New Age Alpha Advisors LLC Makes New Investment in The GEO Group, Inc. (NYSE:GEO)

New Age Alpha Advisors LLC acquired a new stake in shares of The GEO Group, Inc. (NYSE:GEO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,077 shares of the real estate investment trust’s stock, valued at approximately $590,000.

Other hedge funds have also recently made changes to their positions in the company. SRS Capital Advisors Inc. grew its stake in 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 valued at $33,000 after purchasing an additional 720 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of 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 worth $42,000 after purchasing an additional 915 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in The GEO Group in the third quarter valued at approximately $25,000. Jones Financial Companies Lllp increased its holdings in 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 worth $88,000 after buying an additional 2,034 shares during the period. Finally, Rothschild Investment LLC raised its position in The GEO Group by 6,800.0% during the 4th quarter. Rothschild Investment LLC now owns 4,140 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 4,080 shares during the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at The GEO Group

In other news, EVP Shayn P. March sold 7,500 shares of the business’s stock in a transaction dated 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 owns 67,469 shares of the company’s stock, valued at $2,024,070. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.30% of the company’s stock.

The GEO Group Price Performance

NYSE:GEO opened at $29.28 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The GEO Group, Inc. has a 52 week low of $11.75 and a 52 week high of $36.46. The stock’s 50-day moving average price is $28.08 and its 200-day moving average price is $24.44. The stock has a market capitalization of $4.13 billion, a PE ratio of 100.98, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GEO shares. UBS Group set a $35.00 price objective on shares of The GEO Group in a report on Monday, March 24th. Wedbush reaffirmed an “outperform” rating and set a $46.00 price target on shares of The GEO Group in a research report on Tuesday, March 18th. Noble Financial reissued an “outperform” rating on shares of The GEO Group in a report on Monday, March 24th. Jones Trading restated a “buy” rating and issued a $55.00 target price on shares of The GEO Group in a research note on Friday, March 21st. Finally, StockNews.com cut The GEO Group from a “hold” rating to a “sell” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, The GEO Group presently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

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.