9,040 Shares in The GEO Group, Inc. (NYSE:GEO) Bought by Sei Investments Co.

Sei Investments Co. purchased a new position in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,040 shares of the real estate investment trust's stock, valued at approximately $253,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SRS Capital Advisors Inc. boosted its stake 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 worth $33,000 after buying 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 4th 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 during the period. Morse Asset Management Inc acquired a new stake in The GEO Group in the 3rd quarter valued at approximately $67,000. Jones Financial Companies Lllp raised its position in The GEO Group by 182.6% in the fourth quarter. Jones Financial Companies Lllp now owns 3,148 shares of the real estate investment trust's stock valued at $88,000 after purchasing an additional 2,034 shares during the period. Finally, Rothschild Investment LLC raised its position in The GEO Group by 6,800.0% in the fourth quarter. Rothschild Investment LLC now owns 4,140 shares of the real estate investment trust's stock valued at $116,000 after purchasing an additional 4,080 shares during the period. 76.10% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of brokerages have recently weighed in on GEO. Noble Financial reaffirmed an "outperform" rating on shares of The GEO Group in a research note on Monday, March 24th. Jones Trading reaffirmed a "buy" rating and issued a $55.00 target price on shares of The GEO Group in a research report on Friday, March 21st. Wedbush reissued an "outperform" rating and set a $46.00 price target on shares of The GEO Group in a research report on Tuesday, March 18th. UBS Group set a $35.00 target price on shares of The GEO Group in a research note on Monday, March 24th. Finally, StockNews.com cut shares of The GEO Group from a "hold" rating to a "sell" rating in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

Insider Buying and Selling at The GEO Group

In other news, EVP Shayn P. March sold 7,500 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $30.00, for a total transaction of $225,000.00. Following the sale, the executive vice president now owns 67,469 shares of the company's stock, valued at approximately $2,024,070. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.30% of the stock is owned by insiders.

The GEO Group Stock Up 1.9 %

Shares of GEO stock traded up $0.56 during trading hours on Tuesday, reaching $30.22. 2,414,398 shares of the stock were exchanged, compared to its average volume of 2,786,612. The GEO Group, Inc. has a 12-month low of $11.75 and a 12-month high of $36.46. The business's fifty day moving average is $27.29 and its two-hundred day moving average is $25.67. 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 firm has a market capitalization of $4.26 billion, a P/E ratio of 104.21, a P/E/G ratio of 2.11 and a beta of 0.78.

The GEO Group (NYSE:GEO - Get Free Report) 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 analysts' consensus estimates 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%. As a group, research analysts expect that The GEO Group, Inc. will post 0.83 EPS 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.