9,419 Shares in The GEO Group, Inc. (NYSE:GEO) Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd acquired a new position in shares of The GEO Group, Inc. (NYSE:GEO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,419 shares of the real estate investment trust’s stock, valued at approximately $264,000.

Other hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in shares of The GEO Group by 12.0% in the 3rd quarter. Victory Capital Management Inc. now owns 195,376 shares of the real estate investment trust’s stock valued at $2,511,000 after purchasing an additional 20,962 shares during the period. Quest Partners LLC acquired a new stake in shares of The GEO Group in the third quarter valued at about $609,000. Jennison Associates LLC acquired a new stake in shares of The GEO Group in the third quarter valued at about $630,000. Intech Investment Management LLC bought a new position in The GEO Group during the third quarter worth about $1,279,000. Finally, Pekin Hardy Strauss Inc. grew its holdings in The GEO Group by 65.4% during the third quarter. Pekin Hardy Strauss Inc. now owns 38,200 shares of the real estate investment trust’s stock worth $491,000 after purchasing an additional 15,100 shares during the period. Institutional investors and hedge funds own 76.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on GEO. Wedbush reiterated an “outperform” rating and set a $46.00 price target on shares of The GEO Group in a report on Tuesday. Noble Financial upgraded The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a report on Wednesday, March 5th. Jones Trading restated a “buy” rating and set a $55.00 price objective on shares of The GEO Group in a report on Friday. StockNews.com cut The GEO Group from a “hold” rating to a “sell” rating in a report on Thursday. Finally, UBS Group set a $32.00 price objective on The GEO Group in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.40.

The GEO Group Trading Down 2.9 %

Shares of GEO stock opened at $28.24 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25. The stock has a market cap of $3.96 billion, a P/E ratio of 97.37, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The stock has a 50 day simple moving average of $28.57 and a 200 day simple moving average of $23.60. The GEO Group, Inc. has a 1 year low of $11.75 and a 1 year high of $36.46.

The GEO Group (NYSE:GEO) last issued its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). The company had revenue of $607.72 million during the quarter, compared to the consensus estimate of $607.45 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. On average, research analysts predict that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.

The GEO Group Company Profile

The GEO Group, Inc (NYSE: GEO) engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects.