The GEO Group, Inc. (NYSE:GEO) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its position in The GEO Group, Inc. (NYSE:GEO - Free Report) by 3,023.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 254,740 shares of the real estate investment trust's stock after acquiring an additional 246,585 shares during the period. GAMMA Investing LLC owned about 0.18% of The GEO Group worth $7,441,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Barclays PLC raised its position in shares of The GEO Group by 374.6% during the 3rd quarter. Barclays PLC now owns 216,447 shares of the real estate investment trust's stock worth $2,781,000 after purchasing an additional 170,839 shares during the last quarter. Nations Financial Group Inc. IA ADV acquired a new position in shares of The GEO Group during the 4th quarter worth about $4,770,000. James Investment Research Inc. acquired a new position in shares of The GEO Group during the 4th quarter worth about $215,000. J.W. Cole Advisors Inc. acquired a new position in shares of The GEO Group during the 4th quarter worth about $304,000. Finally, State of New Jersey Common Pension Fund D acquired a new position in shares of The GEO Group during the 4th quarter worth about $2,068,000. Institutional investors and hedge funds own 76.10% of the company's stock.

Insider Activity

In other news, EVP Shayn P. March sold 7,500 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $30.00, for a total value of $225,000.00. Following the completion of the sale, the executive vice president now owns 67,469 shares of the company's stock, valued at $2,024,070. This represents a 10.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.30% of the company's stock.

The GEO Group Stock Up 3.1%

Shares of NYSE GEO opened at $27.00 on Monday. The GEO Group, Inc. has a 12-month low of $11.75 and a 12-month high of $36.46. The stock has a market cap of $3.82 billion, a PE ratio of 93.11, a P/E/G ratio of 2.11 and a beta of 0.76. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25. The company has a 50-day moving average of $28.16 and a 200 day moving average of $28.41.

The GEO Group (NYSE:GEO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. The business had revenue of $604.65 million for the quarter, compared to analysts' expectations of $611.81 million. During the same period in the prior year, the company posted $0.14 EPS. As a group, sell-side analysts predict that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on GEO shares. Noble Financial restated an "outperform" rating on shares of The GEO Group in a research report on Monday, March 24th. Jones Trading reduced their price target on shares of The GEO Group from $55.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Wall Street Zen upgraded shares of The GEO Group from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. UBS Group set a $35.00 price target on shares of The GEO Group in a research report on Monday, March 24th. Finally, Wedbush restated an "outperform" rating and set a $36.00 price target (down previously from $46.00) on shares of The GEO Group in a research report on Thursday, May 8th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, The GEO Group currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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