Two Sigma Investments LP Purchases 349,833 Shares of The GEO Group, Inc. (NYSE:GEO)

Two Sigma Investments LP raised its holdings in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 1,251.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 377,793 shares of the real estate investment trust's stock after acquiring an additional 349,833 shares during the quarter. Two Sigma Investments LP owned approximately 0.27% of The GEO Group worth $10,571,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GEO. NewEdge Advisors LLC bought a new position in shares of The GEO Group during the 4th quarter worth approximately $29,000. SRS Capital Advisors Inc. grew its stake in shares of 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 acquiring an additional 720 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of The GEO Group by 149.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust's stock worth $42,000 after acquiring an additional 915 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of The GEO Group by 182.6% during the 4th quarter. Jones Financial Companies Lllp now owns 3,148 shares of the real estate investment trust's stock worth $88,000 after acquiring an additional 2,034 shares in the last quarter. Finally, Rothschild Investment LLC grew its stake in shares of The GEO Group by 6,800.0% during the 4th quarter. Rothschild Investment LLC now owns 4,140 shares of the real estate investment trust's stock worth $116,000 after acquiring an additional 4,080 shares in the last quarter. 76.10% of the stock is owned by institutional investors.

Insider Buying and Selling at The GEO Group

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

The GEO Group Stock Performance

The GEO Group stock traded down $0.55 during mid-day trading on Wednesday, hitting $26.95. 2,080,409 shares of the company's stock traded hands, compared to its average volume of 2,872,118. The GEO Group, Inc. has a fifty-two week low of $11.75 and a fifty-two week high of $36.46. 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 stock has a market cap of $3.81 billion, a price-to-earnings ratio of 92.93, a P/E/G ratio of 2.11 and a beta of 0.80. The firm has a 50 day simple moving average of $28.56 and a two-hundred day simple moving average of $28.40.

The GEO Group (NYSE:GEO - Get Free Report) last released its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $611.81 million. During the same quarter in the prior year, the firm earned $0.14 EPS. On average, research analysts expect that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on GEO. Wedbush reissued an "outperform" rating and issued a $36.00 target price (down from $46.00) on shares of The GEO Group in a research note on Thursday, May 8th. Jones Trading cut their price target on The GEO Group from $55.00 to $50.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Noble Financial reaffirmed an "outperform" rating on shares of The GEO Group in a report on Monday, March 24th. Wall Street Zen raised The GEO Group from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Finally, UBS Group set a $35.00 price target on The GEO Group in a report on Monday, March 24th. One equities research 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 company has an average rating of "Moderate Buy" and an average price target of $38.00.

The 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.