Nisa Investment Advisors LLC Purchases 411,565 Shares of The GEO Group, Inc. (NYSE:GEO)

Nisa Investment Advisors LLC raised its position in shares of The GEO Group, Inc. (NYSE:GEO) by 91.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 859,528 shares of the real estate investment trust’s stock after purchasing an additional 411,565 shares during the period. Nisa Investment Advisors LLC’s holdings in The GEO Group were worth $24,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Crossmark Global Holdings Inc. bought a new position in The GEO Group during the fourth quarter valued at $207,000. RoundAngle Advisors LLC purchased a new stake in shares of The GEO Group during the fourth quarter worth $806,000. GAMMA Investing LLC lifted its position in shares of The GEO Group by 18.6% during the fourth quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust’s stock worth $228,000 after acquiring an additional 1,281 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of The GEO Group by 3.5% during the third quarter. B. Riley Wealth Advisors Inc. now owns 201,150 shares of the real estate investment trust’s stock worth $2,607,000 after acquiring an additional 6,850 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in shares of The GEO Group by 27.9% during the third quarter. Tidal Investments LLC now owns 22,000 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 4,800 shares in the last quarter. 76.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on GEO. Wedbush restated an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th. Noble Financial downgraded The GEO Group from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Finally, Northland Securities increased their target price on The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

The GEO Group Trading Down 1.6 %

Shares of GEO stock opened at $34.31 on Thursday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.10. The GEO Group, Inc. has a 52-week low of $11.01 and a 52-week high of $36.46. The company has a market capitalization of $4.80 billion, a PE ratio of 118.30, a price-to-earnings-growth ratio of 2.75 and a beta of 0.87. The business’s fifty day moving average is $29.08 and its 200 day moving average is $19.78.

The GEO Group (NYSE:GEO) last issued its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. The business had revenue of $603.13 million during the quarter, compared to analysts’ expectations of $611.69 million. During the same quarter last year, the business posted $0.19 EPS. On average, equities research analysts anticipate 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.