Point72 Asset Management L.P. Has $59.45 Million Stake in The GEO Group, Inc. (NYSE:GEO)

Point72 Asset Management L.P. boosted its stake in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 202.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,124,783 shares of the real estate investment trust's stock after purchasing an additional 1,422,676 shares during the quarter. Point72 Asset Management L.P. owned about 1.52% of The GEO Group worth $59,451,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC acquired a new stake in shares of The GEO Group in the fourth quarter worth $29,000. SRS Capital Advisors Inc. raised its holdings in The GEO Group by 160.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 720 shares during the period. Smartleaf Asset Management LLC lifted its position 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 worth $42,000 after acquiring an additional 915 shares during the last quarter. Jones Financial Companies Lllp lifted its position in The GEO Group by 182.6% during the 4th quarter. Jones Financial Companies Lllp now owns 3,148 shares of the real estate investment trust's stock worth $88,000 after acquiring an additional 2,034 shares during the last quarter. Finally, Rothschild Investment LLC boosted its holdings in The GEO Group by 6,800.0% during the fourth quarter. Rothschild Investment LLC now owns 4,140 shares of the real estate investment trust's stock valued at $116,000 after acquiring an additional 4,080 shares during the period. Institutional investors own 76.10% of the company's stock.

The GEO Group Stock Performance

The GEO Group stock traded up $1.16 during trading hours on Monday, hitting $27.53. The stock had a trading volume of 2,189,779 shares, compared to its average volume of 2,871,621. The company has a 50-day moving average of $28.52 and a two-hundred day moving average of $28.07. 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 fifty-two week low of $11.75 and a fifty-two week high of $36.46. The company has a market cap of $3.89 billion, a PE ratio of 94.93, a price-to-earnings-growth ratio of 2.11 and a beta of 0.80.

The GEO Group (NYSE:GEO - Get Free Report) last issued its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.14 EPS 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 analyst estimates of $611.81 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. During the same quarter in the previous year, the company posted $0.14 earnings per share. On average, equities research analysts anticipate that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts 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 research report on Thursday, May 8th. Noble Financial reaffirmed an "outperform" rating on shares of The GEO Group in a research report on Monday, March 24th. StockNews.com raised 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 price objective on shares of The GEO Group in a research note on Monday, March 24th. Finally, Jones Trading cut their target price on shares of The GEO Group from $55.00 to $50.00 and set a "buy" rating for the company in a research note 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $38.00.

Insider Buying and Selling at The GEO Group

In related news, EVP Shayn P. March sold 7,500 shares of the stock in a transaction dated Thursday, March 27th. The shares were 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 owns 67,469 shares of the company's stock, valued at $2,024,070. This represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.30% of the company's stock.

About The GEO Group

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.