Hodges Capital Management Inc. Lowers Position in The GEO Group, Inc. (NYSE:GEO)

Hodges Capital Management Inc. trimmed its position in shares of The GEO Group, Inc. (NYSE:GEO) by 77.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 175,500 shares of the real estate investment trust’s stock after selling 613,300 shares during the quarter. Hodges Capital Management Inc.’s holdings in The GEO Group were worth $4,911,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GEO. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of The GEO Group during the third quarter valued at approximately $25,000. Sound Income Strategies LLC lifted 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 valued at $41,000 after buying an additional 2,625 shares during the period. Morse Asset Management Inc bought a new stake in shares of The GEO Group during the 3rd quarter valued at $67,000. Quarry LP purchased a new stake in shares of The GEO Group in the 3rd quarter worth about $77,000. Finally, KBC Group NV increased its stake in shares of The GEO Group by 37.2% in the 4th quarter. KBC Group NV now owns 6,023 shares of the real estate investment trust’s stock worth $169,000 after acquiring an additional 1,632 shares in the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

The GEO Group Stock Performance

Shares of The GEO Group stock opened at $31.52 on Monday. The GEO Group, Inc. has a 1 year low of $11.01 and a 1 year high of $36.46. The firm’s 50-day moving average is $29.66 and its 200 day moving average is $20.58. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 108.70, a PEG ratio of 2.49 and a beta of 0.87. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10.

The GEO Group (NYSE:GEO) last issued its earnings results on Thursday, November 7th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.03). The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. The firm had revenue of $603.13 million during the quarter, compared to analysts’ expectations of $611.69 million. During the same period last year, the firm posted $0.19 earnings per share. Sell-side analysts anticipate that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GEO has been the topic of several research reports. 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. Northland Securities boosted their price target on The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Wedbush restated an “outperform” rating on shares of The GEO Group in a research note on Tuesday, December 17th.

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.