7,268 Shares in The GEO Group, Inc. (NYSE:GEO) Purchased by Longboard Asset Management LP

Longboard Asset Management LP purchased a new position in The GEO Group, Inc. (NYSE:GEO) in the 4th quarter, Holdings Channel.com reports. The firm purchased 7,268 shares of the real estate investment trust’s stock, valued at approximately $203,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. U.S. Capital Wealth Advisors LLC acquired a new position in The GEO Group in the fourth quarter worth about $232,000. Journey Strategic Wealth LLC acquired a new position in The GEO Group in the fourth quarter worth about $221,000. Caprock Group LLC acquired a new position in The GEO Group in the fourth quarter worth about $560,000. Perigon Wealth Management LLC acquired a new stake in shares of The GEO Group during the fourth quarter worth approximately $239,000. Finally, KBC Group NV increased its holdings in shares of The GEO Group by 37.2% during the fourth quarter. KBC Group NV now owns 6,023 shares of the real estate investment trust’s stock worth $169,000 after buying an additional 1,632 shares in the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

The GEO Group Stock Performance

Shares of The GEO Group stock opened at $28.60 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $4.00 billion, a P/E ratio of 98.61, a P/E/G ratio of 2.49 and a beta of 0.87. The firm has a 50 day simple moving average of $29.74 and a 200 day simple moving average of $20.76. The GEO Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $36.46.

The GEO Group (NYSE:GEO) last issued its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). The company had revenue of $603.13 million during the quarter, compared to analyst estimates of $611.69 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. During the same period in the prior year, the business earned $0.19 EPS. Sell-side analysts predict that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.