WINTON GROUP Ltd decreased its position in The GEO Group, Inc. (NYSE:GEO – Free Report) by 82.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,519 shares of the real estate investment trust’s stock after selling 70,237 shares during the period. WINTON GROUP Ltd’s holdings in The GEO Group were worth $406,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of GEO. State Street Corp lifted its stake in shares of The GEO Group by 1.4% in the 3rd quarter. State Street Corp now owns 4,919,298 shares of the real estate investment trust’s stock valued at $63,213,000 after purchasing an additional 66,658 shares during the period. Geode Capital Management LLC increased its holdings in The GEO Group by 3.3% in the third quarter. Geode Capital Management LLC now owns 3,016,103 shares of the real estate investment trust’s stock worth $38,765,000 after purchasing an additional 97,452 shares in the last quarter. Philosophy Capital Management LLC lifted its stake in The GEO Group by 17.1% in the third quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust’s stock valued at $21,125,000 after buying an additional 240,251 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of The GEO Group by 5.8% during the 4th quarter. Allianz Asset Management GmbH now owns 1,491,209 shares of the real estate investment trust’s stock worth $41,724,000 after buying an additional 82,341 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of The GEO Group by 91.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust’s stock worth $24,050,000 after buying an additional 411,565 shares in the last quarter. Institutional investors own 76.10% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. Noble Financial reiterated an “outperform” rating on shares of The GEO Group in a research report on Monday, March 24th. UBS Group set a $35.00 price objective on shares of The GEO Group in a report on Monday, March 24th. Wedbush restated an “outperform” rating and issued a $46.00 target price on shares of The GEO Group in a research note on Tuesday, March 18th. Jones Trading reaffirmed a “buy” rating and set a $55.00 price target on shares of The GEO Group in a research note on Friday, March 21st. Finally, StockNews.com cut The GEO Group from a “hold” rating to a “sell” rating in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.
The GEO Group Stock Performance
Shares of GEO opened at $29.30 on Monday. The GEO Group, Inc. has a 52 week low of $11.75 and a 52 week high of $36.46. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a 50 day moving average price of $28.21 and a two-hundred day moving average price of $24.32. The firm has a market capitalization of $4.13 billion, a P/E ratio of 101.03, a P/E/G ratio of 2.11 and a beta of 0.91.
The GEO Group (NYSE:GEO – Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. The company had revenue of $607.72 million during the quarter, compared to analysts’ expectations of $607.45 million. Equities analysts forecast that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.
The GEO Group 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.
Further Reading
- Five stocks we like better than The GEO Group
- What Are Some of the Best Large-Cap Stocks to Buy?
- Venezuelan Tariffs Could Power These 3 Diesel-Driven Winners
- How to Use the MarketBeat Stock Screener
- MarketBeat Week in Review – 03/24 – 03/28
- Pros And Cons Of Monthly Dividend Stocks
- Should You Buy UPS Stock Now? Deep Dive Into Its 5-Year Low
Want to see what other hedge funds are holding GEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The GEO Group, Inc. (NYSE:GEO – Free Report).
Receive News & Ratings for The GEO Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The GEO Group and related companies with MarketBeat.com's FREE daily email newsletter.