First Citizens Bank & Trust Co. Purchases New Shares in The GEO Group, Inc. (NYSE:GEO)

First Citizens Bank & Trust Co. acquired a new position in The GEO Group, Inc. (NYSE:GEO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,264 shares of the real estate investment trust’s stock, valued at approximately $203,000.

Several other large investors also recently made changes to their positions in the business. Point72 Asset Management L.P. increased its position in The GEO Group by 363.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 702,107 shares of the real estate investment trust’s stock valued at $9,022,000 after acquiring an additional 968,601 shares in the last quarter. Hodges Capital Management Inc. increased its holdings in shares of The GEO Group by 1,501.6% in the third quarter. Hodges Capital Management Inc. now owns 788,800 shares of the real estate investment trust’s stock valued at $10,136,000 after purchasing an additional 739,550 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of The GEO Group by 91.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust’s stock valued at $24,050,000 after purchasing an additional 411,565 shares in the last quarter. Philosophy Capital Management LLC raised its position in The GEO Group by 17.1% in the 3rd quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust’s stock worth $21,125,000 after purchasing an additional 240,251 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in The GEO Group during the 2nd quarter worth $2,790,000. Institutional investors own 76.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Northland Securities boosted their target price on The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wedbush restated an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th. Finally, Noble Financial cut shares of The GEO Group from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th.

The GEO Group Trading Down 3.2 %

NYSE:GEO opened at $30.01 on Wednesday. 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 GEO Group, Inc. has a 1-year low of $11.01 and a 1-year high of $36.46. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 103.49, a PEG ratio of 2.71 and a beta of 0.87. The business’s 50-day moving average price is $29.49 and its two-hundred day moving average price is $20.28.

The GEO Group (NYSE:GEO) last announced its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. The firm had revenue of $603.13 million during the quarter, compared to analyst estimates of $611.69 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. On average, equities analysts expect that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

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.