16,147 Shares in The GEO Group, Inc. (NYSE:GEO) Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC acquired a new position in shares of The GEO Group, Inc. (NYSE:GEO) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 16,147 shares of the real estate investment trust’s stock, valued at approximately $452,000.

Several other large investors have also recently added to or reduced their stakes in the stock. State Street Corp grew its position in shares of The GEO Group by 1.4% during the third quarter. State Street Corp now owns 4,919,298 shares of the real estate investment trust’s stock worth $63,213,000 after acquiring an additional 66,658 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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 valued at $38,765,000 after purchasing an additional 97,452 shares during the period. Philosophy Capital Management LLC grew its position in The GEO Group by 17.1% in the 3rd quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust’s stock worth $21,125,000 after purchasing an additional 240,251 shares during the last quarter. Allianz Asset Management GmbH increased its stake 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 period. Finally, Nisa Investment Advisors LLC increased its stake in shares of The GEO Group by 91.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust’s stock valued at $24,050,000 after purchasing an additional 411,565 shares during the period. 76.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on GEO. Noble Financial raised 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. UBS Group set a $32.00 price target on The GEO Group in a research note on Wednesday, March 5th. Finally, Wedbush restated an “outperform” rating on shares of The GEO Group in a research note on Tuesday, December 17th.

The GEO Group Stock Performance

GEO opened at $26.15 on Tuesday. The business has a 50 day moving average price of $28.77 and a two-hundred day moving average price of $23.34. 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 company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 90.17, 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 GEO Group (NYSE:GEO) last announced its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The firm had revenue of $607.72 million during the quarter, compared to analyst estimates of $607.45 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. Research analysts predict that The GEO Group, Inc. will post 0.83 EPS 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.