Proficio Capital Partners LLC acquired a new stake in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,192 shares of the real estate investment trust's stock, valued at approximately $313,000.
Other large investors have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in The GEO Group during the 3rd quarter valued at about $25,000. SRS Capital Advisors Inc. lifted 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 purchasing an additional 720 shares during the last quarter. Smartleaf Asset Management LLC boosted 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 valued at $42,000 after purchasing an additional 915 shares during the period. Morse Asset Management Inc bought a new position in shares of The GEO Group in the third quarter worth approximately $67,000. Finally, Quarry LP purchased a new position in shares of The GEO Group in the third quarter worth $77,000. Hedge funds and other institutional investors own 76.10% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have weighed in on GEO shares. UBS Group set a $35.00 price target on shares of The GEO Group in a research report on Monday, March 24th. Noble Financial reiterated an "outperform" rating on shares of The GEO Group in a report on Monday, March 24th. Wedbush reissued an "outperform" rating and issued a $46.00 target price on shares of The GEO Group in a research note on Tuesday, March 18th. 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. Finally, StockNews.com cut 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 issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.
Check Out Our Latest Stock Report on The GEO Group
The GEO Group Trading Down 3.6 %
GEO stock traded down $1.10 during trading on Friday, reaching $29.30. The company had a trading volume of 2,695,253 shares, compared to its average volume of 2,762,226. 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, Inc. has a 52 week low of $11.75 and a 52 week high of $36.46. The business has a 50 day moving average of $28.21 and a 200 day moving average of $24.24. The company has a market cap of $4.11 billion, a P/E ratio of 101.03, a PEG ratio of 2.11 and a beta of 0.91.
The GEO Group (NYSE:GEO - Get Free Report) last announced its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. The firm had revenue of $607.72 million during the quarter, compared to the consensus estimate of $607.45 million. As a group, sell-side analysts forecast that The GEO Group, Inc. will post 0.83 earnings per share 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.
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