Mountain Hill Investment Partners Corp. Invests $929,000 in Geo Group Inc (The) (NYSE:GEO)

Mountain Hill Investment Partners Corp. purchased a new position in shares of Geo Group Inc (The) (NYSE:GEO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 31,812 shares of the real estate investment trust's stock, valued at approximately $929,000. Geo Group comprises 0.9% of Mountain Hill Investment Partners Corp.'s investment portfolio, making the stock its 21st biggest position.

Several other hedge funds also recently modified their holdings of GEO. NewEdge Advisors LLC acquired a new stake in shares of Geo Group during the 4th quarter worth about $29,000. NBC Securities Inc. acquired a new stake in shares of Geo Group during the 1st quarter worth about $58,000. Jones Financial Companies Lllp increased its position in shares of Geo Group by 182.6% during the 4th quarter. Jones Financial Companies Lllp now owns 3,148 shares of the real estate investment trust's stock worth $88,000 after purchasing an additional 2,034 shares in the last quarter. Morse Asset Management Inc increased its position in Geo Group by 29.0% in 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 acquiring an additional 1,520 shares in the last quarter. Finally, Mariner LLC acquired a new stake in Geo Group in the 4th quarter valued at about $208,000. Institutional investors and hedge funds own 76.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GEO shares. UBS Group set a $35.00 target price on shares of Geo Group in a research note on Monday, March 24th. Jones Trading reduced their price objective on shares of Geo Group from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Noble Financial reissued an "outperform" rating on shares of Geo Group in a research note on Monday, March 24th. Wedbush reissued an "outperform" rating and set a $36.00 price objective on shares of Geo Group in a research note on Monday, June 23rd. Finally, Wall Street Zen raised shares of Geo Group from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. 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.com, Geo Group presently has an average rating of "Moderate Buy" and an average price target of $38.00.

Geo Group Price Performance

Shares of GEO opened at $26.25 on Tuesday. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 138.14, a PEG ratio of 2.81 and a beta of 0.71. Geo Group Inc has a 1-year low of $11.75 and a 1-year high of $36.46. The company's fifty day simple moving average is $26.06 and its 200 day simple moving average is $27.89. 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.04). Geo Group had a return on equity of 7.36% and a net margin of 1.19%. The firm had revenue of $604.65 million for the quarter, compared to analyst estimates of $611.81 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. On average, research analysts forecast that Geo Group Inc will post 0.83 earnings per share for the current fiscal year.

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.

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