The GEO Group, Inc. (NYSE:GEO) is Discovery Capital Management LLC CT's 8th Largest Position

Discovery Capital Management LLC CT increased its stake in The GEO Group, Inc. (NYSE:GEO - Free Report) by 375.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,839,500 shares of the real estate investment trust's stock after purchasing an additional 1,452,400 shares during the quarter. The GEO Group makes up approximately 3.6% of Discovery Capital Management LLC CT's portfolio, making the stock its 8th biggest holding. Discovery Capital Management LLC CT owned 1.32% of The GEO Group worth $51,469,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in The GEO Group during the third quarter valued at about $25,000. SRS Capital Advisors Inc. lifted its stake in shares of The GEO Group by 160.0% during the 4th 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 holdings in The GEO Group by 149.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust's stock worth $42,000 after buying an additional 915 shares during the period. Morse Asset Management Inc purchased a new position in The GEO Group in the 3rd quarter valued at approximately $67,000. Finally, Quarry LP bought a new stake in The GEO Group during the 3rd quarter valued at $77,000. Hedge funds and other institutional investors own 76.10% of the company's stock.

Analyst Ratings Changes

GEO has been the subject of a number of analyst reports. Jones Trading reaffirmed a "buy" rating and issued a $55.00 price target on shares of The GEO Group in a report on Friday, March 21st. Noble Financial restated an "outperform" rating on shares of The GEO Group in a research note on Monday, March 24th. UBS Group set a $35.00 price target on The GEO Group in a research report on Monday, March 24th. Wedbush restated an "outperform" rating and issued a $46.00 price objective on shares of The GEO Group in a research report on Tuesday, March 18th. Finally, StockNews.com cut shares of The GEO Group from a "hold" rating to a "sell" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $41.00.

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Insider Buying and Selling

In related news, EVP Shayn P. March sold 7,500 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $30.00, for a total value of $225,000.00. Following the completion of the sale, the executive vice president now owns 67,469 shares in the company, valued at $2,024,070. The trade was a 10.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.30% of the stock is owned by company insiders.

The GEO Group Price Performance

NYSE GEO traded down $2.04 during trading on Friday, reaching $27.00. The company's stock had a trading volume of 4,246,929 shares, compared to its average volume of 2,775,080. The stock has a market capitalization of $3.81 billion, a PE ratio of 93.11, a P/E/G ratio of 2.11 and a beta of 0.78. 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 firm has a fifty day moving average of $27.68 and a 200 day moving average of $24.72. 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 posted its quarterly earnings data 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 return on equity of 9.20% and a net margin of 2.00%. The company had revenue of $607.72 million during the quarter, compared to the consensus estimate of $607.45 million. Analysts expect that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

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.