Illinois Municipal Retirement Fund Has $825,000 Stock Position in The GEO Group, Inc. (NYSE:GEO)

Illinois Municipal Retirement Fund increased its holdings in shares of The GEO Group, Inc. (NYSE:GEO) by 7.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 76,146 shares of the real estate investment trust’s stock after purchasing an additional 5,581 shares during the period. Illinois Municipal Retirement Fund’s holdings in The GEO Group were worth $825,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Aigen Investment Management LP raised its stake in The GEO Group by 320.2% in the 3rd quarter. Aigen Investment Management LP now owns 118,596 shares of the real estate investment trust’s stock valued at $970,000 after acquiring an additional 90,369 shares during the period. River Road Asset Management LLC acquired a new position in shares of The GEO Group in the fourth quarter valued at $32,230,000. Charles Schwab Investment Management Inc. raised its position in shares of The GEO Group by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,949,240 shares of the real estate investment trust’s stock valued at $24,125,000 after purchasing an additional 40,079 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of The GEO Group during the 3rd quarter worth about $116,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of The GEO Group during the 3rd quarter worth about $11,113,000. 76.10% of the stock is owned by institutional investors and hedge funds.

The GEO Group Stock Performance

GEO opened at $15.03 on Tuesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.21 and a quick ratio of 1.21. The business has a fifty day simple moving average of $13.69 and a 200 day simple moving average of $11.51. The GEO Group, Inc. has a 1 year low of $6.94 and a 1 year high of $16.31. The company has a market capitalization of $1.91 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 1.47 and a beta of 0.62.

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

Wall Street Analysts Forecast Growth

Separately, Wedbush increased their price target 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 transaction of $37,500.00. Following the transaction, the chief financial officer now owns 67,830 shares in the company, valued at approximately $1,017,450. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.00% of the company’s stock.

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.