Twinbeech Capital LP Buys 191,510 Shares of The GEO Group, Inc. (NYSE:GEO)

Twinbeech Capital LP lifted its stake in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 398.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 239,627 shares of the real estate investment trust's stock after purchasing an additional 191,510 shares during the period. Twinbeech Capital LP owned 0.17% of The GEO Group worth $6,705,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in GEO. Discovery Capital Management LLC CT increased its holdings in shares of The 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. Point72 Asset Management L.P. increased its holdings in shares of The GEO Group by 202.6% during the 4th quarter. Point72 Asset Management L.P. now owns 2,124,783 shares of the real estate investment trust's stock worth $59,451,000 after acquiring an additional 1,422,676 shares during the last quarter. Newbrook Capital Advisors LP acquired a new position in shares of The GEO Group during the 4th quarter worth approximately $35,738,000. BlueCrest Capital Management Ltd acquired a new position in The GEO Group in the 4th quarter valued at $34,456,000. Finally, Forest Avenue Capital Management LP acquired a new position in The GEO Group in the 4th quarter valued at $20,197,000. 76.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at The GEO Group

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of the 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 transaction, the executive vice president now directly owns 67,469 shares in the company, valued at approximately $2,024,070. This trade represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.30% of the company's stock.

The GEO Group Price Performance

Shares of GEO stock opened at $27.53 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The GEO Group, Inc. has a twelve month low of $11.75 and a twelve month high of $36.46. The company has a market cap of $3.89 billion, a P/E ratio of 94.93, a P/E/G ratio of 2.11 and a beta of 0.80. The business has a fifty day simple moving average of $28.55 and a 200 day simple moving average of $28.16.

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 business had revenue of $604.65 million for the quarter, compared to the consensus estimate of $611.81 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. On average, sell-side analysts forecast that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wedbush reaffirmed an "outperform" rating and issued a $36.00 price objective (down from $46.00) on shares of The GEO Group in a report on Thursday, May 8th. Noble Financial reissued an "outperform" rating on shares of The GEO Group in a report on Monday, March 24th. StockNews.com raised The GEO Group from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Jones Trading reduced their target price on The GEO Group from $55.00 to $50.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, UBS Group set a $35.00 target price on The GEO Group in a report on Monday, March 24th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, The GEO Group has a consensus rating of "Moderate Buy" and a consensus 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.

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