Cubist Systematic Strategies LLC lessened its position in shares of The GEO Group Inc (NYSE:GEO) by 78.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,945 shares of the real estate investment trust’s stock after selling 28,772 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in The GEO Group were worth $214,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisor Group Inc. lifted its stake in shares of The GEO Group by 54.0% during 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. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in The GEO Group 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 buying an additional 1,909 shares during the period. Riverhead Capital Management LLC lifted its stake in The GEO Group 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 buying an additional 4,439 shares during the period. Toronto Dominion Bank lifted its stake in The GEO Group by 50.0% in the second quarter. Toronto Dominion Bank now owns 6,901 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 2,300 shares during the period. Finally, Pacad Investment Ltd. acquired a new position in The GEO Group in the second quarter valued at about $225,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

In other The GEO Group news, Director Christopher C. Wheeler sold 1,500 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $25.09, for a total value of $37,635.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.40% of the company’s stock.

Several equities analysts have weighed in on GEO shares. Zacks Investment Research lowered The GEO Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. ValuEngine lowered The GEO Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 22nd. Finally, TheStreet raised The GEO Group from a “c+” rating to a “b-” rating in a research note on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The GEO Group has a consensus rating of “Hold” and a consensus target price of $33.83.

The GEO Group Inc (NYSE:GEO) opened at $22.76 on Thursday. The GEO Group Inc has a one year low of $22.73 and a one year 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 $2,820.00, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.93 and a beta of 1.52.

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The GEO Group Profile

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 The GEO Group (NYSE:GEO)

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