Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in The GEO Group Inc (NYSE:GEO) by 25.5% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 24,740 shares of the real estate investment trust’s stock after selling 8,466 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in The GEO Group were worth $622,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GEO. Principal Financial Group Inc. grew its position in The GEO Group by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 537,984 shares of the real estate investment trust’s stock worth $11,013,000 after purchasing an additional 14,027 shares in the last quarter. Dupont Capital Management Corp purchased a new position in The GEO Group during the 2nd quarter worth approximately $626,000. Aperio Group LLC grew its position in The GEO Group by 15.4% during the 2nd quarter. Aperio Group LLC now owns 31,187 shares of the real estate investment trust’s stock worth $859,000 after purchasing an additional 4,158 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in The GEO Group by 7.9% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 126,711 shares of the real estate investment trust’s stock worth $3,490,000 after purchasing an additional 9,316 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in The GEO Group by 34.6% during the 2nd quarter. Wells Fargo & Company MN now owns 646,930 shares of the real estate investment trust’s stock worth $17,817,000 after purchasing an additional 166,168 shares in the last quarter. Institutional investors own 88.58% of the company’s stock.

Shares of NYSE:GEO opened at $23.03 on Friday. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 9.03, a P/E/G ratio of 1.93 and a beta of 1.27. The GEO Group Inc has a 12-month low of $19.05 and a 12-month high of $28.06. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.85 and a quick ratio of 0.85.

The GEO Group (NYSE:GEO) last issued its earnings results on Wednesday, November 7th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.19). The company had revenue of $583.53 million for the quarter, compared to analyst estimates of $588.32 million. The GEO Group had a net margin of 6.43% and a return on equity of 14.63%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the business earned $0.63 EPS. Equities analysts forecast that The GEO Group Inc will post 1.95 EPS for the current fiscal year.

In other The GEO Group news, CEO George C. Zoley acquired 120,240 shares of The GEO Group stock in a transaction that occurred on Monday, November 12th. The stock was acquired at an average price of $22.45 per share, with a total value of $2,699,388.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO George C. Zoley acquired 50,000 shares of The GEO Group stock in a transaction that occurred on Wednesday, November 21st. The stock was acquired at an average cost of $22.33 per share, with a total value of $1,116,500.00. Following the purchase, the chief executive officer now owns 1,750,000 shares in the company, valued at approximately $39,077,500. The disclosure for this purchase can be found here. Company insiders own 36.50% of the company’s stock.

GEO has been the subject of a number of research reports. Zacks Investment Research raised shares of The GEO Group from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, November 13th. ValuEngine raised shares of The GEO Group from a “strong sell” rating to a “sell” rating in a research note on Friday, November 23rd. Finally, Wells Fargo & Co set a $25.00 target price on shares of The GEO Group and gave the company a “hold” rating in a research note on Wednesday, November 28th.

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About The GEO Group

The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust ("REIT") specializing in the design, financing, development, and operation of correctional, detention, and community reentry facilities around the globe. GEO is the world's leading provider of diversified correctional, detention, community reentry, and electronic monitoring services to government agencies worldwide with operations in the United States, Australia, South Africa, and the United Kingdom.

Further Reading: The Role of a Fiduciary and Individual Investors

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

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