Deutsche Bank AG Acquires 358,574 Shares of The GEO Group, Inc. (NYSE:GEO)

Deutsche Bank AG raised its holdings in The GEO Group, Inc. (NYSE:GEO - Free Report) by 49.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,080,865 shares of the real estate investment trust's stock after acquiring an additional 358,574 shares during the period. Deutsche Bank AG owned about 0.77% of The GEO Group worth $30,243,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. SRS Capital Advisors Inc. boosted its holdings 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 worth $33,000 after acquiring an additional 720 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of 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 acquiring an additional 915 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of The GEO Group in the 4th quarter valued at $29,000. Tyler Stone Wealth Management increased its stake 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 worth $373,000 after buying an additional 1,030 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of The GEO Group by 3.3% during the fourth quarter. Arizona State Retirement System now owns 40,537 shares of the real estate investment trust's stock valued at $1,134,000 after acquiring an additional 1,289 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

The GEO Group Stock Performance

GEO traded up $0.16 during trading on Monday, hitting $26.53. The company's stock had a trading volume of 237,979 shares, compared to its average volume of 2,863,948. The business's 50 day simple moving average is $28.52 and its 200-day simple moving average is $28.07. The firm has a market cap of $3.75 billion, a PE ratio of 91.54, a P/E/G ratio of 2.11 and a beta of 0.80. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The GEO Group, Inc. has a one year low of $11.75 and a one year high of $36.46.

The GEO Group (NYSE:GEO - Get Free Report) last released 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 business had revenue of $604.65 million for the quarter, compared to analysts' expectations of $611.81 million. During the same quarter in the prior year, the business posted $0.14 EPS. As a group, sell-side analysts predict that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on GEO. StockNews.com raised The GEO Group from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. UBS Group set a $35.00 target price on shares of 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. Jones Trading lowered their price target on The GEO Group from $55.00 to $50.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Wedbush restated an "outperform" rating and set a $36.00 target price (down previously from $46.00) on shares of The GEO Group in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $38.00.

Insider Transactions at The GEO Group

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of the business's stock in a transaction dated 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 sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.30% of the company's stock.

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.