Discovery Capital Management LLC CT Increases Stock Position in The GEO Group, Inc. (NYSE:GEO)

Discovery Capital Management LLC CT increased its position in The GEO Group, Inc. (NYSE:GEO) by 375.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,839,500 shares of the real estate investment trust’s stock after buying an additional 1,452,400 shares during the quarter. The GEO Group makes up about 3.6% of Discovery Capital Management LLC CT’s investment portfolio, making the stock its 8th largest position. Discovery Capital Management LLC CT’s holdings in The GEO Group were worth $51,469,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of GEO. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of The GEO Group in the third quarter worth about $25,000. SRS Capital Advisors Inc. boosted its stake in The GEO Group by 160.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 720 shares during the period. Smartleaf Asset Management LLC grew its holdings in The GEO Group by 149.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 915 shares in the last quarter. Morse Asset Management Inc bought a new stake in shares of The GEO Group during the third quarter valued at approximately $67,000. Finally, Quarry LP bought a new stake in shares of The GEO Group during the third quarter valued at approximately $77,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $46.00 target price on shares of The GEO Group in a research note on Tuesday, March 18th. Jones Trading reiterated a “buy” rating and issued a $55.00 target price on shares of The GEO Group in a research report on Friday, March 21st. Noble Financial restated an “outperform” rating on shares of The GEO Group in a report on Monday, March 24th. StockNews.com cut The GEO Group from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, UBS Group set a $35.00 target price on shares of The GEO Group in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The GEO Group currently has an average rating of “Moderate Buy” and an average price target of $41.00.

Insider Activity

In related news, EVP Shayn P. March sold 7,500 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $30.00, for a total transaction of $225,000.00. Following the completion of the transaction, the executive vice president now owns 67,469 shares in the company, valued at $2,024,070. The trade was a 10.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.30% of the company’s stock.

The GEO Group Trading Down 0.1 %

Shares of GEO stock opened at $29.28 on Tuesday. The company has a market cap of $4.13 billion, a PE ratio of 100.98, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The GEO Group, Inc. has a 1 year low of $11.75 and a 1 year high of $36.46. The stock’s 50 day simple moving average is $28.08 and its two-hundred day simple moving average is $24.44. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10.

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 analysts’ consensus estimates of $0.21 by ($0.08). The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. The company had revenue of $607.72 million during the quarter, compared to the consensus estimate of $607.45 million. Research analysts predict that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

About The GEO Group

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.