Natixis Advisors 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,335 shares of the real estate investment trust's stock, valued at approximately $569,000.
Other large investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of The GEO Group in the 3rd quarter valued at $25,000. SRS Capital Advisors Inc. boosted its position in The GEO Group by 160.0% in 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 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. Morse Asset Management Inc acquired a new stake in shares of The GEO Group during the third quarter worth approximately $67,000. Finally, Quarry LP acquired a new stake in shares of The GEO Group during the third quarter worth approximately $77,000. 76.10% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
GEO has been the topic of a number of recent research reports. Noble Financial reiterated an "outperform" rating on shares of The GEO Group in a research report on Monday, March 24th. UBS Group set a $35.00 target price on shares of The GEO Group in a research report on Monday, March 24th. Wedbush reissued an "outperform" rating and set a $46.00 price target on shares of The GEO Group in a research note on Tuesday, March 18th. Jones Trading reiterated a "buy" rating and set a $55.00 target price on shares of The GEO Group in a research report on Friday, March 21st. Finally, StockNews.com lowered The GEO Group from a "hold" rating to a "sell" rating in a research report on Thursday, March 20th. 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 company currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.
View Our Latest Analysis on The GEO Group
Insider Buying and Selling
In related news, EVP Shayn P. March sold 7,500 shares of the company'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 completion of the transaction, the executive vice president now directly owns 67,469 shares of the company's stock, valued at approximately $2,024,070. This represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.30% of the stock is owned by company insiders.
The GEO Group Trading Down 0.1 %
NYSE:GEO traded down $0.03 during trading hours on Monday, hitting $29.28. The stock had a trading volume of 2,272,738 shares, compared to its average volume of 2,760,277. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.10. The GEO Group, Inc. has a one year low of $11.75 and a one year high of $36.46. The business's 50 day moving average is $28.08 and its 200-day moving average is $24.44. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 100.98, a P/E/G ratio of 2.11 and a beta of 0.91.
The GEO Group (NYSE:GEO - Get Free Report) last posted its earnings results 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 business had revenue of $607.72 million during the quarter, compared to analyst estimates of $607.45 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. Sell-side analysts anticipate that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.
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.
Further Reading
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
