The GEO Group, Inc. (NYSE:GEO) is Apis Capital Advisors LLC's 3rd Largest Position

Apis Capital Advisors LLC lifted its holdings in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 411,500 shares of the real estate investment trust's stock after purchasing an additional 38,500 shares during the quarter. The GEO Group accounts for about 7.7% of Apis Capital Advisors LLC's portfolio, making the stock its 3rd biggest position. Apis Capital Advisors LLC owned about 0.29% of The GEO Group worth $11,514,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GEO. Geode Capital Management LLC lifted its stake in The GEO Group by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 3,051,384 shares of the real estate investment trust's stock valued at $85,398,000 after acquiring an additional 35,281 shares in the last quarter. Discovery Capital Management LLC CT boosted its holdings in shares of 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 worth $51,469,000 after buying an additional 1,452,400 shares during the period. Northern Trust Corp grew its position in shares of The GEO Group by 12.6% in the fourth quarter. Northern Trust Corp now owns 1,522,360 shares of the real estate investment trust's stock valued at $42,596,000 after purchasing an additional 170,248 shares during the last quarter. Allianz Asset Management GmbH increased its position in The GEO Group by 5.8% during the 4th quarter. Allianz Asset Management GmbH now owns 1,491,209 shares of the real estate investment trust's stock worth $41,724,000 after buying an additional 82,341 shares during the period. Finally, BlueCrest Capital Management Ltd acquired a new stake in The GEO Group in the 4th quarter worth about $34,456,000. Institutional investors own 76.10% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wedbush reiterated an "outperform" rating and set a $46.00 price objective on shares of The GEO Group in a research note on Tuesday, March 18th. UBS Group set a $35.00 price objective on The GEO Group in a research note on Monday, March 24th. Noble Financial reiterated an "outperform" rating on shares of The GEO Group in a research report on Monday, March 24th. StockNews.com downgraded shares of The GEO Group from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, Jones Trading restated a "buy" rating and set a $55.00 price target on shares of The GEO Group in a report on Friday, March 21st. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $41.00.

The GEO Group Stock Down 1.0 %

Shares of GEO traded down $0.32 on Monday, reaching $31.35. The company's stock had a trading volume of 2,871,990 shares, compared to its average volume of 2,825,858. The stock has a market capitalization of $4.42 billion, a PE ratio of 108.11, a PEG 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 twelve month low of $11.75 and a twelve month high of $36.46. The firm has a fifty day moving average of $28.26 and a 200-day moving average of $27.36.

The GEO Group (NYSE:GEO - Get Free Report) last posted 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 GEO Group had a return on equity of 9.20% and a net margin of 2.00%. The firm had revenue of $607.72 million during the quarter, compared to the consensus estimate of $607.45 million. Equities analysts predict that The GEO Group, Inc. will post 0.83 EPS for the current year.

Insider Buying and Selling at The GEO Group

In related news, EVP Shayn P. March sold 7,500 shares of The GEO Group stock in a transaction dated 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 owns 67,469 shares of the company's stock, valued at approximately $2,024,070. This trade represents a 10.00 % decrease in their position. The sale 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.

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.