State of Tennessee Department of Treasury Purchases 24,824 Shares of The GEO Group, Inc. (NYSE:GEO)

State of Tennessee Department of Treasury grew its stake in The GEO Group, Inc. (NYSE:GEO - Free Report) by 77.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,794 shares of the real estate investment trust's stock after acquiring an additional 24,824 shares during the quarter. State of Tennessee Department of Treasury's holdings in The GEO Group were worth $1,589,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. NewEdge Advisors LLC purchased a new stake in shares of The GEO Group during the 4th quarter worth $29,000. SRS Capital Advisors Inc. lifted its position in The GEO Group by 160.0% during 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 stake in shares of The GEO Group by 149.5% in 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 period. Jones Financial Companies Lllp increased 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 purchasing an additional 2,034 shares during the period. Finally, Rothschild Investment LLC raised its position in The GEO Group by 6,800.0% in the fourth quarter. Rothschild Investment LLC now owns 4,140 shares of the real estate investment trust's stock worth $116,000 after acquiring an additional 4,080 shares in the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

The GEO Group Trading Up 0.3 %

Shares of GEO stock traded up $0.11 during trading hours on Friday, reaching $31.65. 2,105,492 shares of the stock traded hands, compared to its average volume of 2,820,319. The GEO Group, Inc. has a 1-year low of $11.75 and a 1-year high of $36.46. 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 firm has a market capitalization of $4.46 billion, a PE ratio of 109.14, a PEG ratio of 2.11 and a beta of 0.78. The business has a fifty day moving average price of $28.14 and a 200 day moving average price of $27.08.

The GEO Group (NYSE:GEO - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The company had revenue of $607.72 million for the quarter, compared to analysts' expectations of $607.45 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. On average, equities research analysts forecast that The GEO Group, Inc. will post 0.83 EPS for the current year.

Insiders Place Their Bets

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of the business's 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 transaction, the executive vice president now directly owns 67,469 shares in the company, valued at $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 available at this hyperlink. Company 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.