Algert Global LLC Takes Position in The GEO Group, Inc. (NYSE:GEO)

Algert Global LLC purchased a new position in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 51,140 shares of the real estate investment trust's stock, valued at approximately $1,431,000.

A number of other institutional investors have also added to or reduced their stakes in GEO. Discovery Capital Management LLC CT increased its position in The GEO Group by 375.2% during 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 in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in The GEO Group in the fourth quarter valued at $34,456,000. Forest Avenue Capital Management LP acquired a new stake in The GEO Group in the 4th quarter valued at about $20,197,000. Wellington Management Group LLP acquired a new stake in shares of The GEO Group during the 4th quarter worth approximately $17,685,000. Finally, Appian Way Asset Management LP acquired a new stake in shares of The GEO Group during the 4th quarter worth approximately $14,041,000. 76.10% of the stock is currently owned by institutional investors.

Insider Transactions at The GEO Group

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of The GEO Group stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $30.00, for a total transaction of $225,000.00. Following the transaction, the executive vice president now directly owns 67,469 shares of the company's stock, valued at approximately $2,024,070. This trade represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.30% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GEO shares. Jones Trading dropped their target price on shares of The GEO Group from $55.00 to $50.00 and set a "buy" rating for the company in a report on Thursday, May 8th. UBS Group set a $35.00 price target on shares of The GEO Group in a research report on Monday, March 24th. Wedbush reissued an "outperform" rating and issued a $36.00 price target (down previously from $46.00) on shares of The GEO Group in a research report on Thursday, May 8th. Noble Financial reiterated an "outperform" rating on shares of The GEO Group in a research report on Monday, March 24th. Finally, StockNews.com raised shares of The GEO Group from a "sell" rating to a "hold" rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, The GEO Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

The GEO Group Stock Performance

NYSE GEO traded up $0.46 during trading on Tuesday, reaching $26.62. The company's stock had a trading volume of 1,814,733 shares, compared to its average volume of 2,883,303. The firm has a 50 day moving average price of $28.32 and a 200 day moving average price of $27.77. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 91.80, a price-to-earnings-growth 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, Inc. has a 12 month low of $11.75 and a 12 month high of $36.46.

The GEO Group (NYSE:GEO - Get Free Report) last issued its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. The company had revenue of $604.65 million for the quarter, compared to the consensus estimate of $611.81 million. During the same period in the prior year, the company earned $0.14 earnings per share. As a group, equities analysts anticipate that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

The GEO Group Company 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.