Journey Strategic Wealth LLC Takes $221,000 Position in The GEO Group, Inc. (NYSE:GEO)

Journey Strategic Wealth LLC acquired a new stake in The GEO Group, Inc. (NYSE:GEO) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,884 shares of the real estate investment trust’s stock, valued at approximately $221,000.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp boosted its stake in shares of The GEO Group by 1.4% in the 3rd quarter. State Street Corp now owns 4,919,298 shares of the real estate investment trust’s stock valued at $63,213,000 after purchasing an additional 66,658 shares during the last quarter. Geode Capital Management LLC boosted its stake in The GEO Group by 3.3% during the third quarter. Geode Capital Management LLC now owns 3,016,103 shares of the real estate investment trust’s stock worth $38,765,000 after acquiring an additional 97,452 shares in the last quarter. Philosophy Capital Management LLC boosted its stake in The GEO Group by 17.1% during the third quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust’s stock worth $21,125,000 after acquiring an additional 240,251 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in The GEO Group by 91.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust’s stock worth $24,050,000 after buying an additional 411,565 shares during the last quarter. Finally, Hodges Capital Management Inc. raised its holdings in The GEO Group by 1,501.6% during the third quarter. Hodges Capital Management Inc. now owns 788,800 shares of the real estate investment trust’s stock worth $10,136,000 after buying an additional 739,550 shares during the last quarter. 76.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GEO has been the topic of several research reports. Wedbush restated an “outperform” rating on shares of The GEO Group in a report on Tuesday, December 17th. Noble Financial lowered shares of The GEO Group from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Finally, Northland Securities raised their price target on shares of The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 8th.

The GEO Group Stock Performance

Shares of GEO stock opened at $31.00 on Tuesday. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 106.89, a P/E/G ratio of 2.49 and a beta of 0.87. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.10. The GEO Group, Inc. has a 52 week low of $11.01 and a 52 week high of $36.46. The firm’s 50-day simple moving average is $29.72 and its two-hundred day simple moving average is $20.68.

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

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.