Raymond James Financial Inc. Makes New $2.99 Million Investment in The GEO Group, Inc. (NYSE:GEO)

Raymond James Financial Inc. purchased a new position in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 107,003 shares of the real estate investment trust's stock, valued at approximately $2,994,000. Raymond James Financial Inc. owned about 0.08% of The GEO Group at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of GEO. Nisa Investment Advisors LLC lifted its stake in The GEO Group by 91.9% in 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 purchasing an additional 411,565 shares in the last quarter. BNP Paribas Financial Markets lifted its position in The GEO Group by 20.7% during the third quarter. BNP Paribas Financial Markets now owns 273,724 shares of the real estate investment trust's stock worth $3,517,000 after buying an additional 46,905 shares in the last quarter. GAMMA Investing LLC boosted its stake in The GEO Group by 18.6% during the fourth quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust's stock worth $228,000 after buying an additional 1,281 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in The GEO Group by 53.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,986 shares of the real estate investment trust's stock worth $2,737,000 after buying an additional 74,430 shares during the last quarter. Finally, Kore Advisors LP grew its holdings in The GEO Group by 8.8% in the 3rd quarter. Kore Advisors LP now owns 555,950 shares of the real estate investment trust's stock valued at $7,144,000 after buying an additional 44,800 shares in the last quarter. Hedge funds and other institutional investors own 76.10% of the company's stock.

Remove Ads

Analysts Set New Price Targets

GEO has been the topic of several analyst reports. Wedbush reiterated an "outperform" rating and set a $46.00 price target on shares of The GEO Group in a report on Tuesday, March 18th. StockNews.com downgraded shares of The GEO Group from a "hold" rating to a "sell" rating in a research note on Thursday, March 20th. Noble Financial restated an "outperform" rating on shares of The GEO Group in a report on Monday, March 24th. Jones Trading reaffirmed a "buy" rating and set a $55.00 price target on shares of The GEO Group in a research report on Friday, March 21st. Finally, UBS Group set a $35.00 target price on The GEO Group in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $41.00.

The GEO Group Trading Down 0.1 %

Shares of The GEO Group stock traded down $0.03 on Monday, reaching $29.28. The company had a trading volume of 2,272,623 shares, compared to its average volume of 2,760,276. The firm's 50 day moving average price is $28.21 and its two-hundred day moving average price is $24.32. 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 GEO Group, Inc. has a 52-week low of $11.75 and a 52-week high of $36.46. The firm has a market cap of $4.13 billion, a PE ratio of 100.98, a PEG ratio of 2.11 and a beta of 0.91.

The GEO Group (NYSE:GEO - Get Free Report) last announced its 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 net margin of 2.00% and a return on equity of 9.20%. The firm had revenue of $607.72 million during the quarter, compared to analysts' expectations of $607.45 million. Sell-side analysts predict that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.

The GEO Group Company 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.