Nisa Investment Advisors LLC Purchases 411,565 Shares of The GEO Group, Inc. (NYSE:GEO)

Nisa Investment Advisors LLC lifted its holdings in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 91.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 859,528 shares of the real estate investment trust's stock after buying an additional 411,565 shares during the quarter. Nisa Investment Advisors LLC owned about 0.61% of The GEO Group worth $24,050,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GEO. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of The GEO Group in the 3rd quarter valued at about $25,000. Sound Income Strategies LLC grew its holdings in The GEO Group by 472.1% during the third quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 2,625 shares during the period. Morse Asset Management Inc bought a new stake in The GEO Group in the third quarter valued at approximately $67,000. Quarry LP acquired a new stake in The GEO Group in the third quarter worth $77,000. Finally, GAMMA Investing LLC boosted its position in shares of The GEO Group by 38.5% during the third quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust's stock worth $88,000 after purchasing an additional 1,910 shares in the last quarter. 76.10% of the stock is owned by institutional investors.

The GEO Group Stock Performance

The GEO Group stock traded down $0.84 during trading hours on Thursday, hitting $33.51. The company had a trading volume of 2,306,769 shares, compared to its average volume of 3,184,083. The GEO Group, Inc. has a one year low of $11.01 and a one year high of $36.46. The firm has a market cap of $4.69 billion, a PE ratio of 115.55, a PEG ratio of 2.75 and a beta of 0.87. The firm has a 50-day moving average of $29.08 and a 200 day moving average of $19.78. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10.

The GEO Group (NYSE:GEO - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.03). The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. The firm had revenue of $603.13 million during the quarter, compared to analyst estimates of $611.69 million. During the same period in the prior year, the company earned $0.19 earnings per share. On average, sell-side analysts expect that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Northland Securities raised their price objective on The GEO Group from $16.00 to $37.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Wedbush reaffirmed an "outperform" rating on shares of The GEO Group in a research report on Tuesday, December 17th. Finally, Noble Financial cut The GEO Group from an "outperform" rating to a "market perform" rating in a report on Monday, November 11th.

The GEO Group 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.