Harvest Fund Management Co. Ltd purchased a new position in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,419 shares of the real estate investment trust's stock, valued at approximately $264,000.
Several other large investors have also modified their holdings of the stock. Xponance Inc. acquired a new position in The GEO Group in the 4th quarter valued at $263,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of The GEO Group in the fourth quarter valued at about $452,000. Cibc World Markets Corp acquired a new position in shares of The GEO Group during the fourth quarter worth about $333,000. Natixis Advisors LLC purchased a new position in The GEO Group during the fourth quarter worth about $569,000. Finally, Swiss National Bank lifted its position in The GEO Group by 3.2% in the fourth quarter. Swiss National Bank now owns 274,600 shares of the real estate investment trust's stock valued at $7,683,000 after purchasing an additional 8,500 shares during the period. Hedge funds and other institutional investors own 76.10% of the company's stock.
The GEO Group Price Performance
The GEO Group stock traded down $0.13 during trading hours on Tuesday, hitting $28.99. The stock had a trading volume of 1,492,092 shares, compared to its average volume of 2,680,993. The GEO Group, Inc. has a 1-year low of $11.75 and a 1-year high of $36.46. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 99.97, a PEG ratio of 2.11 and a beta of 0.91. The stock's fifty day moving average is $28.49 and its two-hundred day moving average is $23.97. 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 issued its quarterly earnings data 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 business 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, analysts predict that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on GEO shares. UBS Group set a $32.00 target price on The GEO Group in a research report on Wednesday, March 5th. StockNews.com lowered The GEO Group from a "hold" rating to a "sell" rating in a report on Thursday, March 20th. Jones Trading reissued a "buy" rating and issued a $55.00 target price on shares of The GEO Group in a report on Friday. Wedbush reaffirmed an "outperform" rating and set a $46.00 price target on shares of The GEO Group in a research note on Tuesday, March 18th. Finally, Noble Financial upgraded shares of The GEO Group from a "market perform" rating to an "outperform" rating and set a $32.00 price target for the company in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $40.40.
Read Our Latest Analysis on The GEO Group
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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