Neo Ivy Capital Management Makes New Investment in Geo Group Inc (The) (NYSE:GEO)

Key Points

• Neo Ivy Capital Management acquired 18,998 shares of Geo Group Inc, valued at approximately $555,000, marking a new stake for the company during the 1st quarter.
• The stock data indicates Geo Group has a market cap of $3.69 billion and a recent 6.3% stock price increase, opening at $26.09.
• Analysts have a consensus rating of "Moderate Buy" for Geo Group, with an average price target set at $38.00, despite the company missing its quarterly earnings estimates.

Neo Ivy Capital Management purchased a new position in shares of Geo Group Inc (The) (NYSE:GEO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,998 shares of the real estate investment trust's stock, valued at approximately $555,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC bought a new position in shares of Geo Group during the 4th quarter valued at about $29,000. NBC Securities Inc. purchased a new position in Geo Group in the first quarter valued at about $58,000. Morse Asset Management Inc lifted its position in shares of Geo Group by 29.0% in the fourth quarter. Morse Asset Management Inc now owns 6,760 shares of the real estate investment trust's stock worth $189,000 after buying an additional 1,520 shares during the last quarter. Mariner LLC acquired a new stake in shares of Geo Group in the fourth quarter valued at about $208,000. Finally, Highland Capital Management LLC acquired a new stake in Geo Group in the 1st quarter worth $210,000. 76.10% of the stock is currently owned by institutional investors.

Geo Group Trading Up 0.6%

GEO stock traded up $0.16 during midday trading on Wednesday, reaching $25.72. The company's stock had a trading volume of 543,269 shares, compared to its average volume of 2,984,443. The business's 50-day simple moving average is $25.50 and its 200-day simple moving average is $27.56. The stock has a market cap of $3.63 billion, a PE ratio of 135.20, a price-to-earnings-growth ratio of 2.82 and a beta of 0.71. Geo Group Inc has a 52 week low of $11.75 and a 52 week high of $36.46. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.24.

Geo Group (NYSE:GEO - Get Free Report) last announced its quarterly 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). The firm had revenue of $604.65 million during the quarter, compared to analyst estimates 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 business earned $0.14 earnings per share. As a group, sell-side analysts expect that Geo Group Inc will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GEO shares. Jones Trading reduced their price objective on shares of Geo Group from $55.00 to $50.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Wedbush reissued an "outperform" rating and set a $36.00 price objective on shares of Geo Group in a report on Monday, June 23rd. Finally, Wall Street Zen raised shares of Geo Group from a "sell" rating to a "hold" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $38.00.

Geo Group Company 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.