Sei Investments Co. Makes New Investment in The GEO Group, Inc. (NYSE:GEO)

Sei Investments Co. acquired a new position in The GEO Group, Inc. (NYSE:GEO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,040 shares of the real estate investment trust's stock, valued at approximately $253,000.

Several other institutional investors have also added to or reduced their stakes in GEO. Nisa Investment Advisors LLC boosted its holdings in shares of The GEO Group by 91.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust's stock valued at $24,050,000 after acquiring an additional 411,565 shares during the last quarter. GAMMA Investing LLC boosted its position in The GEO Group by 18.6% in the fourth quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust's stock worth $228,000 after purchasing an additional 1,281 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of The GEO Group by 53.7% during the 3rd 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 purchasing an additional 74,430 shares during the period. Y Intercept Hong Kong Ltd increased its holdings in The GEO Group by 206.4% during the third quarter. Y Intercept Hong Kong Ltd now owns 47,377 shares of the real estate investment trust's stock valued at $609,000 after buying an additional 31,913 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of The GEO Group by 1.4% during the 3rd quarter. State Street Corp now owns 4,919,298 shares of the real estate investment trust's stock worth $63,213,000 after acquiring an additional 66,658 shares during the last quarter. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

The GEO Group Trading Up 0.9 %

Shares of NYSE:GEO traded up $0.25 during trading on Thursday, hitting $29.32. The company had a trading volume of 254,212 shares, compared to its average volume of 2,779,520. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 101.07, a price-to-earnings-growth 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 company has a fifty day simple moving average of $27.39 and a two-hundred day simple moving average of $25.72. 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 released its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). The firm had revenue of $607.72 million during 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 forecast that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

Insider Buying and Selling

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of The GEO Group stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $30.00, for a total transaction 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. The trade was a 10.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.30% of the stock is owned by corporate insiders.

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.