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

Mountain Hill Investment Partners Corp. bought a new position in Geo Group Inc (The) (NYSE:GEO - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 31,812 shares of the real estate investment trust's stock, valued at approximately $929,000. Geo Group makes up approximately 0.9% of Mountain Hill Investment Partners Corp.'s investment portfolio, making the stock its 21st largest position.

Several other large investors have also recently modified their holdings of GEO. Jones Financial Companies Lllp grew its stake in Geo Group by 182.6% during the fourth 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. Proficio Capital Partners LLC purchased a new position in Geo Group during the fourth quarter valued at approximately $313,000. Raymond James Financial Inc. purchased a new position in Geo Group during the fourth quarter valued at approximately $2,994,000. Swiss National Bank grew its stake in Geo Group by 3.2% during the fourth quarter. Swiss National Bank now owns 274,600 shares of the real estate investment trust's stock valued at $7,683,000 after acquiring an additional 8,500 shares in the last quarter. Finally, Natixis Advisors LLC purchased a new position in Geo Group during the fourth quarter valued at approximately $569,000. Hedge funds and other institutional investors own 76.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GEO. Wedbush reaffirmed an "outperform" rating and set a $36.00 price objective on shares of Geo Group in a research note on Monday, June 23rd. Noble Financial reaffirmed an "outperform" rating on shares of Geo Group in a research note on Monday, March 24th. Wall Street Zen raised shares of Geo Group from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Jones Trading cut their price target on shares of Geo Group from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, UBS Group set a $35.00 price target on shares of Geo Group in a research note on Monday, March 24th. One equities 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $38.00.

Geo Group Price Performance

GEO stock traded down $0.60 during midday trading on Friday, reaching $24.62. The company had a trading volume of 1,793,089 shares, compared to its average volume of 2,982,081. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.29 and a quick ratio of 1.29. Geo Group Inc has a 1 year low of $11.75 and a 1 year high of $36.46. The company has a market capitalization of $3.48 billion, a P/E ratio of 129.44, a P/E/G ratio of 2.77 and a beta of 0.71. The firm has a 50-day moving average price of $25.79 and a 200-day moving average price of $27.82.

Geo Group (NYSE:GEO - Get Free Report) last released its quarterly earnings results 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 company had revenue of $604.65 million during the quarter, compared to analysts' expectations of $611.81 million. Geo Group had a return on equity of 7.36% and a net margin of 1.19%. During the same period in the prior year, the firm earned $0.14 EPS. On average, research analysts anticipate that Geo Group Inc will post 0.83 earnings per share 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.