88,600 Shares in The GEO Group, Inc. (NYSE:GEO) Purchased by NWI Management LP

NWI Management LP purchased a new position in The GEO Group, Inc. (NYSE:GEO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 88,600 shares of the real estate investment trust's stock, valued at approximately $2,479,000. NWI Management LP owned about 0.06% of The GEO Group at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GEO. Nisa Investment Advisors LLC raised its stake in shares of The GEO Group by 91.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust's stock valued at $24,050,000 after acquiring an additional 411,565 shares during the last quarter. RoundAngle Advisors LLC acquired a new position in shares of The GEO Group in the 4th quarter valued at approximately $806,000. Pinnbrook Capital Management LP bought a new stake in shares of The GEO Group in the fourth quarter valued at about $4,837,000. Wells Fargo & Company MN lifted its position in shares of The GEO Group by 17.2% in the fourth quarter. Wells Fargo & Company MN now owns 106,488 shares of the real estate investment trust's stock worth $2,980,000 after purchasing an additional 15,663 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in The GEO Group during the fourth quarter worth about $2,068,000. Institutional investors own 76.10% of the company's stock.

The GEO Group Trading Up 2.6%

GEO traded up $0.68 during trading on Monday, hitting $27.05. 615,317 shares of the stock traded hands, compared to its average volume of 2,865,469. The firm has a 50-day moving average of $28.52 and a 200 day moving average of $28.07. The firm has a market capitalization of $3.82 billion, a P/E ratio of 93.20, a price-to-earnings-growth ratio of 2.11 and a beta of 0.80. 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, Inc. has a 12-month low of $11.75 and a 12-month high of $36.46.

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 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). The business had revenue of $604.65 million for 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 period in the previous year, the firm earned $0.14 EPS. Equities research analysts anticipate that The GEO Group, Inc. will post 0.83 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on GEO. Wedbush restated an "outperform" rating and issued a $36.00 price target (down previously from $46.00) on shares of The GEO Group in a research note on Thursday, May 8th. StockNews.com upgraded The GEO Group from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. UBS Group set a $35.00 target price on The GEO Group in a report on Monday, March 24th. Noble Financial restated an "outperform" rating on shares of The GEO Group in a research note on Monday, March 24th. Finally, Jones Trading decreased 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $38.00.

Insider Activity

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president now owns 67,469 shares in the company, valued at approximately $2,024,070. This trade represents a 10.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.30% of the company's stock.

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.