FNY Investment Advisers LLC Purchases Shares of 15,000 The GEO Group, Inc. (NYSE:GEO)

FNY Investment Advisers LLC purchased a new stake in The GEO Group, Inc. (NYSE:GEO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,000 shares of the real estate investment trust's stock, valued at approximately $438,000.

A number of other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in The GEO Group by 6.9% in the first quarter. GAMMA Investing LLC now owns 8,721 shares of the real estate investment trust's stock valued at $255,000 after buying an additional 566 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in shares of 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 purchasing an additional 720 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of The GEO Group by 149.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 915 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of The GEO Group in the fourth quarter worth $29,000. Finally, Tyler Stone Wealth Management lifted its position 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 purchasing an additional 1,030 shares in the last quarter. Institutional investors own 76.10% of the company's stock.

The GEO Group Stock Performance

NYSE GEO opened at $24.65 on Monday. 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 firm's fifty day moving average price is $28.00 and its two-hundred day moving average price is $28.34. The GEO Group, Inc. has a 1 year low of $11.75 and a 1 year high of $36.46. The firm has a market capitalization of $3.48 billion, a P/E ratio of 85.01, a price-to-earnings-growth ratio of 2.11 and a beta of 0.76.

The 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 GEO Group had a return on equity of 9.20% and a net margin of 2.00%. The firm had revenue of $604.65 million for the quarter, compared to the consensus estimate of $611.81 million. During the same period last year, the company posted $0.14 earnings per share. As a group, research analysts anticipate that The GEO Group, Inc. will post 0.83 EPS for the current year.

Insider Buying and Selling at The GEO Group

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of the company's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $30.00, for a total value of $225,000.00. Following the transaction, the executive vice president now directly owns 67,469 shares in the company, valued at $2,024,070. The trade was a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.30% of the company's stock.

Analysts Set New Price Targets

GEO has been the topic of a number of research reports. UBS Group set a $35.00 price objective on shares of The GEO Group in a research report on Monday, March 24th. Wall Street Zen raised shares of The GEO Group from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Jones Trading cut their price objective on shares of The GEO Group from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Wedbush reissued an "outperform" rating and issued a $36.00 price objective (down previously from $46.00) on shares of The GEO Group in a research report on Thursday, May 8th. Finally, Noble Financial reissued an "outperform" rating on shares of The GEO Group in a research report on Monday, March 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $38.00.

About The 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.

Want to see what other hedge funds are holding GEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The GEO Group, Inc. (NYSE:GEO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.