Kirkoswald Asset Management LLC bought a new stake in The GEO Group, Inc. (NYSE:GEO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 180,000 shares of the real estate investment trust's stock, valued at approximately $5,036,000. The GEO Group comprises 5.8% of Kirkoswald Asset Management LLC's portfolio, making the stock its 5th largest position. Kirkoswald Asset Management LLC owned about 0.13% of The GEO Group at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. grew its holdings 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 valued at $33,000 after purchasing an additional 720 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of The GEO Group during the third quarter worth $25,000. Jones Financial Companies Lllp increased its holdings in shares of 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 in the last quarter. Finally, Rothschild Investment LLC lifted its stake in shares of The GEO Group by 6,800.0% in the 4th quarter. Rothschild Investment LLC now owns 4,140 shares of the real estate investment trust's stock valued at $116,000 after acquiring an additional 4,080 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company's stock.
The GEO Group Trading Up 2.1 %
GEO stock traded up $0.62 during trading on Wednesday, hitting $29.65. The company had a trading volume of 2,940,115 shares, compared to its average volume of 2,683,095. 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 GEO Group, Inc. has a one year low of $11.75 and a one year high of $36.46. The business has a 50-day moving average of $28.40 and a 200-day moving average of $24.01. The stock has a market cap of $4.16 billion, a PE ratio of 102.23, a PEG ratio of 2.11 and a beta of 0.91.
The GEO Group (NYSE:GEO - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The firm 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%. Research analysts predict that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
GEO has been the subject of several research reports. StockNews.com downgraded The GEO Group from a "hold" rating to a "sell" rating in a research report 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. 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. UBS Group set a $35.00 price target on shares of The GEO Group in a research report on Monday. Finally, Noble Financial reiterated an "outperform" rating on shares of The GEO Group in a report on Monday. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.
Read Our Latest Stock Report on The GEO Group
The GEO Group Profile
(
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.
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