Baader Bank Aktiengesellschaft Invests $604,000 in Geo Group Inc (The) (NYSE:GEO)

Baader Bank Aktiengesellschaft acquired a new stake in Geo Group Inc (The) (NYSE:GEO - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 20,786 shares of the real estate investment trust's stock, valued at approximately $604,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC bought a new stake in shares of Geo Group during the fourth quarter valued at about $29,000. NBC Securities Inc. acquired a new position in Geo Group during the 1st quarter valued at about $58,000. Morse Asset Management Inc increased its stake in Geo Group by 29.0% during the 4th quarter. Morse Asset Management Inc now owns 6,760 shares of the real estate investment trust's stock valued at $189,000 after buying an additional 1,520 shares during the period. Mariner LLC bought a new stake in shares of Geo Group during the 4th quarter worth about $208,000. Finally, Highland Capital Management LLC bought a new stake in shares of Geo Group during the 1st quarter worth about $210,000. 76.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wedbush reiterated an "outperform" rating and issued a $36.00 price objective on shares of Geo Group in a report on Monday, June 23rd. Wall Street Zen raised Geo Group from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Jones Trading lowered their price target 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. 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, Geo Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.00.

Geo Group Price Performance

Shares of GEO traded down $0.90 during mid-day trading on Friday, hitting $25.02. The company's stock had a trading volume of 2,333,502 shares, compared to its average volume of 2,810,978. 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 50-day moving average price of $25.42 and a 200 day moving average price of $27.42. Geo Group Inc has a fifty-two week low of $11.75 and a fifty-two week high of $36.46. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 131.69, a PEG ratio of 2.71 and a beta of 0.75.

Geo Group (NYSE:GEO - Get Free Report) last posted its quarterly 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 business had revenue of $604.65 million during the quarter, compared to analyst estimates of $611.81 million. Geo Group had a return on equity of 7.36% and a net margin of 1.19%. During the same quarter last year, the firm posted $0.14 EPS. On average, research analysts predict that Geo Group Inc will post 0.83 EPS for the current fiscal 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.