Newbrook Capital Advisors LP Purchases Shares of 1,277,264 The GEO Group, Inc. (NYSE:GEO)

Newbrook Capital Advisors LP purchased a new stake in The GEO Group, Inc. (NYSE:GEO - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,277,264 shares of the real estate investment trust's stock, valued at approximately $35,738,000. The GEO Group accounts for approximately 4.6% of Newbrook Capital Advisors LP's portfolio, making the stock its 8th largest position. Newbrook Capital Advisors LP owned approximately 0.91% of The GEO Group at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Discovery Capital Management LLC CT grew its holdings in shares of The GEO Group by 375.2% in the 4th quarter. Discovery Capital Management LLC CT now owns 1,839,500 shares of the real estate investment trust's stock valued at $51,469,000 after buying an additional 1,452,400 shares during the period. BlueCrest Capital Management Ltd acquired a new position in The GEO Group in the fourth quarter valued at about $34,456,000. Forest Avenue Capital Management LP bought a new stake in shares of The GEO Group in the fourth quarter worth about $20,197,000. Wellington Management Group LLP acquired a new stake in shares of The GEO Group during the fourth quarter worth about $17,685,000. Finally, Findell Capital Management LLC bought a new position in shares of The GEO Group during the 4th quarter valued at about $14,410,000. Institutional investors and hedge funds own 76.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GEO. StockNews.com upgraded shares of The GEO Group from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Jones Trading cut their price objective on shares of The GEO Group from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Noble Financial reiterated an "outperform" rating on shares of The GEO Group in a report on Monday, March 24th. UBS Group set a $35.00 target price on The GEO Group in a research report on Monday, March 24th. Finally, Wedbush reaffirmed an "outperform" rating and set a $36.00 price target (down from $46.00) on shares of The GEO Group in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $38.00.

Insider Buying and Selling at The GEO Group

In other news, EVP Shayn P. March sold 7,500 shares of the 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 directly owns 67,469 shares of the company's stock, valued at $2,024,070. This represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.30% of the company's stock.

The GEO Group Price Performance

The GEO Group stock traded up $0.62 during mid-day trading on Monday, reaching $26.99. The company had a trading volume of 568,773 shares, compared to its average volume of 2,865,324. The business has a fifty day simple moving average of $28.52 and a 200 day simple moving average of $28.07. The GEO Group, Inc. has a fifty-two week low of $11.75 and a fifty-two week high of $36.46. The company has a market cap of $3.81 billion, a P/E ratio of 92.93, a P/E/G ratio of 2.11 and a beta of 0.80. 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 (NYSE:GEO - Get Free Report) last announced its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $604.65 million during the quarter, compared to the consensus estimate of $611.81 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. During the same quarter in the previous year, the company earned $0.14 earnings per share. On average, equities research analysts predict 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.