The GEO Group, Inc. (NYSE:GEO) Stock Holdings Raised by Discovery Capital Management LLC CT

Discovery Capital Management LLC CT raised its position in shares of The GEO Group, Inc. (NYSE:GEO) by 375.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,839,500 shares of the real estate investment trust’s stock after buying an additional 1,452,400 shares during the quarter. The GEO Group comprises approximately 3.6% of Discovery Capital Management LLC CT’s portfolio, making the stock its 8th biggest position. Discovery Capital Management LLC CT owned 1.32% of The GEO Group worth $51,469,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP increased its position in The GEO Group by 1,873.3% during the 3rd quarter. Quantbot Technologies LP now owns 69,953 shares of the real estate investment trust’s stock valued at $899,000 after buying an additional 66,408 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of The GEO Group by 20.7% during the third quarter. BNP Paribas Financial Markets now owns 273,724 shares of the real estate investment trust’s stock valued at $3,517,000 after acquiring an additional 46,905 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of The GEO Group by 53.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,986 shares of the real estate investment trust’s stock worth $2,737,000 after purchasing an additional 74,430 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in The GEO Group during the 3rd quarter valued at about $25,000. Finally, Centiva Capital LP purchased a new position in The GEO Group in the third quarter worth about $289,000. Institutional investors own 76.10% of the company’s stock.

The GEO Group Stock Performance

Shares of GEO opened at $29.28 on Tuesday. The firm has a market capitalization of $4.13 billion, a P/E ratio of 100.98, 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, Inc. has a one year low of $11.75 and a one year high of $36.46. The business has a fifty day moving average of $28.08 and a 200 day moving average of $24.44.

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

Insider Transactions at The GEO Group

In related news, EVP Shayn P. March sold 7,500 shares of The GEO Group stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $30.00, for a total transaction of $225,000.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.30% of the company’s stock.

Wall Street Analysts Forecast Growth

GEO has been the subject of several analyst reports. UBS Group set a $35.00 price target on shares of The GEO Group in a research report on Monday, March 24th. StockNews.com lowered The GEO Group from a “hold” rating to a “sell” rating in a report on Tuesday. Noble Financial reaffirmed an “outperform” rating on shares of The GEO Group in a report on Monday, March 24th. Jones Trading reiterated a “buy” rating and issued a $55.00 price objective on shares of The GEO Group in a report on Friday, March 21st. Finally, Wedbush reissued an “outperform” rating and issued a $46.00 target price on shares of The GEO Group in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.