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

GAMMA Investing LLC increased its stake in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 3,023.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GEO. Geode Capital Management LLC grew its position in shares of The 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 during the period. Point72 Asset Management L.P. grew its holdings in The 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 buying an additional 1,422,676 shares in the last quarter. Discovery Capital Management LLC CT grew its holdings in The GEO Group by 375.2% in the 4th quarter. Discovery Capital Management LLC CT now owns 1,839,500 shares of the real estate investment trust's stock valued at $51,469,000 after buying an additional 1,452,400 shares in the last quarter. Northern Trust Corp increased its stake in shares of The GEO Group by 12.6% in 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 raised its holdings in shares of The 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 during the period. 76.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Jones Trading dropped 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 note on Thursday, May 8th. UBS Group set a $35.00 price objective on The GEO Group in a research report on Monday, March 24th. Wall Street Zen raised The GEO Group from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Wedbush reaffirmed an "outperform" rating and issued a $36.00 price target (down previously from $46.00) on shares of The GEO Group in a research note on Thursday, May 8th. Finally, Noble Financial reiterated an "outperform" rating on shares of The GEO Group in a report on Monday, March 24th. One investment 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 GEO Group has an average rating of "Moderate Buy" and a consensus target price of $38.00.

The GEO Group Trading Up 1.5%

The GEO Group stock traded up $0.38 during trading on Thursday, hitting $26.50. The company had a trading volume of 2,086,353 shares, compared to its average volume of 2,879,821. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 91.38, a price-to-earnings-growth 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 GEO Group, Inc. has a 1-year low of $11.75 and a 1-year high of $36.46. The company's 50 day simple moving average is $28.05 and its 200-day simple moving average is $28.37.

The GEO Group (NYSE:GEO - Get Free Report) last issued 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 firm had revenue of $604.65 million during the quarter, compared to analyst estimates 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 in the previous year, the firm posted $0.14 earnings per share. As a group, analysts expect that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Shayn P. March sold 7,500 shares of the business's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $30.00, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.30% of the stock is owned by insiders.

The GEO Group 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.