Louisiana State Employees Retirement System Invests $662,000 in The GEO Group, Inc. (NYSE:GEO)

Louisiana State Employees Retirement System purchased a new position in shares of The GEO Group, Inc. (NYSE:GEO) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 61,100 shares of the real estate investment trust’s stock, valued at approximately $662,000.

Several other hedge funds have also made changes to their positions in GEO. Byrne Asset Management LLC raised its holdings in The GEO Group by 47.8% in the fourth quarter. Byrne Asset Management LLC now owns 6,800 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 2,200 shares in the last quarter. Tectonic Advisors LLC raised its holdings in The GEO Group by 6.1% in the third quarter. Tectonic Advisors LLC now owns 43,151 shares of the real estate investment trust’s stock valued at $353,000 after acquiring an additional 2,498 shares in the last quarter. Versor Investments LP raised its holdings in The GEO Group by 21.0% in the third quarter. Versor Investments LP now owns 24,783 shares of the real estate investment trust’s stock valued at $203,000 after acquiring an additional 4,300 shares in the last quarter. Swiss National Bank raised its holdings in The GEO Group by 2.1% in the third quarter. Swiss National Bank now owns 277,000 shares of the real estate investment trust’s stock valued at $2,266,000 after acquiring an additional 5,800 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in The GEO Group by 27.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 43,512 shares of the real estate investment trust’s stock valued at $356,000 after acquiring an additional 9,501 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 $14.87 on Monday. The firm has a market capitalization of $1.89 billion, a P/E ratio of 19.57, a P/E/G ratio of 1.47 and a beta of 0.62. The GEO Group, Inc. has a 52 week low of $6.94 and a 52 week high of $16.31. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.34. The firm’s 50 day moving average is $13.63 and its two-hundred day moving average is $11.47.

The GEO Group (NYSE:GEO) last announced its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.29 EPS for the quarter, beating the consensus estimate of $0.18 by $0.11. The company had revenue of $608.28 million for the quarter, compared to analyst estimates of $597.47 million. The GEO Group had a net margin of 4.72% and a return on equity of 9.43%. During the same period in the prior year, the firm posted $0.58 earnings per share. Research analysts forecast that The GEO Group, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wedbush raised their target price on shares of The GEO Group from $15.00 to $22.00 and gave the company an “outperform” rating in a report on Monday, April 8th.

Insider Buying and Selling at The GEO Group

In other The GEO Group news, CFO Shayn P. March sold 2,500 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $15.00, for a total value of $37,500.00. Following the transaction, the chief financial officer now directly owns 67,830 shares in the company, valued at $1,017,450. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.30% of the stock is currently owned by insiders.

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.