Caxton Associates LP Makes New Investment in The GEO Group, Inc. (NYSE:GEO)

Caxton Associates LP bought a new stake in shares of The GEO Group, Inc. (NYSE:GEO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 28,856 shares of the real estate investment trust’s stock, valued at approximately $414,000.

Several other large investors have also recently made changes to their positions in the business. Arizona State Retirement System grew its position in The GEO Group by 2.5% during the second quarter. Arizona State Retirement System now owns 35,525 shares of the real estate investment trust’s stock valued at $510,000 after buying an additional 862 shares during the period. SummerHaven Investment Management LLC boosted its stake in The GEO Group by 1.1% in the second quarter. SummerHaven Investment Management LLC now owns 100,735 shares of the real estate investment trust’s stock valued at $1,447,000 after acquiring an additional 1,098 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of The GEO Group by 3.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 39,703 shares of the real estate investment trust’s stock valued at $561,000 after acquiring an additional 1,197 shares during the period. Texas Permanent School Fund Corp increased its stake in shares of The GEO Group by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 106,826 shares of the real estate investment trust’s stock worth $1,508,000 after purchasing an additional 1,402 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of The GEO Group by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 24,326 shares of the real estate investment trust’s stock worth $343,000 after purchasing an additional 1,669 shares during the period. 76.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. StockNews.com lowered The GEO Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Wedbush reissued an “outperform” rating and issued a $17.00 price objective on shares of The GEO Group in a report on Thursday, September 19th.

The GEO Group Price Performance

GEO opened at $12.71 on Friday. The GEO Group, Inc. has a 12 month low of $7.73 and a 12 month high of $18.05. The company has a market cap of $1.73 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.40 and a beta of 0.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The company has a 50 day moving average of $13.42 and a 200 day moving average of $14.00.

The GEO Group (NYSE:GEO) last posted its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The GEO Group had a return on equity of 8.87% and a net margin of 1.92%. The company had revenue of $607.19 million during the quarter, compared to the consensus estimate of $606.16 million. During the same period in the previous year, the business earned $0.24 earnings per share. On average, sell-side analysts expect that The GEO Group, Inc. will post 0.91 EPS for the current year.

Insider Activity

In other news, Chairman George C. Zoley acquired 100,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was bought at an average cost of $12.22 per share, for a total transaction of $1,222,000.00. Following the completion of the transaction, the chairman now owns 3,800,904 shares of the company’s stock, valued at $46,447,046.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman George C. Zoley bought 100,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of $12.22 per share, with a total value of $1,222,000.00. Following the acquisition, the chairman now owns 3,800,904 shares of the company’s stock, valued at approximately $46,447,046.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Shayn P. March sold 2,500 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $17.50, for a total transaction of $43,750.00. Following the completion of the transaction, the executive vice president now directly owns 65,330 shares of the company’s stock, valued at $1,143,275. The disclosure for this sale can be found here. Company insiders own 5.30% of the company’s stock.

The GEO Group 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.