Yousif Capital Management LLC Has $1.48 Million Position in The GEO Group, Inc. (NYSE:GEO)

Yousif Capital Management LLC cut its stake in shares of The GEO Group, Inc. (NYSE:GEO) by 1.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,661 shares of the real estate investment trust’s stock after selling 986 shares during the quarter. Yousif Capital Management LLC’s holdings in The GEO Group were worth $1,480,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GEO. NewEdge Advisors LLC bought a new position in shares of The GEO Group in the fourth quarter valued at about $29,000. SRS Capital Advisors Inc. raised its holdings in shares of The GEO Group by 160.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 720 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of The GEO Group by 149.5% in 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 buying an additional 915 shares during the last quarter. NBC Securities Inc. bought a new position in shares of The GEO Group in the first quarter valued at about $58,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of The GEO Group by 182.6% in the fourth quarter. Jones Financial Companies Lllp now owns 3,148 shares of the real estate investment trust’s stock valued at $88,000 after buying an additional 2,034 shares during the last quarter. 76.10% of the stock is owned by institutional investors.

The GEO Group Stock Performance

Shares of NYSE:GEO opened at $24.87 on Tuesday. The stock has a market capitalization of $3.52 billion, a P/E ratio of 85.77, a P/E/G ratio of 2.11 and a beta of 0.76. 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 business has a 50-day moving average price of $27.97 and a two-hundred day moving average price of $28.31.

The GEO Group (NYSE:GEO) last announced its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). The firm had revenue of $604.65 million for the quarter, compared to the consensus estimate of $611.81 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. During the same period in the prior year, the firm posted $0.14 earnings per share. Equities analysts predict that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

Insider Activity

In related news, EVP Shayn P. March sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $30.00, for a total value of $225,000.00. Following the completion of the transaction, the executive vice president now directly owns 67,469 shares in the company, valued at approximately $2,024,070. The trade was a 10.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wall Street Zen raised The GEO Group from a “sell” rating to a “hold” rating in a report on Friday, May 9th. Noble Financial reaffirmed an “outperform” rating on shares of The GEO Group in a report on Monday, March 24th. UBS Group set a $35.00 price target on The GEO Group in a report on Monday, March 24th. Wedbush reissued an “outperform” rating and set a $36.00 price objective (down from $46.00) on shares of The GEO Group in a report on Thursday, May 8th. Finally, Jones Trading dropped their price objective on The GEO Group from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, May 8th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.