (The) (NYSE:GEO) by 7.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 42,722 shares of the real estate investment trust’s stock after selling 3,481 shares during the period. Aperio Group LLC’s holdings in Geo Group Inc (The) were worth $1,149,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Advisor Group Inc. grew its stake in Geo Group Inc (The) by 54.0% in the second quarter. Advisor Group Inc. now owns 4,344 shares of the real estate investment trust’s stock valued at $126,000 after acquiring an additional 1,524 shares during the period. Ffcm LLC lifted its holdings in shares of Geo Group Inc (The) by 265.8% in the second quarter. Ffcm LLC now owns 4,415 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 3,208 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Geo Group Inc (The) by 69.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,661 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 1,909 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of Geo Group Inc (The) by 201.8% in the second quarter. Riverhead Capital Management LLC now owns 6,639 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 4,439 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Geo Group Inc (The) in the second quarter valued at approximately $199,000. 96.38% of the stock is owned by hedge funds and other institutional investors.

Geo Group Inc (NYSE:GEO) opened at $25.71 on Friday. Geo Group Inc has a fifty-two week low of $19.94 and a fifty-two week high of $34.32. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $3,189.84, a P/E ratio of 10.52, a PEG ratio of 2.21 and a beta of 1.52.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 30th. Investors of record on Monday, October 23rd were issued a dividend of $0.47 per share. The ex-dividend date was Friday, October 20th. This represents a $1.88 dividend on an annualized basis and a yield of 7.31%. Geo Group Inc (The)’s dividend payout ratio (DPR) is currently 139.26%.

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GEO has been the topic of a number of recent research reports. BidaskClub lowered Geo Group Inc (The) from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Canaccord Genuity set a $35.00 target price on Geo Group Inc (The) and gave the company a “buy” rating in a report on Monday, August 7th. Zacks Investment Research lowered Geo Group Inc (The) from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, ValuEngine upgraded Geo Group Inc (The) from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Geo Group Inc (The) has an average rating of “Hold” and an average target price of $33.83.

In related news, Director Christopher C. Wheeler sold 1,500 shares of Geo Group Inc (The) stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $25.09, for a total transaction of $37,635.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.40% of the company’s stock.

About Geo Group Inc (The)

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.

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

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