Edgestream Partners L.P. Purchases New Shares in Geo Group Inc (The) (NYSE:GEO)

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

Several other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in Geo Group by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 3,051,384 shares of the real estate investment trust's stock worth $85,398,000 after purchasing an additional 35,281 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Geo Group by 202.6% during the fourth quarter. Point72 Asset Management L.P. now owns 2,124,783 shares of the real estate investment trust's stock valued at $59,451,000 after buying an additional 1,422,676 shares during the last quarter. Discovery Capital Management LLC CT boosted its position in shares of Geo Group by 375.2% during the fourth quarter. Discovery Capital Management LLC CT now owns 1,839,500 shares of the real estate investment trust's stock valued at $51,469,000 after buying an additional 1,452,400 shares during the last quarter. Northern Trust Corp increased its stake in Geo Group by 12.6% in the 4th quarter. Northern Trust Corp now owns 1,522,360 shares of the real estate investment trust's stock worth $42,596,000 after acquiring an additional 170,248 shares during the last quarter. Finally, Newbrook Capital Advisors LP purchased a new stake in shares of Geo Group during the 4th quarter worth $35,738,000. Institutional investors own 76.10% of the company's stock.

Wall Street Analysts Forecast Growth

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

Geo Group Trading Down 1.9%

NYSE:GEO traded down $0.47 during mid-day trading on Monday, reaching $24.06. 3,057,494 shares of the company's stock traded hands, compared to its average volume of 2,918,954. The company has a 50 day moving average price of $25.77 and a 200-day moving average price of $27.80. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 126.61, a PEG ratio of 2.66 and a beta of 0.71. Geo Group Inc has a 12-month low of $11.75 and a 12-month high of $36.46.

Geo Group (NYSE:GEO - Get Free Report) last issued its 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 net margin of 1.19% and a return on equity of 7.36%. The firm had revenue of $604.65 million during the quarter, compared to analysts' expectations of $611.81 million. During the same period in the previous year, the firm earned $0.14 EPS. On average, sell-side analysts predict that Geo Group Inc will post 0.83 earnings per share for the current year.

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.