Great West Life Assurance Co. Can Has $708,000 Position in The GEO Group, Inc. (NYSE:GEO)


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Great West Life Assurance Co. Can cut its stake in shares of The GEO Group, Inc. (NYSE:GEO) by 7.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,506 shares of the real estate investment trust’s stock after selling 4,696 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.05% of The GEO Group worth $708,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GEO. Jupiter Asset Management Ltd. acquired a new position in The GEO Group during the 3rd quarter worth about $13,381,000. First Trust Advisors LP lifted its holdings in The GEO Group by 954.9% during the 3rd quarter. First Trust Advisors LP now owns 785,898 shares of the real estate investment trust’s stock worth $8,912,000 after buying an additional 711,395 shares during the period. Ranger Global Real Estate Advisors LLC raised its position in shares of The GEO Group by 48.6% in the 3rd quarter. Ranger Global Real Estate Advisors LLC now owns 1,770,969 shares of the real estate investment trust’s stock worth $20,083,000 after acquiring an additional 579,261 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of The GEO Group by 29.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,052,006 shares of the real estate investment trust’s stock worth $24,276,000 after acquiring an additional 463,944 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of The GEO Group in the 3rd quarter worth about $4,159,000. 60.63% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The GEO Group stock opened at $8.75 on Thursday. The GEO Group, Inc. has a one year low of $8.00 and a one year high of $18.42. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 7.48, a PEG ratio of 0.38 and a beta of 0.90. The business has a 50-day simple moving average of $9.23 and a 200 day simple moving average of $10.28. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.19 and a quick ratio of 1.19.

The GEO Group (NYSE:GEO) last issued its earnings results on Thursday, October 29th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.23). The GEO Group had a net margin of 5.81% and a return on equity of 16.58%. On average, sell-side analysts expect that The GEO Group, Inc. will post 2.45 EPS for the current year.

GEO has been the subject of several research analyst reports. Zacks Investment Research lowered The GEO Group from a “buy” rating to a “hold” rating in a research report on Monday, November 9th. BidaskClub lowered The GEO Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 22nd.

The GEO Group 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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