Cibc World Markets Corp Acquires New Shares in The GEO Group, Inc. (NYSE:GEO)

Cibc World Markets Corp acquired a new position in shares of 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 11,912 shares of the real estate investment trust's stock, valued at approximately $333,000.

Several other institutional investors have also modified their holdings of the stock. Intech Investment Management LLC acquired a new stake in The GEO Group during the 3rd quarter worth $1,279,000. Nisa Investment Advisors LLC grew its holdings in shares of The GEO Group by 91.9% during the fourth 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 during the last quarter. BNP Paribas Financial Markets increased its position in shares of The GEO Group by 20.7% during the third quarter. BNP Paribas Financial Markets now owns 273,724 shares of the real estate investment trust's stock worth $3,517,000 after purchasing an additional 46,905 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of The GEO Group by 18.6% in the 4th quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust's stock valued at $228,000 after purchasing an additional 1,281 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of The GEO Group by 53.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,986 shares of the real estate investment trust's stock valued at $2,737,000 after purchasing an additional 74,430 shares during the period. Hedge funds and other institutional investors own 76.10% of the company's stock.

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The GEO Group Stock Performance

The GEO Group stock traded down $0.13 during trading hours on Tuesday, reaching $28.99. 1,492,092 shares of the stock were exchanged, compared to its average volume of 2,685,343. 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 $4.07 billion, a P/E ratio of 99.97, a P/E/G ratio of 2.11 and a beta of 0.91. 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 firm's 50 day moving average is $28.54 and its 200 day moving average is $23.86.

The GEO Group (NYSE:GEO - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. The firm 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 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the company. StockNews.com lowered The GEO Group from a "hold" rating to a "sell" rating in a research report on Thursday, March 20th. Noble Financial raised shares of The GEO Group from a "market perform" rating to an "outperform" rating and set a $32.00 target price on the stock in a report on Wednesday, March 5th. Jones Trading reiterated a "buy" rating and set a $55.00 price target on shares of The GEO Group in a research note on Friday. UBS Group set a $32.00 price objective on shares of The GEO Group in a research note on Wednesday, March 5th. Finally, Wedbush reiterated an "outperform" rating and set a $46.00 target price on shares of The GEO Group in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $40.40.

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.