Wellington Management Group LLP Buys New Holdings in The GEO Group, Inc. (NYSE:GEO)

Wellington Management Group LLP acquired a new stake in The GEO Group, Inc. (NYSE:GEO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 632,075 shares of the real estate investment trust's stock, valued at approximately $17,685,000. Wellington Management Group LLP owned approximately 0.45% of The GEO Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in The GEO Group by 91.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust's stock valued at $24,050,000 after purchasing an additional 411,565 shares during the period. Kirkoswald Asset Management LLC purchased a new stake in shares of The GEO Group in the 4th quarter valued at approximately $5,036,000. Pinnbrook Capital Management LP purchased a new stake in The GEO Group in the fourth quarter valued at approximately $4,837,000. Barclays PLC raised its holdings in shares of The GEO Group by 374.6% in the 3rd quarter. Barclays PLC now owns 216,447 shares of the real estate investment trust's stock valued at $2,781,000 after buying an additional 170,839 shares during the period. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in shares of The GEO Group during the fourth quarter worth about $4,770,000. Hedge funds and other institutional investors own 76.10% of the company's stock.

Wall Street Analyst Weigh In

GEO has been the topic of a number of recent research reports. StockNews.com lowered shares of The GEO Group from a "hold" rating to a "sell" rating in a research note on Tuesday, April 1st. UBS Group set a $35.00 price objective on shares of The GEO Group in a research report on Monday, March 24th. Wedbush reissued an "outperform" rating and set a $46.00 target price on shares of The GEO Group in a research report on Tuesday, March 18th. Noble Financial reiterated an "outperform" rating on shares of The GEO Group in a research note on Monday, March 24th. Finally, Jones Trading restated a "buy" rating and issued a $55.00 target price on shares of The GEO Group in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

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Insider Activity

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of the firm's stock in a transaction dated Thursday, March 27th. The shares were 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 $2,024,070. This trade represents a 10.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.30% of the company's stock.

The GEO Group Stock Performance

Shares of GEO traded up $0.53 during mid-day trading on Monday, hitting $29.54. 268,732 shares of the company's stock were exchanged, compared to its average volume of 2,987,489. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25. The GEO Group, Inc. has a fifty-two week low of $11.75 and a fifty-two week high of $36.46. The business's 50 day moving average is $27.26 and its two-hundred day moving average is $25.55. The firm has a market capitalization of $4.17 billion, a P/E ratio of 101.87, a P/E/G ratio of 2.11 and a beta of 0.78.

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 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 analysts' expectations of $607.45 million. On average, equities analysts expect that The GEO Group, Inc. will post 0.83 earnings per share for the current 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.