Jones Financial Companies Lllp Acquires 2,034 Shares of The GEO Group, Inc. (NYSE:GEO)

Jones Financial Companies Lllp lifted its position in The GEO Group, Inc. (NYSE:GEO) by 182.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,148 shares of the real estate investment trust’s stock after purchasing an additional 2,034 shares during the period. Jones Financial Companies Lllp’s holdings in The GEO Group were worth $88,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of The GEO Group in the third quarter worth $25,000. SRS Capital Advisors Inc. increased its stake in shares of The GEO Group by 160.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 720 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of The GEO Group by 149.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 915 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of The GEO Group in the third quarter worth $67,000. Finally, Quarry LP purchased a new stake in shares of The GEO Group in the third quarter worth $77,000. 76.10% of the stock is owned by hedge funds and other institutional investors.

The GEO Group Stock Performance

GEO opened at $26.66 on Monday. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 91.94, a PEG ratio of 2.11 and a beta of 0.91. The company has a fifty day moving average of $28.83 and a 200 day moving average of $23.25. The GEO Group, Inc. has a fifty-two week low of $11.75 and a fifty-two week high of $36.46. 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 (NYSE:GEO) last posted its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $607.45 million. As a group, sell-side analysts forecast that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GEO. UBS Group set a $32.00 price objective on shares of The GEO Group in a research note on Wednesday, March 5th. Wedbush reaffirmed an “outperform” rating on shares of The GEO Group in a research note on Tuesday, December 17th. Finally, Noble Financial raised shares of The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research note on Wednesday, March 5th.

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.