11,192 Shares in The GEO Group, Inc. (NYSE:GEO) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of The GEO Group, Inc. (NYSE:GEO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,192 shares of the real estate investment trust’s stock, valued at approximately $313,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning increased its stake in The GEO Group by 9.0% during the 3rd quarter. Creative Planning now owns 11,096 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 919 shares during the period. GAMMA Investing LLC increased its position in shares of The GEO Group by 18.6% in the 4th quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust’s stock worth $228,000 after purchasing an additional 1,281 shares during the last quarter. KBC Group NV increased its position in shares of The GEO Group by 37.2% in the 4th quarter. KBC Group NV now owns 6,023 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 1,632 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of The GEO Group in the 3rd quarter worth about $25,000. Finally, Rothschild Investment LLC increased its position in shares of The GEO Group by 6,800.0% in the 4th quarter. Rothschild Investment LLC now owns 4,140 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 4,080 shares during the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

The GEO Group Stock Performance

GEO stock opened at $23.60 on Wednesday. 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 company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 81.38, a P/E/G ratio of 2.11 and a beta of 0.91. The GEO Group, Inc. has a 12 month low of $11.75 and a 12 month high of $36.46. The firm has a 50 day moving average of $28.98 and a two-hundred day moving average of $22.99.

The GEO Group (NYSE:GEO) last posted its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). The firm had revenue of $607.72 million for the quarter, compared to the consensus estimate of $607.45 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. As a group, equities analysts anticipate that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Analyst Ratings Changes

GEO has been the subject of several research reports. UBS Group set a $32.00 price target on shares of The GEO Group in a report on Wednesday, March 5th. Wedbush reaffirmed an “outperform” rating on shares of The GEO Group in a report 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 price target for the company in a report on Wednesday, March 5th.

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.