Pacific Point Advisors LLC Acquires New Position in The GEO Group, Inc. (NYSE:GEO)

Pacific Point Advisors LLC acquired a new stake in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,000 shares of the real estate investment trust's stock, valued at approximately $560,000.

Other large investors have also modified their holdings of the company. NewEdge Advisors LLC purchased a new stake in shares of The GEO Group during the fourth quarter valued at $29,000. SRS Capital Advisors Inc. raised its holdings in The 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 during the period. Smartleaf Asset Management LLC lifted its stake in The GEO Group by 149.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 915 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in The 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 buying an additional 2,034 shares in the last quarter. Finally, Rothschild Investment LLC boosted its stake in The GEO Group by 6,800.0% in the 4th quarter. Rothschild Investment LLC now owns 4,140 shares of the real estate investment trust's stock worth $116,000 after purchasing an additional 4,080 shares during the period. 76.10% of the stock is owned by institutional investors.

The GEO Group Stock Performance

NYSE:GEO traded down $0.40 on Wednesday, reaching $27.11. 713,992 shares of the company's stock were exchanged, compared to its average volume of 2,866,888. The stock has a fifty day simple moving average of $28.56 and a 200-day simple moving average of $28.40. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 93.39, a P/E/G ratio of 2.11 and a beta of 0.80. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10. The GEO Group, Inc. has a 52 week low of $11.75 and a 52 week high of $36.46.

The 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.04). The company had revenue of $604.65 million for the quarter, compared to analysts' expectations of $611.81 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. During the same period last year, the company posted $0.14 EPS. As a group, sell-side analysts predict that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Shayn P. March sold 7,500 shares of the firm's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $30.00, for a total transaction of $225,000.00. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 5.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GEO. Jones Trading lowered their target price on The 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 reaffirmed an "outperform" rating on shares of The GEO Group in a research note on Monday, March 24th. Wall Street Zen upgraded shares of The GEO Group from a "sell" rating to a "hold" rating in a report on Friday, May 9th. UBS Group set a $35.00 price objective on The GEO Group in a report on Monday, March 24th. Finally, Wedbush reissued an "outperform" rating and set a $36.00 target price (down from $46.00) on shares of The GEO Group in a report on Thursday, May 8th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $38.00.

About The 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.