4,319 Shares in The GEO Group, Inc. (NYSE:GEO) Acquired by GAMMA Investing LLC

GAMMA Investing LLC acquired a new stake in shares of The GEO Group, Inc. (NYSE:GEO) in the fourth quarter, Holdings Channel reports. The firm acquired 4,319 shares of the real estate investment trust’s stock, valued at approximately $48,000.

Other hedge funds have also added to or reduced their stakes in the company. Aigen Investment Management LP raised its position in shares of 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 worth $970,000 after purchasing an additional 90,369 shares during the last quarter. Illinois Municipal Retirement Fund bought a new stake in The GEO Group during the 3rd quarter valued at about $577,000. River Road Asset Management LLC purchased a new position in The GEO Group in the fourth quarter worth about $32,230,000. Louisiana State Employees Retirement System bought a new position in shares of The GEO Group in the fourth quarter worth approximately $662,000. Finally, Charles Schwab Investment Management Inc. lifted its stake 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 worth $24,125,000 after buying an additional 40,079 shares in the last quarter. 76.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other The GEO Group news, CFO Shayn P. March sold 2,500 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer now directly 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 available through this link. 5.30% of the stock is currently owned by corporate insiders.

The GEO Group Trading Up 1.6 %

Shares of NYSE:GEO opened at $14.98 on Friday. 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 GEO Group, Inc. has a 1 year low of $6.94 and a 1 year high of $16.31. The company has a market cap of $1.90 billion, a P/E ratio of 19.71, a PEG ratio of 1.45 and a beta of 0.59. The stock’s fifty day moving average price is $13.80 and its 200-day moving average price is $11.58.

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 (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.11. The GEO Group had a net margin of 4.72% and a return on equity of 9.43%. The business had revenue of $608.28 million for the quarter, compared to analysts’ expectations of $597.47 million. During the same quarter in the prior year, the business earned $0.58 EPS. Sell-side analysts expect that The GEO Group, Inc. will post 1.01 earnings per share for the current year.

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.