Caprock Group LLC Makes New Investment in The GEO Group, Inc. (NYSE:GEO)

Caprock Group LLC acquired a new position in The GEO Group, Inc. (NYSE:GEO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,000 shares of the real estate investment trust's stock, valued at approximately $560,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP bought a new position in shares of The GEO Group in the second quarter worth approximately $1,314,000. Marshall Wace LLP bought a new position in shares of The GEO Group in the second quarter worth approximately $234,000. AQR Capital Management LLC boosted its position in shares of The GEO Group by 16.6% in the second quarter. AQR Capital Management LLC now owns 23,177 shares of the real estate investment trust's stock worth $333,000 after purchasing an additional 3,295 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of The GEO Group by 18.0% in the second quarter. The Manufacturers Life Insurance Company now owns 70,702 shares of the real estate investment trust's stock worth $1,015,000 after purchasing an additional 10,792 shares during the period. Finally, Algert Global LLC bought a new position in shares of The GEO Group in the second quarter worth approximately $184,000. Hedge funds and other institutional investors own 76.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GEO shares. Wedbush reiterated an "outperform" rating on shares of The GEO Group in a research report on Tuesday, December 17th. Noble Financial lowered shares of The GEO Group from an "outperform" rating to a "market perform" rating in a research report on Monday, November 11th. Finally, Northland Securities upped their target price on shares of The GEO Group from $16.00 to $37.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th.

The GEO Group Price Performance

The GEO Group stock traded down $0.64 during mid-day trading on Friday, reaching $26.88. 2,231,599 shares of the company's stock traded hands, compared to its average volume of 3,104,861. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 92.68, a PEG ratio of 2.17 and a beta of 0.87. The stock has a 50 day moving average of $29.67 and a two-hundred day moving average of $20.97. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The GEO Group, Inc. has a 12-month low of $11.01 and a 12-month high of $36.46.

The GEO Group (NYSE:GEO - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.03). The business had revenue of $603.13 million for the quarter, compared to analysts' expectations of $611.69 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. During the same period in the previous year, the company earned $0.19 EPS. Equities analysts forecast that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

The GEO Group 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.