Squarepoint Ops LLC Trims Position in The GEO Group, Inc. (NYSE:GEO)

Squarepoint Ops LLC cut its holdings in shares of The GEO Group, Inc. (NYSE:GEO) by 16.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,089 shares of the real estate investment trust’s stock after selling 19,379 shares during the period. Squarepoint Ops LLC’s holdings in The GEO Group were worth $860,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its stake in The GEO Group by 10.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 15,550 shares of the real estate investment trust’s stock worth $138,000 after purchasing an additional 1,515 shares during the period. Sowell Financial Services LLC grew its stake in The GEO Group by 56.3% in the fourth quarter. Sowell Financial Services LLC now owns 5,553 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 2,000 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in The GEO Group by 2.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 96,100 shares of the real estate investment trust’s stock worth $851,000 after purchasing an additional 2,500 shares during the period. D Orazio & Associates Inc. purchased a new stake in The GEO Group in the fourth quarter worth $25,000. Finally, Daiwa Securities Group Inc. grew its stake in The GEO Group by 13.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 28,239 shares of the real estate investment trust’s stock worth $250,000 after purchasing an additional 3,300 shares during the period. 64.58% of the stock is currently owned by institutional investors.

The GEO Group stock opened at $6.21 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.85. The business’s fifty day simple moving average is $7.78 and its two-hundred day simple moving average is $9.02. The GEO Group, Inc. has a 12 month low of $6.21 and a 12 month high of $15.45. The company has a market capitalization of $753.32 million, a price-to-earnings ratio of 5.31, a price-to-earnings-growth ratio of 0.35 and a beta of 0.89.

The GEO Group (NYSE:GEO) last released its earnings results on Tuesday, February 16th. The real estate investment trust reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.07. The GEO Group had a return on equity of 16.58% and a net margin of 5.81%. During the same period in the prior year, the business earned $0.28 EPS. On average, equities research analysts predict that The GEO Group, Inc. will post 2.45 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, February 1st. Shareholders of record on Monday, January 25th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 16.10%. The ex-dividend date of this dividend was Friday, January 22nd. The GEO Group’s dividend payout ratio (DPR) is 36.36%.

Separately, Zacks Investment Research cut The GEO Group from a “hold” rating to a “strong sell” rating in a research note on Monday, February 22nd.

The GEO Group Company Profile

The GEO Group (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO is a leading provider of enhanced in-custody rehabilitation, post-release support, electronic monitoring, and community-based programs.

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

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