Cibc World Markets Corp Invests $333,000 in The GEO Group, Inc. (NYSE:GEO)

Cibc World Markets Corp bought a new stake in The GEO Group, Inc. (NYSE:GEO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,912 shares of the real estate investment trust's stock, valued at approximately $333,000.

Other hedge funds have also bought and sold shares of the company. Point72 Asset Management L.P. lifted its holdings in shares of The GEO Group by 363.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 702,107 shares of the real estate investment trust's stock worth $9,022,000 after acquiring an additional 968,601 shares during the last quarter. Hodges Capital Management Inc. lifted its stake in The GEO Group by 1,501.6% during the third quarter. Hodges Capital Management Inc. now owns 788,800 shares of the real estate investment trust's stock worth $10,136,000 after purchasing an additional 739,550 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of The GEO Group by 91.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust's stock worth $24,050,000 after purchasing an additional 411,565 shares in the last quarter. Philosophy Capital Management LLC increased its position in shares of The GEO Group by 17.1% during the 3rd quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust's stock valued at $21,125,000 after purchasing an additional 240,251 shares during the last quarter. Finally, Pinnbrook Capital Management LP purchased a new position in shares of The GEO Group during the 4th quarter valued at about $4,837,000. 76.10% of the stock is currently owned by institutional investors.

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The GEO Group Trading Down 3.6 %

The GEO Group stock traded down $1.10 during trading hours on Friday, reaching $29.30. The stock had a trading volume of 2,695,253 shares, compared to its average volume of 2,761,085. The company has a fifty day simple moving average of $28.33 and a 200-day simple moving average of $24.05. The GEO Group, Inc. has a 52 week low of $11.75 and a 52 week high of $36.46. The stock has a market cap of $4.11 billion, a PE ratio of 101.03, a PEG ratio of 2.11 and a beta of 0.91. 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 announced its quarterly 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 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 forecast that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Noble Financial reiterated an "outperform" rating on shares of The GEO Group in a research report on Monday. UBS Group set a $35.00 target price on shares of The GEO Group in a report on Monday. StockNews.com downgraded shares of The GEO Group from a "hold" rating to a "sell" rating in a research note on Thursday, March 20th. Jones Trading reiterated a "buy" rating and issued a $55.00 price objective on shares of The GEO Group in a report on Friday, March 21st. Finally, Wedbush reissued an "outperform" rating and issued a $46.00 target price on shares of The GEO Group in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $41.00.

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.