New Age Alpha Advisors LLC Purchases New Position in The GEO Group, Inc. (NYSE:GEO)

New Age Alpha Advisors LLC purchased 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 13F filing with the Securities and Exchange Commission. The firm purchased 21,077 shares of the real estate investment trust's stock, valued at approximately $590,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp increased its position in The GEO Group by 1.4% during the third quarter. State Street Corp now owns 4,919,298 shares of the real estate investment trust's stock worth $63,213,000 after buying an additional 66,658 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of The GEO Group by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,016,103 shares of the real estate investment trust's stock valued at $38,765,000 after acquiring an additional 97,452 shares during the last quarter. Philosophy Capital Management LLC increased its holdings in shares of The GEO Group by 17.1% during the 3rd quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust's stock valued at $21,125,000 after acquiring an additional 240,251 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of The GEO Group by 5.8% in the 4th quarter. Allianz Asset Management GmbH now owns 1,491,209 shares of the real estate investment trust's stock valued at $41,724,000 after acquiring an additional 82,341 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings 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 worth $24,050,000 after purchasing an additional 411,565 shares during the last quarter. Institutional investors own 76.10% of the company's stock.

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Insider Activity

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of The GEO Group stock in a transaction that occurred 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 directly owns 67,469 shares of the company's stock, valued at approximately $2,024,070. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Jones Trading reiterated a "buy" rating and set a $55.00 price target on shares of The GEO Group in a report on Friday, March 21st. Wedbush reiterated an "outperform" rating and issued a $46.00 target price on shares of The GEO Group in a research note on Tuesday, March 18th. UBS Group set a $35.00 target price on shares of The GEO Group in a research report on Monday, March 24th. Noble Financial restated an "outperform" rating on shares of The GEO Group in a report on Monday, March 24th. Finally, StockNews.com lowered The GEO Group from a "hold" rating to a "sell" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, The GEO Group currently has a consensus rating of "Moderate Buy" and an average price target of $41.00.

The GEO Group Stock Performance

The GEO Group stock traded down $2.04 during mid-day trading on Friday, reaching $27.00. The company had a trading volume of 4,246,929 shares, compared to its average volume of 2,764,980. 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 $3.81 billion, a price-to-earnings ratio of 93.11, a PEG ratio of 2.11 and a beta of 0.78. The company has a 50 day moving average of $27.68 and a 200-day moving average of $24.80. 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 released its earnings results 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 GEO Group had a net margin of 2.00% and a return on equity of 9.20%. The company had revenue of $607.72 million during the quarter, compared to the consensus estimate of $607.45 million. On average, sell-side analysts expect that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

The GEO Group Company 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.