ProShare Advisors LLC Buys 12,379 Shares of The GEO Group, Inc. (NYSE:GEO)

ProShare Advisors LLC grew its holdings in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 47.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,533 shares of the real estate investment trust's stock after buying an additional 12,379 shares during the period. ProShare Advisors LLC's holdings in The GEO Group were worth $1,078,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. NWI Management LP bought a new position in shares of The GEO Group in the 4th quarter worth $2,479,000. Newbrook Capital Advisors LP bought a new position in shares of The GEO Group in the 4th quarter worth $35,738,000. Morse Asset Management Inc lifted its holdings in shares of The GEO Group by 29.0% in the 4th quarter. Morse Asset Management Inc now owns 6,760 shares of the real estate investment trust's stock worth $189,000 after purchasing an additional 1,520 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in The GEO Group by 6.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,457 shares of the real estate investment trust's stock valued at $2,027,000 after acquiring an additional 4,419 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in The GEO Group by 87.4% during the 4th quarter. Janus Henderson Group PLC now owns 100,370 shares of the real estate investment trust's stock valued at $2,809,000 after acquiring an additional 46,820 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related 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 completion of the sale, the executive vice president now owns 67,469 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. 5.30% of the stock is currently owned by insiders.

The GEO Group Stock Performance

Shares of The GEO Group stock traded up $0.66 during trading hours on Tuesday, hitting $27.49. 1,003,647 shares of the company's stock traded hands, compared to its average volume of 2,872,619. 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 capitalization of $3.89 billion, a price-to-earnings ratio of 94.80, a PEG ratio of 2.11 and a beta of 0.80. The company has a fifty day simple moving average of $28.59 and a 200-day simple moving average of $28.40. 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 (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 for the quarter, missing the consensus estimate of $0.18 by ($0.04). The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. The firm had revenue of $604.65 million during the quarter, compared to analysts' expectations of $611.81 million. During the same period last year, the business posted $0.14 EPS. Equities research analysts anticipate that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Noble Financial restated an "outperform" rating on shares of The GEO Group in a research note on Monday, March 24th. UBS Group set a $35.00 price objective on The GEO Group in a research note on Monday, March 24th. Wedbush restated an "outperform" rating and set a $36.00 price objective (down from $46.00) on shares of The GEO Group in a research note on Thursday, May 8th. Wall Street Zen upgraded The GEO Group from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Jones Trading dropped their price objective 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. One 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 currently has a consensus rating of "Moderate Buy" and an average target price 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.