Veracity Capital LLC Makes New Investment in The GEO Group, Inc. (NYSE:GEO)

Veracity Capital LLC purchased a new stake in The GEO Group, Inc. (NYSE:GEO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,879 shares of the real estate investment trust's stock, valued at approximately $464,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SRS Capital Advisors Inc. boosted its holdings in The GEO Group by 160.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 720 shares during the period. Smartleaf Asset Management LLC raised its stake in 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 valued at $42,000 after purchasing an additional 915 shares during the last quarter. NewEdge Advisors LLC bought a new stake in The GEO Group in the 4th quarter valued at $29,000. Tyler Stone Wealth Management grew its position in The GEO Group by 8.4% in the 4th quarter. Tyler Stone Wealth Management now owns 13,314 shares of the real estate investment trust's stock worth $373,000 after purchasing an additional 1,030 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of The GEO Group by 3.3% during the 4th quarter. Arizona State Retirement System now owns 40,537 shares of the real estate investment trust's stock worth $1,134,000 after purchasing an additional 1,289 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Shayn P. March sold 7,500 shares of The GEO Group stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $30.00, for a total transaction of $225,000.00. Following the transaction, the executive vice president now directly owns 67,469 shares of the company's stock, valued at $2,024,070. This trade represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.60% of the company's stock.

The GEO Group Price Performance

The GEO Group stock traded down $0.55 during mid-day trading on Thursday, hitting $26.24. 4,588,371 shares of the company were exchanged, compared to its average volume of 2,878,760. The business has a fifty day moving average of $28.28 and a 200 day moving average of $28.42. 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 1-year low of $11.75 and a 1-year high of $36.46. The company has a market capitalization of $3.71 billion, a PE ratio of 90.48, a price-to-earnings-growth ratio of 2.11 and a beta of 0.76.

The GEO Group (NYSE:GEO - Get Free Report) last posted 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 firm had revenue of $604.65 million for the quarter, compared to analyst estimates of $611.81 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. During the same period in the previous year, the business posted $0.14 EPS. As a group, sell-side analysts expect that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wedbush reissued an "outperform" rating and set a $36.00 price objective (down previously from $46.00) on shares of The GEO Group in a report on Thursday, May 8th. Jones Trading decreased their price target on shares of 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. UBS Group set a $35.00 price objective on shares of The GEO Group in a research note on Monday, March 24th. 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. Finally, Noble Financial reissued an "outperform" rating on shares of The GEO Group in a research report on Monday, March 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, The GEO Group has an average rating of "Moderate Buy" and an average target price of $38.00.

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.