Diametric Capital LP Invests $941,000 in The GEO Group, Inc. (NYSE:GEO)

Diametric Capital LP bought 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 disclosure with the Securities and Exchange Commission. The institutional investor bought 33,618 shares of the real estate investment trust's stock, valued at approximately $941,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of The GEO Group during the 3rd quarter valued at $25,000. SRS Capital Advisors Inc. boosted its stake in The GEO Group by 160.0% during 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 buying an additional 720 shares during the period. Smartleaf Asset Management LLC grew its position in The GEO Group by 149.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust's stock worth $42,000 after buying an additional 915 shares in the last quarter. Morse Asset Management Inc bought a new position in The GEO Group in the 3rd quarter worth about $67,000. Finally, Quarry LP purchased a new stake in shares of The GEO Group in the 3rd quarter valued at about $77,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

The GEO Group Trading Down 7.0 %

Shares of GEO stock traded down $2.04 on Friday, hitting $27.00. 4,246,929 shares of the company's stock traded hands, compared to its average volume of 2,764,980. The stock has a market capitalization 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's fifty day simple moving average is $27.68 and its 200 day simple moving average is $24.80. The GEO Group, Inc. has a one year low of $11.75 and a one year high of $36.46. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.10.

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The GEO Group (NYSE:GEO - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $607.72 million for the quarter, compared to the consensus estimate of $607.45 million. Equities analysts forecast that The GEO Group, Inc. will post 0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GEO. StockNews.com lowered The GEO Group from a "hold" rating to a "sell" rating in a report on Tuesday. UBS Group set a $35.00 price target on shares of The GEO Group in a report on Monday, March 24th. Jones Trading restated a "buy" rating and set a $55.00 price objective on shares of The GEO Group in a research report on Friday, March 21st. Noble Financial reiterated an "outperform" rating on shares of The GEO Group in a research report on Monday, March 24th. Finally, Wedbush restated an "outperform" rating and set a $46.00 price target on shares of The GEO Group in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $41.00.

Insider Transactions at The GEO Group

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $30.00, for a total value of $225,000.00. Following the sale, the executive vice president now owns 67,469 shares of the company's stock, valued at $2,024,070. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.30% of the company's stock.

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.