24,765 Shares in The GEO Group, Inc. (NYSE:GEO) Acquired by Cannell & Spears LLC

Cannell & Spears LLC bought a new stake in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 24,765 shares of the real estate investment trust's stock, valued at approximately $693,000.

A number of other hedge funds and other institutional investors have also modified their holdings of GEO. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of The GEO Group in the 3rd quarter valued at approximately $25,000. SRS Capital Advisors Inc. raised its holdings 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 valued at $33,000 after acquiring an additional 720 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in 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 valued at $42,000 after acquiring an additional 915 shares during the last quarter. Morse Asset Management Inc bought a new position in The GEO Group during the 3rd quarter valued at $67,000. Finally, Quarry LP acquired a new position in The GEO Group during the 3rd quarter worth $77,000. 76.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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The GEO Group Stock Performance

Shares of The GEO Group stock traded down $2.04 on Friday, reaching $27.00. 4,246,929 shares of the company were exchanged, compared to its average volume of 2,764,980. The GEO Group, Inc. has a 1-year low of $11.75 and a 1-year high of $36.46. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 93.11, a P/E/G ratio of 2.11 and a beta of 0.78. 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 company's 50-day moving average is $27.68 and its two-hundred day moving average is $24.80.

The GEO Group (NYSE:GEO - Get Free Report) last posted 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 company had revenue of $607.72 million during the quarter, compared to the consensus estimate 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 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Shayn P. March sold 7,500 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $30.00, for a total value of $225,000.00. Following the completion of the transaction, the executive vice president now owns 67,469 shares of the company's stock, valued at approximately $2,024,070. This represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 5.30% of the company's stock.

About The GEO Group

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.