Universal Beteiligungs und Servicegesellschaft mbH Takes $296,000 Position in Geo Group Inc (The) (NYSE:GEO)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Geo Group Inc (The) (NYSE:GEO) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,121 shares of the real estate investment trust’s stock, valued at approximately $296,000.

Other institutional investors have also modified their holdings of the company. Point72 Asset Management L.P. grew its position in Geo Group by 202.6% in the fourth quarter. Point72 Asset Management L.P. now owns 2,124,783 shares of the real estate investment trust’s stock worth $59,451,000 after buying an additional 1,422,676 shares during the last quarter. Newbrook Capital Advisors LP bought a new stake in shares of Geo Group during the 4th quarter worth $35,738,000. BlueCrest Capital Management Ltd acquired a new position in shares of Geo Group in the 4th quarter worth $34,456,000. Forest Avenue Capital Management LP acquired a new stake in shares of Geo Group during the fourth quarter worth $20,197,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Geo Group during the fourth quarter valued at $17,685,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GEO shares. Wedbush reiterated an “outperform” rating and issued a $36.00 price target on shares of Geo Group in a research report on Monday, June 23rd. Wall Street Zen raised shares of Geo Group from a “sell” rating to a “hold” rating in a research note on Friday, May 9th. Finally, Jones Trading dropped their target price on shares of Geo Group from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Geo Group Stock Performance

Shares of GEO stock opened at $24.86 on Tuesday. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 130.86, a P/E/G ratio of 2.71 and a beta of 0.75. 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 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.24. The stock’s fifty day simple moving average is $25.38 and its 200-day simple moving average is $27.30.

Geo Group (NYSE:GEO) last announced its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.14 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 analyst estimates of $611.81 million. Geo Group had a return on equity of 7.36% and a net margin of 1.19%. During the same quarter in the previous year, the business posted $0.14 earnings per share. On average, sell-side analysts predict that Geo Group Inc will post 0.83 earnings per share for the current fiscal year.

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.