Wellington Management Group LLP Makes New $17.69 Million Investment in The GEO Group, Inc. (NYSE:GEO)

Wellington Management Group LLP acquired a new stake in The GEO Group, Inc. (NYSE:GEO - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 632,075 shares of the real estate investment trust's stock, valued at approximately $17,685,000. Wellington Management Group LLP owned approximately 0.45% of The GEO Group at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Discovery Capital Management LLC CT grew its stake in The GEO Group by 375.2% during the fourth 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 acquiring an additional 1,452,400 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of The GEO Group by 202.6% during the fourth 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 in the last quarter. Newbrook Capital Advisors LP bought a new stake in The GEO Group in the fourth quarter worth $35,738,000. BlueCrest Capital Management Ltd purchased a new stake in The GEO Group during the 4th quarter valued at about $34,456,000. Finally, Forest Avenue Capital Management LP bought a new stake in The GEO Group in the 4th quarter worth $20,197,000. 76.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GEO. Jones Trading cut their target price 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 target on The GEO Group in a report on Monday, March 24th. Wall Street Zen raised shares of The GEO Group from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Noble Financial reaffirmed an "outperform" rating on shares of The GEO Group in a research report on Monday, March 24th. Finally, Wedbush reiterated an "outperform" rating and issued a $36.00 price target (down from $46.00) on shares of The GEO Group in a research report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, The GEO Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.00.

Insiders Place Their Bets

In related news, EVP Shayn P. March sold 7,500 shares of the business's 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 sale, the executive vice president now directly owns 67,469 shares in the company, valued at approximately $2,024,070. The trade was a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.30% of the stock is currently owned by company insiders.

The GEO Group Stock Performance

Shares of NYSE:GEO traded down $0.16 during mid-day trading on Tuesday, reaching $26.92. 2,136,147 shares of the company traded hands, compared to its average volume of 2,880,961. The company's 50 day moving average price is $28.40 and its 200-day moving average price is $28.44. The firm has a market cap of $3.80 billion, a PE ratio of 92.82, a PEG ratio of 2.11 and a beta of 0.80. The GEO Group, Inc. has a 52 week low of $11.75 and a 52 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 GEO Group (NYSE:GEO - Get Free Report) last posted its quarterly earnings results 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 the consensus estimate 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 quarter in the previous year, the company earned $0.14 earnings per share. On average, equities analysts expect that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

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.