The GEO Group, Inc. (NYSE:GEO) Stake Lifted by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. raised its position in shares of The GEO Group, Inc. (NYSE:GEO) by 45.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 350,914 shares of the real estate investment trust’s stock after purchasing an additional 110,000 shares during the period. The GEO Group comprises 0.6% of Prescott Group Capital Management L.L.C.’s portfolio, making the stock its 10th biggest position. Prescott Group Capital Management L.L.C. owned 0.25% of The GEO Group worth $9,819,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GEO. Raymond James Financial Inc. purchased a new stake in shares of The GEO Group in the 4th quarter worth approximately $2,994,000. Arizona State Retirement System raised its stake in The GEO Group by 3.3% in the fourth quarter. Arizona State Retirement System now owns 40,537 shares of the real estate investment trust’s stock worth $1,134,000 after buying an additional 1,289 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in The GEO Group during the fourth quarter worth $313,000. Bravias Capital Group LLC bought a new stake in The GEO Group during the 4th quarter valued at $186,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of The GEO Group by 182.6% in the 4th quarter. Jones Financial Companies Lllp now owns 3,148 shares of the real estate investment trust’s stock valued at $88,000 after acquiring an additional 2,034 shares during the period. Institutional investors own 76.10% of the company’s stock.

The GEO Group Stock Down 0.8 %

The GEO Group stock opened at $25.49 on Friday. The business has a fifty day moving average price of $29.29 and a 200-day moving average price of $22.63. The GEO Group, Inc. has a 1-year low of $11.75 and a 1-year high of $36.46. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 87.89, a PEG ratio of 2.11 and a beta of 0.91. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10.

The GEO Group (NYSE:GEO) last issued its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. The business had revenue of $607.72 million for the quarter, compared to analysts’ expectations of $607.45 million. Equities research analysts forecast that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Analyst Ratings Changes

GEO has been the subject of a number of analyst reports. Northland Securities upped their price objective on The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Wedbush reissued an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th. Finally, Noble Financial raised shares of The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research report on Wednesday.

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.