The GEO Group Inc (GEO) Position Lowered by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC cut its holdings in shares of The GEO Group Inc (NYSE:GEO) by 19.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,570,731 shares of the real estate investment trust’s stock after selling 1,318,759 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 4.53% of The GEO Group worth $114,033,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GEO. Carillon Tower Advisers Inc. purchased a new stake in shares of The GEO Group during the fourth quarter valued at $27,629,000. Ascend Capital LLC purchased a new stake in shares of The GEO Group during the fourth quarter valued at $13,004,000. Global X Management Co. LLC boosted its position in shares of The GEO Group by 44,767.8% during the first quarter. Global X Management Co. LLC now owns 452,267 shares of the real estate investment trust’s stock valued at $9,258,000 after buying an additional 451,259 shares during the last quarter. Deutsche Bank AG boosted its position in shares of The GEO Group by 255.6% during the fourth quarter. Deutsche Bank AG now owns 618,920 shares of the real estate investment trust’s stock valued at $14,604,000 after buying an additional 444,860 shares during the last quarter. Finally, Denver Investment Advisors LLC boosted its position in shares of The GEO Group by 45.0% during the first quarter. Denver Investment Advisors LLC now owns 1,385,714 shares of the real estate investment trust’s stock valued at $28,365,000 after buying an additional 430,050 shares during the last quarter. 93.66% of the stock is currently owned by institutional investors.

The GEO Group opened at $25.05 on Tuesday, Marketbeat reports. The GEO Group Inc has a fifty-two week low of $19.05 and a fifty-two week high of $31.04. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 2.13 and a beta of 1.30.



The GEO Group (NYSE:GEO) last posted its earnings results on Thursday, April 26th. The real estate investment trust reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The GEO Group had a return on equity of 13.63% and a net margin of 6.18%. The company had revenue of $565.00 million for the quarter, compared to the consensus estimate of $559.86 million. During the same quarter in the prior year, the company earned $0.35 earnings per share. The GEO Group’s revenue was up 2.6% on a year-over-year basis. equities analysts predict that The GEO Group Inc will post 1.95 earnings per share for the current year.

In other news, VP Shayn P. March sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $25.13, for a total value of $75,390.00. Following the transaction, the vice president now owns 30,498 shares of the company’s stock, valued at $766,414.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John J. Bulfin sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $24.98, for a total value of $124,900.00. Following the completion of the transaction, the senior vice president now directly owns 208,017 shares in the company, valued at approximately $5,196,264.66. The disclosure for this sale can be found here. In the last three months, insiders sold 9,700 shares of company stock worth $242,246. 2.20% of the stock is owned by corporate insiders.

Several equities research analysts recently commented on the company. Zacks Investment Research raised The GEO Group from a “sell” rating to a “hold” rating in a research report on Monday, April 30th. ValuEngine downgraded The GEO Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $34.00.

The GEO Group Profile

The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust 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.

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

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