Xponance Inc. Takes $263,000 Position in The GEO Group, Inc. (NYSE:GEO)

Xponance Inc. purchased a new position in The GEO Group, Inc. (NYSE:GEO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,408 shares of the real estate investment trust's stock, valued at approximately $263,000.

Several other institutional investors have also recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in The GEO Group in the 3rd quarter worth $25,000. SRS Capital Advisors Inc. grew its position in shares of The GEO Group by 160.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 720 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in The GEO Group by 149.5% during the 4th 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 purchased a new position in The GEO Group in the 3rd quarter worth approximately $67,000. Finally, Quarry LP bought a new position in The GEO Group in the 3rd quarter worth approximately $77,000. Institutional investors own 76.10% of the company's stock.

The GEO Group Trading Down 0.1 %

GEO stock traded down $0.03 during midday trading on Monday, reaching $29.28. 2,272,727 shares of the company traded hands, compared to its average volume of 2,947,442. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 100.98, a P/E/G ratio of 2.11 and a beta of 0.91. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.10. The business has a 50 day moving average of $28.21 and a 200-day moving average of $24.32. The GEO Group, Inc. has a 52-week low of $11.75 and a 52-week high of $36.46.

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The GEO Group (NYSE:GEO - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. As a group, sell-side analysts expect that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About The GEO Group

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.