Edgestream Partners L.P. Purchases Shares of 67,200 Geo Group Inc (The) (NYSE:GEO)

Edgestream Partners L.P. acquired a new stake in Geo Group Inc (The) (NYSE:GEO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 67,200 shares of the real estate investment trust's stock, valued at approximately $1,963,000.

Several other institutional investors also recently bought and sold shares of GEO. Wells Fargo & Company MN boosted its stake in shares of Geo Group by 17.2% in the fourth quarter. Wells Fargo & Company MN now owns 106,488 shares of the real estate investment trust's stock worth $2,980,000 after acquiring an additional 15,663 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Geo Group by 87.4% in the fourth quarter. Janus Henderson Group PLC now owns 100,370 shares of the real estate investment trust's stock worth $2,809,000 after acquiring an additional 46,820 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Geo Group in the first quarter worth approximately $965,000. GAMMA Investing LLC boosted its stake in shares of Geo Group by 3,023.7% in the first quarter. GAMMA Investing LLC now owns 254,740 shares of the real estate investment trust's stock worth $7,441,000 after acquiring an additional 246,585 shares during the last quarter. Finally, Kirkoswald Asset Management LLC acquired a new stake in shares of Geo Group in the fourth quarter worth approximately $5,036,000. 76.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GEO has been the topic of a number of recent research reports. Jones Trading lowered their price objective on Geo Group from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. UBS Group set a $35.00 price target on Geo Group in a report on Monday, March 24th. Wall Street Zen raised Geo Group from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Noble Financial reissued an "outperform" rating on shares of Geo Group in a research report on Monday, March 24th. Finally, Wedbush reissued an "outperform" rating and set a $36.00 price objective on shares of Geo Group in a research report on Monday, June 23rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $38.00.

Geo Group Stock Down 2.8%

NYSE GEO traded down $0.71 during trading hours on Friday, hitting $24.51. 3,054,186 shares of the company were exchanged, compared to its average volume of 2,918,396. The company has a 50 day moving average of $25.77 and a two-hundred day moving average of $27.80. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.24. Geo Group Inc has a 52-week low of $11.75 and a 52-week high of $36.46. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 129.01, a PEG ratio of 2.66 and a beta of 0.71.

Geo Group (NYSE:GEO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). Geo Group had a return on equity of 7.36% and a net margin of 1.19%. The company had revenue of $604.65 million for the quarter, compared to analysts' expectations of $611.81 million. During the same quarter last year, the company earned $0.14 EPS. Equities research analysts anticipate that Geo Group Inc will post 0.83 earnings per share for the current year.

About 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.