Teacher Retirement System of Texas Makes New Investment in The GEO Group, Inc. (NYSE:GEO)

Teacher Retirement System of Texas bought a new stake in The GEO Group, Inc. (NYSE:GEO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 113,551 shares of the real estate investment trust's stock, valued at approximately $3,177,000. Teacher Retirement System of Texas owned 0.08% of The GEO Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GEO. Intech Investment Management LLC purchased a new stake in The GEO Group during the 3rd quarter worth approximately $1,279,000. Quantbot Technologies LP grew its position in shares of The GEO Group by 1,873.3% during the third quarter. Quantbot Technologies LP now owns 69,953 shares of the real estate investment trust's stock worth $899,000 after buying an additional 66,408 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of The GEO Group by 20.7% in the third quarter. BNP Paribas Financial Markets now owns 273,724 shares of the real estate investment trust's stock worth $3,517,000 after buying an additional 46,905 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in The GEO Group by 53.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,986 shares of the real estate investment trust's stock valued at $2,737,000 after acquiring an additional 74,430 shares in the last quarter. Finally, Kore Advisors LP boosted its stake in The GEO Group by 8.8% during the 3rd quarter. Kore Advisors LP now owns 555,950 shares of the real estate investment trust's stock valued at $7,144,000 after acquiring an additional 44,800 shares during the last quarter. Hedge funds and other institutional investors own 76.10% of the company's stock.

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The GEO Group Stock Performance

Shares of NYSE:GEO traded down $1.10 during trading on Friday, hitting $29.30. 2,695,253 shares of the company traded hands, compared to its average volume of 2,762,226. 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 business's fifty day moving average is $28.21 and its 200-day moving average is $24.24. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 101.03, a PEG ratio of 2.11 and a beta of 0.91. The GEO Group, Inc. has a one year low of $11.75 and a one year high of $36.46.

The GEO Group (NYSE:GEO - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.08). The company had revenue of $607.72 million for the quarter, compared to the consensus estimate of $607.45 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. As a group, equities analysts predict that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. UBS Group set a $35.00 target price on shares of The GEO Group in a research report on Monday, March 24th. StockNews.com lowered The GEO Group from a "hold" rating to a "sell" rating in a report on Thursday, March 20th. Wedbush reaffirmed an "outperform" rating and set a $46.00 target price on shares of The GEO Group in a report on Tuesday, March 18th. Jones Trading reiterated a "buy" rating and issued a $55.00 price target on shares of The GEO Group in a report on Friday, March 21st. Finally, Noble Financial reissued an "outperform" rating on shares of The GEO Group in a research report on Monday, March 24th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $41.00.

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.