Beaconlight Capital LLC Purchases 166,106 Shares of The GEO Group, Inc. (NYSE:GEO)

Beaconlight Capital LLC grew its stake in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 216.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,813 shares of the real estate investment trust's stock after buying an additional 166,106 shares during the period. The GEO Group accounts for 2.5% of Beaconlight Capital LLC's portfolio, making the stock its 13th biggest holding. Beaconlight Capital LLC owned 0.17% of The GEO Group worth $6,794,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GEO. Nisa Investment Advisors LLC raised its stake in The GEO Group by 91.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust's stock valued at $24,050,000 after purchasing an additional 411,565 shares during the period. GAMMA Investing LLC lifted its holdings in shares of The GEO Group by 18.6% in the fourth quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust's stock worth $228,000 after buying an additional 1,281 shares in the last quarter. RoundAngle Advisors LLC bought a new position in shares of The GEO Group during the fourth quarter worth $806,000. Pinnbrook Capital Management LP purchased a new position in The GEO Group during the fourth quarter valued at $4,837,000. Finally, Wells Fargo & Company MN increased its holdings in The GEO Group by 17.2% in the 4th quarter. Wells Fargo & Company MN now owns 106,488 shares of the real estate investment trust's stock valued at $2,980,000 after acquiring an additional 15,663 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors.

The GEO Group Trading Down 9.4 %

GEO traded down $2.86 during trading on Wednesday, reaching $27.51. The company had a trading volume of 9,987,522 shares, compared to its average volume of 2,855,942. 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 business has a 50 day simple moving average of $28.31 and a 200-day simple moving average of $27.38. The stock has a market cap of $3.88 billion, a P/E ratio of 94.86, 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 GEO Group (NYSE:GEO - Get Free Report) last released its quarterly 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 GEO Group had a return on equity of 9.20% and a net margin of 2.00%. The firm had revenue of $604.65 million for the quarter, compared to analysts' expectations of $611.81 million. During the same period in the prior year, the firm posted $0.14 earnings per share. On average, equities analysts anticipate that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GEO has been the subject of a number of research analyst reports. StockNews.com lowered The GEO Group from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st. Jones Trading reaffirmed a "buy" rating and issued a $55.00 price objective on shares of The GEO Group in a research note on Friday, March 21st. Wedbush restated an "outperform" rating and issued a $46.00 price target on shares of The GEO Group in a research report on Tuesday, March 18th. UBS Group set a $35.00 price target on shares of The GEO Group in a research note on Monday, March 24th. Finally, Noble Financial reissued an "outperform" rating on shares of The GEO Group in a research note on Monday, March 24th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, The GEO Group presently has an average rating of "Moderate Buy" and a consensus price target of $41.00.

Insider Activity

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of the company's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $30.00, for a total value of $225,000.00. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 5.30% of the company's stock.

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.