Principal Financial Group Inc. Has $19.78 Million Holdings in Geo Group Inc (The) (NYSE:GEO)

Principal Financial Group Inc. boosted its stake in shares of Geo Group Inc (The) (NYSE:GEO - Free Report) by 2.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 677,058 shares of the real estate investment trust's stock after acquiring an additional 17,605 shares during the quarter. Principal Financial Group Inc. owned approximately 0.48% of Geo Group worth $19,777,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GEO. Discovery Capital Management LLC CT boosted its holdings in Geo Group by 375.2% in 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 acquiring an additional 1,452,400 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Geo Group by 202.6% during the 4th 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 purchasing an additional 1,422,676 shares during the period. Newbrook Capital Advisors LP acquired a new position in Geo Group during the 4th quarter valued at about $35,738,000. BlueCrest Capital Management Ltd bought a new position in shares of Geo Group in the 4th quarter valued at about $34,456,000. Finally, Forest Avenue Capital Management LP acquired a new stake in shares of Geo Group during the 4th quarter worth approximately $20,197,000. Institutional investors own 76.10% of the company's stock.

Geo Group Trading Up 1.2%

NYSE:GEO traded up $0.32 during trading hours on Monday, hitting $26.25. The stock had a trading volume of 1,854,861 shares, compared to its average volume of 2,941,291. The business's 50 day moving average is $26.06 and its 200-day moving average is $27.89. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 138.14, a P/E/G ratio of 2.81 and a beta of 0.71. Geo Group Inc has a one year low of $11.75 and a one year high of $36.46.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Jones Trading cut their price objective on shares of 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 set a $36.00 target price on shares of Geo Group in a research report on Monday, June 23rd. UBS Group set a $35.00 price target on Geo Group in a research report on Monday, March 24th. Noble Financial reiterated an "outperform" rating on shares of Geo Group in a report on Monday, March 24th. Finally, Wall Street Zen raised Geo Group from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Geo Group has an average rating of "Moderate Buy" and a consensus price target of $38.00.

Geo Group 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.