Epoch Investment Partners Inc. reduced its holdings in shares of The GEO Group Inc (NYSE:GEO) by 5.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,694,829 shares of the real estate investment trust’s stock after selling 97,164 shares during the quarter. Epoch Investment Partners Inc. owned approximately 1.39% of The GEO Group worth $42,642,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Qube Research & Technologies Ltd bought a new stake in The GEO Group during the second quarter worth $116,000. Centaurus Financial Inc. bought a new stake in The GEO Group during the second quarter worth $149,000. Itau Unibanco Holding S.A. bought a new stake in The GEO Group during the second quarter worth $169,000. Jane Street Group LLC bought a new stake in The GEO Group during the second quarter worth $206,000. Finally, Dimensional Fund Advisors LP bought a new stake in The GEO Group during the second quarter worth $221,000. Institutional investors and hedge funds own 88.58% of the company’s stock.

NYSE:GEO opened at $23.41 on Friday. 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 Inc has a 1 year low of $19.05 and a 1 year high of $28.06. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 1.93 and a beta of 1.27.

The GEO Group (NYSE:GEO) last released its earnings results on Wednesday, November 7th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.19). The GEO Group had a return on equity of 14.63% and a net margin of 6.43%. The firm had revenue of $583.53 million during the quarter, compared to analysts’ expectations of $588.32 million. During the same period in the prior year, the business earned $0.63 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts predict that The GEO Group Inc will post 1.95 EPS for the current fiscal year.

In other news, CEO George C. Zoley bought 120,240 shares of the firm’s stock in a transaction on Monday, November 12th. The stock was acquired at an average cost of $22.45 per share, with a total value of $2,699,388.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George C. Zoley bought 50,000 shares of the firm’s stock in a transaction on Wednesday, November 21st. The stock was purchased at an average cost of $22.33 per share, with a total value of $1,116,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,750,000 shares of the company’s stock, valued at $39,077,500. The disclosure for this purchase can be found here. Company insiders own 36.50% of the company’s stock.

A number of analysts recently commented on GEO shares. ValuEngine lowered The GEO Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 7th. Wells Fargo & Co set a $25.00 price target on The GEO Group and gave the stock a “hold” rating in a report on Wednesday, November 28th. Finally, Zacks Investment Research upgraded The GEO Group from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday, November 13th.

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The GEO Group Company Profile

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.

Read More: Quiet Period

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

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