12,000 Shares in Geo Group Inc (The) (NYSE:GEO) Bought by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. bought a new position in Geo Group Inc (The) (NYSE:GEO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,000 shares of the real estate investment trust's stock, valued at approximately $349,000.

Other hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC acquired a new position in Geo Group in the fourth quarter worth $29,000. SRS Capital Advisors Inc. lifted its position in Geo Group by 160.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust's stock worth $33,000 after buying an additional 720 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in 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. NBC Securities Inc. bought a new stake in Geo Group during the 1st quarter worth about $58,000. Finally, Jones Financial Companies Lllp increased its position in Geo Group by 182.6% in the 4th quarter. Jones Financial Companies Lllp now owns 3,148 shares of the real estate investment trust's stock valued at $88,000 after acquiring an additional 2,034 shares in the last quarter. Institutional investors and hedge funds own 76.10% of the company's stock.

Geo Group Trading Down 3.8%

Shares of GEO traded down $0.93 on Friday, reaching $23.24. 5,228,459 shares of the company's stock were exchanged, compared to its average volume of 3,008,099. The business has a 50 day moving average price of $27.72 and a two-hundred day moving average price of $28.23. Geo Group Inc has a 12 month low of $11.75 and a 12 month high of $36.46. The stock has a market capitalization of $3.29 billion, a P/E ratio of 122.34, a price-to-earnings-growth ratio of 2.71 and a beta of 0.76. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.24.

Geo Group (NYSE:GEO - Get Free Report) last issued its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.14 EPS 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 business had revenue of $604.65 million for the quarter, compared to the consensus estimate of $611.81 million. During the same quarter in the previous year, the firm posted $0.14 EPS. Research analysts anticipate that Geo Group Inc will post 0.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. UBS Group set a $35.00 target price on shares of Geo Group in a research report on Monday, March 24th. Jones Trading reduced their price objective on Geo Group from $55.00 to $50.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Wedbush reiterated an "outperform" rating and issued a $36.00 price objective (down from $46.00) on shares of Geo Group in a research report on Thursday, May 8th. Wall Street Zen upgraded Geo Group from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Noble Financial reiterated an "outperform" rating on shares of Geo Group in a report on Monday, March 24th. One 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

Insider Activity

In related news, EVP Shayn P. March sold 7,500 shares of Geo Group stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $30.00, for a total transaction of $225,000.00. Following the transaction, the executive vice president now owns 67,469 shares of the company's stock, valued at $2,024,070. This trade represents a 10.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.30% of the stock is currently owned by company insiders.

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.