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

Beaconlight Capital LLC lessened its stake in The GEO Group, Inc. (NYSE:GEO) by 77.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 76,707 shares of the real estate investment trust’s stock after selling 265,439 shares during the quarter. The GEO Group makes up about 0.4% of Beaconlight Capital LLC’s portfolio, making the stock its 25th biggest holding. Beaconlight Capital LLC’s holdings in The GEO Group were worth $986,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Sound Income Strategies LLC boosted its position in The GEO Group by 472.1% during the third quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 2,625 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of The GEO Group by 38.5% during the 3rd quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock worth $88,000 after buying an additional 1,910 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in The GEO Group by 62.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust’s stock valued at $90,000 after acquiring an additional 2,393 shares during the last quarter. nVerses Capital LLC purchased a new position in The GEO Group in the third quarter worth approximately $121,000. Finally, Innealta Capital LLC acquired a new stake in The GEO Group during the second quarter worth $140,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Analysts Set New Price Targets

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

The GEO Group Trading Up 1.3 %

NYSE GEO traded up $0.35 during trading on Wednesday, hitting $28.18. The stock had a trading volume of 60,711 shares, compared to its average volume of 2,703,513. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $3.94 billion, a PE ratio of 95.97, a PEG ratio of 3.38 and a beta of 0.63. The firm has a 50 day moving average price of $17.52 and a 200 day moving average price of $15.20. The GEO Group, Inc. has a twelve month low of $9.77 and a twelve month high of $29.57.

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.