Illinois Municipal Retirement Fund Has $2.09 Million Stake in The GEO Group, Inc. (NYSE:GEO)

Illinois Municipal Retirement Fund lowered its holdings in The GEO Group, Inc. (NYSE:GEO) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,536 shares of the real estate investment trust’s stock after selling 1,840 shares during the period. Illinois Municipal Retirement Fund’s holdings in The GEO Group were worth $2,086,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GEO. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of The GEO Group in the third quarter valued at approximately $25,000. Morse Asset Management Inc acquired a new position in The GEO Group in the 3rd quarter valued at $67,000. Quarry LP bought a new stake in shares of The GEO Group during the 3rd quarter valued at $77,000. Rothschild Investment LLC grew its holdings in shares of The GEO Group by 6,800.0% during the 4th quarter. Rothschild Investment LLC now owns 4,140 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 4,080 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of The GEO Group during the 3rd quarter worth $141,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GEO. Wedbush reaffirmed an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th. Noble Financial downgraded shares of The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Finally, Northland Securities increased their price target on shares of The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

The GEO Group Price Performance

Shares of GEO stock opened at $27.37 on Friday. The business has a fifty day simple moving average of $29.42 and a 200 day simple moving average of $22.29. The company has a market cap of $3.83 billion, a P/E ratio of 94.37, a P/E/G ratio of 2.11 and a beta of 0.87. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The GEO Group, Inc. has a twelve month low of $11.50 and a twelve month high of $36.46.

The GEO Group (NYSE:GEO) last posted its 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 company had revenue of $607.72 million during the quarter, compared to the consensus estimate of $607.45 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. On average, sell-side analysts forecast that The GEO Group, Inc. will post 0.83 EPS for the current fiscal 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.