Janus Henderson Group PLC Acquires 46,820 Shares of The GEO Group, Inc. (NYSE:GEO)

Janus Henderson Group PLC increased its stake in shares of The GEO Group, Inc. (NYSE:GEO) by 87.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,370 shares of the real estate investment trust’s stock after acquiring an additional 46,820 shares during the period. Janus Henderson Group PLC owned about 0.07% of The GEO Group worth $2,809,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in GEO. NewEdge Advisors LLC acquired a new stake in The GEO Group during the fourth quarter worth approximately $29,000. SRS Capital Advisors Inc. lifted its holdings in shares of The GEO Group by 160.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 720 shares during the period. Smartleaf Asset Management LLC raised its position in The GEO Group by 149.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 915 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of The GEO Group by 182.6% during the 4th quarter. Jones Financial Companies Lllp now owns 3,148 shares of the real estate investment trust’s stock worth $88,000 after buying an additional 2,034 shares during the last quarter. Finally, Rothschild Investment LLC grew its position in The GEO Group by 6,800.0% in the fourth quarter. Rothschild Investment LLC now owns 4,140 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 4,080 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

Insider Buying and Selling

In other news, EVP Shayn P. March sold 7,500 shares of The GEO Group stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $30.00, for a total transaction of $225,000.00. Following the completion of the sale, the executive vice president now directly owns 67,469 shares of the company’s stock, valued at approximately $2,024,070. The trade was a 10.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.30% of the stock is currently owned by company insiders.

The GEO Group Price Performance

Shares of NYSE GEO opened at $27.13 on Wednesday. The GEO Group, Inc. has a 1-year low of $11.75 and a 1-year high of $36.46. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25. The stock has a fifty day simple moving average of $28.59 and a two-hundred day simple moving average of $28.16. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 93.55, a price-to-earnings-growth ratio of 2.11 and a beta of 0.80.

The GEO Group (NYSE:GEO) last issued its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The business had revenue of $604.65 million for the quarter, compared to the consensus estimate of $611.81 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. During the same period in the previous year, the firm earned $0.14 EPS. Analysts anticipate that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GEO shares. Jones Trading decreased their target price on shares of The GEO Group from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. UBS Group set a $35.00 price objective on shares of The GEO Group in a research note on Monday, March 24th. Noble Financial restated an “outperform” rating on shares of The GEO Group in a report on Monday, March 24th. Wedbush reaffirmed an “outperform” rating and issued a $36.00 price target (down previously from $46.00) on shares of The GEO Group in a research report on Thursday, May 8th. Finally, StockNews.com raised shares of The GEO Group from a “sell” rating to a “hold” rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

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.