BlueCrest Capital Management Ltd Takes Position in The GEO Group, Inc. (NYSE:GEO)

BlueCrest Capital Management Ltd acquired a new stake in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,231,436 shares of the real estate investment trust's stock, valued at approximately $34,456,000. The GEO Group comprises approximately 1.0% of BlueCrest Capital Management Ltd's investment portfolio, making the stock its 10th biggest position. BlueCrest Capital Management Ltd owned approximately 0.88% of The GEO Group as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in GEO. Nisa Investment Advisors LLC lifted its stake in The GEO Group by 91.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust's stock worth $24,050,000 after acquiring an additional 411,565 shares during the period. GAMMA Investing LLC increased its position in The GEO Group by 18.6% during the 4th quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust's stock valued at $228,000 after buying an additional 1,281 shares in the last quarter. RoundAngle Advisors LLC purchased a new stake in The GEO Group during the 4th quarter valued at about $806,000. Pinnbrook Capital Management LP bought a new position in shares of The GEO Group in the fourth quarter worth approximately $4,837,000. Finally, Wells Fargo & Company MN increased its holdings in shares of The GEO Group by 17.2% in the 4th quarter. Wells Fargo & Company MN now owns 106,488 shares of the real estate investment trust's stock worth $2,980,000 after purchasing an additional 15,663 shares in the last quarter. Hedge funds and other institutional investors own 76.10% of the company's stock.

The GEO Group Stock Down 3.0 %

Shares of GEO stock traded down $0.95 during trading hours on Tuesday, reaching $30.41. 3,230,699 shares of the company's stock were exchanged, compared to its average volume of 2,970,511. The stock's fifty day moving average price is $28.26 and its two-hundred day moving average price is $27.36. The stock has a market cap of $4.29 billion, a PE ratio of 104.85, 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 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 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 firm had revenue of $607.72 million for the quarter, compared to analyst estimates of $607.45 million. Research analysts predict that The GEO Group, Inc. will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

GEO has been the topic of several recent research reports. UBS Group set a $35.00 price objective on shares of The GEO Group in a research note on Monday, March 24th. Wedbush reiterated an "outperform" rating and issued a $46.00 price target on shares of The GEO Group in a report on Tuesday, March 18th. Noble Financial reiterated an "outperform" rating on shares of The GEO Group in a research report on Monday, March 24th. Jones Trading reiterated a "buy" rating and set a $55.00 price objective on shares of The GEO Group in a report on Friday, March 21st. Finally, StockNews.com lowered The GEO Group from a "hold" rating to a "sell" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $41.00.

Insider Buying and Selling

In related news, EVP Shayn P. March sold 7,500 shares of the business'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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.30% of the stock is owned by company 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.