ArrowMark Colorado Holdings LLC Buys Shares of 385,000 The GEO Group, Inc. (NYSE:GEO)

ArrowMark Colorado Holdings 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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 385,000 shares of the real estate investment trust's stock, valued at approximately $10,772,000. ArrowMark Colorado Holdings LLC owned approximately 0.28% of The GEO Group as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GEO. SRS Capital Advisors Inc. lifted its stake in The GEO Group by 160.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 720 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in The GEO Group by 149.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 915 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of The GEO Group in the 4th quarter valued at about $29,000. Tyler Stone Wealth Management lifted its holdings in shares of The GEO Group by 8.4% in the fourth quarter. Tyler Stone Wealth Management now owns 13,314 shares of the real estate investment trust's stock valued at $373,000 after purchasing an additional 1,030 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of The GEO Group by 18.6% during the fourth quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust's stock worth $228,000 after buying an additional 1,281 shares during the period. Institutional investors and hedge funds own 76.10% of the company's stock.

The GEO Group Stock Performance

NYSE GEO opened at $31.65 on Friday. The firm has a market capitalization of $4.46 billion, a P/E ratio of 109.14, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. 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 firm's fifty day moving average price is $28.14 and its two-hundred day moving average price is $27.16. The GEO Group, Inc. has a 1 year low of $11.75 and a 1 year high of $36.46.

The GEO Group (NYSE:GEO - Get Free Report) last issued its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.08). The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. The firm had revenue of $607.72 million during the quarter, compared to the consensus estimate of $607.45 million. As a group, research analysts anticipate that The GEO Group, Inc. will post 0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at The GEO Group

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of the firm's 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 owns 67,469 shares of the company's stock, valued at $2,024,070. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.30% of the stock is currently owned by corporate insiders.

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.

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