Kirkoswald Asset Management LLC Purchases Shares of 180,000 The GEO Group, Inc. (NYSE:GEO)

Kirkoswald Asset Management LLC acquired a new stake in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 180,000 shares of the real estate investment trust's stock, valued at approximately $5,036,000. The GEO Group accounts for about 5.8% of Kirkoswald Asset Management LLC's investment portfolio, making the stock its 5th largest position. Kirkoswald Asset Management LLC owned approximately 0.13% of The GEO Group as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in The GEO Group during the 3rd quarter valued at approximately $25,000. SRS Capital Advisors Inc. grew its position in shares of 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 worth $33,000 after buying an additional 720 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of 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 worth $42,000 after buying an additional 915 shares during the last quarter. Morse Asset Management Inc acquired a new stake in The GEO Group in the third quarter valued at $67,000. Finally, Quarry LP bought a new position in The GEO Group during the 3rd quarter valued at $77,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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The GEO Group Stock Performance

NYSE GEO traded down $0.33 during trading hours on Tuesday, hitting $28.79. The company had a trading volume of 396,274 shares, compared to its average volume of 2,685,343. 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 firm has a market cap of $4.04 billion, a P/E ratio of 99.25, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The GEO Group, Inc. has a fifty-two week low of $11.75 and a fifty-two week high of $36.46. The business has a fifty day simple moving average of $28.54 and a 200-day simple moving average of $23.86.

The GEO Group (NYSE:GEO - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $607.72 million during 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%. Equities analysts predict that The GEO Group, Inc. will post 0.83 EPS for the current year.

About The GEO Group

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.