Appian Way Asset Management LP Buys Shares of 501,830 The GEO Group, Inc. (NYSE:GEO)

Appian Way Asset Management LP bought a new stake in The GEO Group, Inc. (NYSE:GEO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 501,830 shares of the real estate investment trust's stock, valued at approximately $14,041,000. The GEO Group comprises approximately 2.9% of Appian Way Asset Management LP's investment portfolio, making the stock its 10th biggest position. Appian Way Asset Management LP owned about 0.36% of The GEO Group as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GEO. NewEdge Advisors LLC purchased a new stake in shares of The GEO Group in the fourth quarter valued at $29,000. SRS Capital Advisors Inc. boosted its stake in The GEO Group by 160.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust's stock worth $33,000 after buying an additional 720 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in The GEO Group by 149.5% in 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 buying an additional 915 shares during the period. Jones Financial Companies Lllp increased its stake in shares of The GEO Group by 182.6% during the 4th quarter. Jones Financial Companies Lllp now owns 3,148 shares of the real estate investment trust's stock valued at $88,000 after acquiring an additional 2,034 shares during the last quarter. Finally, Rothschild Investment LLC lifted its holdings in shares of The GEO Group by 6,800.0% during the 4th quarter. Rothschild Investment LLC now owns 4,140 shares of the real estate investment trust's stock worth $116,000 after acquiring an additional 4,080 shares during the period. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

The GEO Group Stock Up 0.3 %

Shares of NYSE:GEO traded up $0.11 during midday trading on Friday, hitting $31.65. 2,105,492 shares of the company's stock traded hands, compared to its average volume of 2,825,672. The firm's fifty day moving average price is $28.14 and its two-hundred day moving average price is $27.16. 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 GEO Group, Inc. has a twelve month low of $11.75 and a twelve month high of $36.46. The company has a market cap of $4.46 billion, a PE ratio of 109.14, a P/E/G ratio of 2.11 and a beta of 0.80.

The GEO Group (NYSE:GEO - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.13 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 for the quarter, compared to analyst estimates of $607.45 million. On average, equities research analysts anticipate that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling at The GEO Group

In other news, EVP Shayn P. March sold 7,500 shares of the company's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $30.00, for a total value of $225,000.00. Following the completion of the transaction, the executive vice president now directly owns 67,469 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. 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.