Harvest Fund Management Co. Ltd bought a new position in The GEO Group, Inc. (NYSE:GEO - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 9,419 shares of the real estate investment trust's stock, valued at approximately $264,000.
Several other institutional investors and hedge funds have also recently modified their holdings of GEO. SRS Capital Advisors Inc. raised its stake in The GEO Group by 160.0% in 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 in the last quarter. Smartleaf Asset Management LLC grew its holdings 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 acquiring an additional 915 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of The GEO Group in the 3rd quarter worth approximately $25,000. Jones Financial Companies Lllp lifted its stake 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 purchasing an additional 2,034 shares during the period. Finally, Rothschild Investment LLC boosted its position in shares of The GEO Group by 6,800.0% during 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 in the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.
The GEO Group Stock Up 2.1 %
GEO traded up $0.62 during trading on Wednesday, hitting $29.65. 2,940,115 shares of the company's stock traded hands, compared to its average volume of 2,681,746. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 102.23, a PEG ratio of 2.11 and a beta of 0.91. The company's 50 day simple moving average is $28.49 and its two-hundred day simple moving average is $23.97. The GEO Group, Inc. has a 12-month low of $11.75 and a 12-month high of $36.46. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25.
The GEO Group (NYSE:GEO - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $607.45 million. Analysts predict that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.
Analysts Set New Price Targets
GEO has been the subject of several recent research reports. Wedbush reissued an "outperform" rating and set a $46.00 price objective on shares of The GEO Group in a research report on Tuesday, March 18th. StockNews.com cut The GEO Group from a "hold" rating to a "sell" rating in a research report on Thursday, March 20th. Jones Trading reiterated a "buy" rating and set a $55.00 price objective on shares of The GEO Group in a research note on Friday, March 21st. Noble Financial reissued an "outperform" rating on shares of The GEO Group in a report on Monday. Finally, UBS Group set a $35.00 price target on The GEO Group in a report on Monday. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.
Read Our Latest Stock Report 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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