SG Americas Securities LLC Acquires Shares of 33,045 Geo Group Inc (The) (NYSE:GEO)

SG Americas Securities LLC acquired a new stake in Geo Group Inc (The) (NYSE:GEO - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 33,045 shares of the real estate investment trust's stock, valued at approximately $965,000.

A number of other large investors have also bought and sold shares of GEO. Geode Capital Management LLC lifted its holdings in shares of Geo Group by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 3,051,384 shares of the real estate investment trust's stock valued at $85,398,000 after purchasing an additional 35,281 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in Geo Group by 202.6% in 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 acquiring an additional 1,422,676 shares in the last quarter. Discovery Capital Management LLC CT boosted its position in Geo Group by 375.2% during the 4th quarter. Discovery Capital Management LLC CT now owns 1,839,500 shares of the real estate investment trust's stock worth $51,469,000 after acquiring an additional 1,452,400 shares during the last quarter. Northern Trust Corp boosted its position in Geo Group by 12.6% during the 4th quarter. Northern Trust Corp now owns 1,522,360 shares of the real estate investment trust's stock worth $42,596,000 after acquiring an additional 170,248 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of Geo Group by 5.8% during the 4th quarter. Allianz Asset Management GmbH now owns 1,491,209 shares of the real estate investment trust's stock worth $41,724,000 after acquiring an additional 82,341 shares in the last quarter. 76.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GEO. Wedbush reissued an "outperform" rating and issued a $36.00 price objective (down previously from $46.00) on shares of Geo Group in a research report on Thursday, May 8th. Wall Street Zen upgraded shares of Geo Group from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. UBS Group set a $35.00 price objective on shares of Geo Group in a research note on Monday, March 24th. Noble Financial restated an "outperform" rating on shares of Geo Group in a report on Monday, March 24th. Finally, Jones Trading lowered their target price on Geo Group from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $38.00.

Insiders Place Their Bets

In other Geo Group news, EVP Shayn P. March sold 7,500 shares of Geo Group stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $30.00, for a total value of $225,000.00. Following the completion of the transaction, the executive vice president now directly owns 67,469 shares of the company's stock, valued at $2,024,070. The trade was a 10.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.30% of the company's stock.

Geo Group Stock Performance

Shares of NYSE GEO traded down $0.93 during midday trading on Friday, hitting $23.24. 5,228,668 shares of the company's stock were exchanged, compared to its average volume of 2,916,810. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $3.29 billion, a PE ratio of 122.34, a price-to-earnings-growth ratio of 2.61 and a beta of 0.76. Geo Group Inc has a 12 month low of $11.75 and a 12 month high of $36.46. The company's 50 day moving average price is $27.60 and its 200 day moving average price is $28.20.

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 the consensus estimate of $0.18 by ($0.04). The company 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 firm earned $0.14 earnings per share. As a group, analysts predict 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.