Grantham Mayo Van Otterloo & Co. LLC lessened its stake in The GEO Group, Inc. (NYSE:GEO - Free Report) by 44.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,539 shares of the real estate investment trust's stock after selling 10,840 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in The GEO Group were worth $379,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its position in 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 valued at $24,050,000 after acquiring an additional 411,565 shares in the last quarter. GAMMA Investing LLC increased its position in shares of The GEO Group by 18.6% in the fourth quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust's stock valued at $228,000 after acquiring an additional 1,281 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in The GEO Group by 53.7% during the third 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 worth $2,737,000 after acquiring an additional 74,430 shares in the last quarter. Centiva Capital LP acquired a new position in The GEO Group during the third quarter valued at approximately $289,000. Finally, Y Intercept Hong Kong Ltd grew its stake in The GEO Group by 206.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 47,377 shares of the real estate investment trust's stock valued at $609,000 after purchasing an additional 31,913 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors.
Insider Activity
In related news, EVP Shayn P. March sold 7,500 shares of the business's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $30.00, for a total transaction of $225,000.00. Following the sale, the executive vice president now owns 67,469 shares in the company, valued at $2,024,070. The trade was a 10.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.30% of the stock is owned by corporate insiders.
The GEO Group Price Performance
GEO stock traded up $0.84 during mid-day trading on Monday, hitting $29.85. The stock had a trading volume of 651,989 shares, compared to its average volume of 2,994,387. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $4.21 billion, a P/E ratio of 102.93, a P/E/G ratio of 2.11 and a beta of 0.78. The firm has a fifty day simple moving average of $27.26 and a 200 day simple moving average of $25.55. The GEO Group, Inc. has a 52 week low of $11.75 and a 52 week high of $36.46.
The GEO Group (NYSE:GEO - Get Free Report) last issued its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The business had revenue of $607.72 million for the quarter, compared to analyst estimates of $607.45 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. As a group, research analysts forecast that The GEO Group, Inc. will post 0.83 EPS for the current year.
Analysts Set New Price Targets
GEO has been the topic of several recent analyst reports. Jones Trading restated a "buy" rating and set a $55.00 price objective on shares of The GEO Group in a research note on Friday, March 21st. StockNews.com cut The GEO Group from a "hold" rating to a "sell" rating in a research note on Tuesday, April 1st. Noble Financial reaffirmed an "outperform" rating on shares of The GEO Group in a research report on Monday, March 24th. Wedbush reiterated an "outperform" rating and set a $46.00 price objective on shares of The GEO Group in a research report on Tuesday, March 18th. Finally, UBS Group set a $35.00 target price on shares of The GEO Group in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, The GEO Group presently has a consensus rating of "Moderate Buy" and an average price target of $41.00.
Check Out Our Latest Stock Analysis on The GEO Group
About The GEO Group
(
Free Report)
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.
Featured Articles
Before you consider The GEO Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The GEO Group wasn't on the list.
While The GEO Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
