Counterpoint Mutual Funds LLC bought a new stake in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 16,147 shares of the real estate investment trust's stock, valued at approximately $452,000.
A number of other large investors also recently made changes to their positions in the stock. SRS Capital Advisors Inc. grew its holdings in The GEO Group by 160.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 720 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of The GEO Group by 149.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 915 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of The GEO Group in the 3rd quarter valued at $25,000. Jones Financial Companies Lllp increased its position in shares of The GEO Group by 182.6% in the 4th quarter. Jones Financial Companies Lllp now owns 3,148 shares of the real estate investment trust's stock valued at $88,000 after buying an additional 2,034 shares in the last quarter. Finally, Rothschild Investment LLC raised its stake in 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 buying an additional 4,080 shares during the period. Institutional investors and hedge funds own 76.10% of the company's stock.
Analyst Ratings Changes
A number of research firms have issued reports on GEO. Wedbush reissued an "outperform" rating and issued a $46.00 target price on shares of The GEO Group in a research note on Tuesday. StockNews.com lowered The GEO Group from a "hold" rating to a "sell" rating in a research report on Thursday. Noble Financial upgraded shares of The GEO Group from a "market perform" rating to an "outperform" rating and set a $32.00 target price on the stock in a report on Wednesday, March 5th. Jones Trading reaffirmed a "buy" rating and issued a $55.00 price target on shares of The GEO Group in a research note on Friday. Finally, UBS Group set a $32.00 price objective on shares of The GEO Group in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $40.40.
Check Out Our Latest Analysis on The GEO Group
The GEO Group Stock Down 2.9 %
NYSE:GEO traded down $0.84 during trading hours on Friday, reaching $28.24. 4,345,927 shares of the stock were exchanged, compared to its average volume of 2,701,238. The stock has a market cap of $3.96 billion, a PE ratio of 97.37, a PEG ratio of 2.11 and a beta of 0.91. The GEO Group, Inc. has a twelve month low of $11.75 and a twelve month high of $36.46. The firm has a 50 day moving average of $28.63 and a 200 day moving average of $23.50. 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 - Get Free Report) last released its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share 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 business had revenue of $607.72 million during the quarter, compared to the consensus estimate of $607.45 million. On average, equities analysts expect that The GEO Group, Inc. will post 0.83 earnings per share for the current year.
The GEO Group Company Profile
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Free Report)
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.
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