Cannell & Spears LLC Purchases New Stake in The GEO Group, Inc. (NYSE:GEO)

Cannell & Spears LLC bought a new position in The GEO Group, Inc. (NYSE:GEO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,765 shares of the real estate investment trust’s stock, valued at approximately $693,000.

Several other institutional investors have also made changes to their positions in GEO. Wellington Management Group LLP acquired a new stake in The GEO Group in the 4th quarter worth approximately $17,685,000. Level Four Advisory Services LLC bought a new position in shares of The GEO Group during the 4th quarter worth about $228,000. Pictet Asset Management Holding SA raised its holdings in The GEO Group by 7.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 19,892 shares of the real estate investment trust’s stock valued at $557,000 after acquiring an additional 1,397 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of The GEO Group in the fourth quarter valued at $590,000. Finally, Tyler Stone Wealth Management boosted its position in shares of The GEO Group by 8.4% during the 4th quarter. Tyler Stone Wealth Management now owns 13,314 shares of the real estate investment trust’s stock valued at $373,000 after acquiring an additional 1,030 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at The GEO Group

In related news, EVP Shayn P. March sold 7,500 shares of the business’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 completion of the transaction, the executive vice president now owns 67,469 shares of the company’s stock, valued at approximately $2,024,070. The trade was a 10.00 % decrease in their ownership of the stock. The sale 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.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Jones Trading reaffirmed a “buy” rating and set a $55.00 price objective on shares of The GEO Group in a report on Friday, March 21st. Noble Financial restated an “outperform” rating on shares of The GEO Group in a research report on Monday, March 24th. 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 target price on shares of The GEO Group in a report on Monday, March 24th. Finally, StockNews.com cut The GEO Group from a “hold” rating to a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, The GEO Group has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

The GEO Group Trading Down 0.1 %

Shares of GEO stock opened at $29.28 on Tuesday. 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 fifty-two week low of $11.75 and a fifty-two week high of $36.46. The stock has a 50 day simple moving average of $28.08 and a two-hundred day simple moving average of $24.44. The company has a market cap of $4.13 billion, a P/E ratio of 100.98, a PEG ratio of 2.11 and a beta of 0.91.

The GEO Group (NYSE:GEO) last released its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. The company had revenue of $607.72 million during the quarter, compared to analysts’ expectations of $607.45 million. Research analysts forecast that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

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.