Geode Capital Management LLC Has $85.40 Million Stock Position in The GEO Group, Inc. (NYSE:GEO)

Geode Capital Management LLC boosted its stake in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,051,384 shares of the real estate investment trust's stock after acquiring an additional 35,281 shares during the quarter. Geode Capital Management LLC owned 2.18% of The GEO Group worth $85,398,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. SRS Capital Advisors Inc. increased its position in shares of The GEO Group by 160.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 720 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in The GEO Group by 149.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 915 shares in the last quarter. Jones Financial Companies Lllp grew its stake in The GEO Group by 182.6% during the fourth quarter. Jones Financial Companies Lllp now owns 3,148 shares of the real estate investment trust's stock worth $88,000 after buying an additional 2,034 shares during the last quarter. Rothschild Investment LLC increased its holdings in shares of The GEO Group by 6,800.0% during the fourth quarter. Rothschild Investment LLC now owns 4,140 shares of the real estate investment trust's stock worth $116,000 after buying an additional 4,080 shares in the last quarter. Finally, Morse Asset Management Inc bought a new position in shares of The GEO Group in the third quarter valued at approximately $67,000. 76.10% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GEO shares. Jones Trading reaffirmed a "buy" rating and set a $55.00 price target on shares of The GEO Group in a report on Friday, March 21st. UBS Group set a $35.00 target price on The GEO Group in a research note on Monday, March 24th. StockNews.com downgraded shares of The GEO Group from a "hold" rating to a "sell" rating in a research report on Tuesday, April 1st. Noble Financial restated an "outperform" rating on shares of The GEO Group in a research report on Monday, March 24th. Finally, Wedbush reiterated an "outperform" rating and set a $46.00 target price on shares of The GEO Group in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $41.00.

The GEO Group Trading Up 0.5 %

GEO stock traded up $0.14 during midday trading on Tuesday, reaching $29.80. The stock had a trading volume of 1,171,754 shares, compared to its average volume of 2,781,888. 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 twelve month low of $11.75 and a twelve month high of $36.46. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 102.76, a PEG ratio of 2.11 and a beta of 0.78. The business has a fifty day simple moving average of $27.29 and a two-hundred day simple moving average of $25.67.

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 for the quarter, missing analysts' consensus estimates 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 business had revenue of $607.72 million for the quarter, compared to the consensus estimate of $607.45 million. As a group, research analysts expect that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Insider Transactions at The GEO Group

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $30.00, for a total value of $225,000.00. Following 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 filing with the SEC, which can be accessed through the SEC website. 5.30% of the stock is owned by corporate insiders.

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.