New Age Alpha Advisors LLC Acquires Shares of 21,077 The GEO Group, Inc. (NYSE:GEO)

New Age Alpha Advisors LLC bought a new position in shares of The GEO Group, Inc. (NYSE:GEO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 21,077 shares of the real estate investment trust’s stock, valued at approximately $590,000.

A number of other hedge funds have also modified their holdings of GEO. State Street Corp grew its stake in The GEO Group by 1.4% during 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 acquiring an additional 66,658 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of The GEO Group by 3.3% during the 3rd 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 during the last quarter. Philosophy Capital Management LLC grew its position in shares of 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 purchasing an additional 240,251 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of The GEO Group by 5.8% in the fourth quarter. Allianz Asset Management GmbH now owns 1,491,209 shares of the real estate investment trust’s stock valued at $41,724,000 after purchasing an additional 82,341 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in The GEO Group by 91.9% during the fourth 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. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

The GEO Group Stock Down 0.1 %

Shares of GEO opened at $29.28 on Tuesday. 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 firm has a market cap of $4.13 billion, a P/E ratio of 100.98, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The company’s 50-day moving average price is $28.08 and its 200 day moving average price is $24.44. The GEO Group, Inc. has a 12-month low of $11.75 and a 12-month high of $36.46.

The GEO Group (NYSE:GEO) last released 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 company had revenue of $607.72 million during the quarter, compared to analysts’ expectations of $607.45 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. On average, sell-side analysts forecast that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

Insiders Place Their Bets

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 value of $225,000.00. Following the sale, the executive vice president now owns 67,469 shares in the company, valued at approximately $2,024,070. The trade was a 10.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.30% of the stock is owned by insiders.

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.