8,150 Shares in The GEO Group, Inc. (NYSE:GEO) Acquired by Level Four Advisory Services LLC

Level Four Advisory Services LLC bought a new position in shares of The GEO Group, Inc. (NYSE:GEO) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,150 shares of the real estate investment trust’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GEO. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of The GEO Group during the 3rd quarter worth $25,000. SRS Capital Advisors Inc. boosted its holdings in The GEO Group by 160.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 720 shares during the period. Smartleaf Asset Management LLC boosted its holdings in 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 valued at $42,000 after acquiring an additional 915 shares during the period. Morse Asset Management Inc acquired a new stake in shares of The GEO Group in the third quarter valued at about $67,000. Finally, Quarry LP bought a new position in shares of The GEO Group in the third quarter worth about $77,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

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 on Thursday, March 27th. The shares were sold at an average price of $30.00, for a total value of $225,000.00. Following the sale, the executive vice president now owns 67,469 shares in the company, valued at approximately $2,024,070. The trade was a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on GEO. UBS Group set a $35.00 target price on The GEO Group in a research note on Monday, March 24th. StockNews.com lowered shares of The GEO Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Jones Trading reiterated a “buy” rating and set a $55.00 target price on shares of The GEO Group in a research note on Friday, March 21st. Noble Financial restated an “outperform” rating on shares of The GEO Group in a research report on Monday, March 24th. Finally, Wedbush reaffirmed an “outperform” rating and set a $46.00 price objective 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $41.00.

The GEO Group Trading Up 2.2 %

Shares of The GEO Group stock opened at $29.84 on Wednesday. The company’s fifty day moving average price is $27.98 and its two-hundred day moving average price is $24.56. The firm has a market capitalization of $4.21 billion, a PE ratio of 102.91, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The GEO Group, Inc. has a 52-week low of $11.75 and a 52-week high of $36.46. 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 posted its 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 business had revenue of $607.72 million during 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%. On average, analysts expect that The GEO Group, Inc. will post 0.83 EPS for the current year.

About The GEO Group

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.