Journey Strategic Wealth LLC Buys Shares of 7,884 The GEO Group, Inc. (NYSE:GEO)

Journey Strategic Wealth LLC bought a new stake in shares of The GEO Group, Inc. (NYSE:GEO) in the 4th quarter, HoldingsChannel reports. The firm bought 7,884 shares of the real estate investment trust’s stock, valued at approximately $221,000.

Several other hedge funds have also bought and sold shares of GEO. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of The GEO Group in the 3rd quarter worth approximately $25,000. Sound Income Strategies LLC lifted its holdings in shares of The GEO Group by 472.1% in the 3rd quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 2,625 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of The GEO Group in the 3rd quarter worth approximately $67,000. Quarry LP bought a new stake in shares of The GEO Group in the 3rd quarter worth approximately $77,000. Finally, GAMMA Investing LLC lifted its holdings in shares of The GEO Group by 38.5% in the 3rd quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock worth $88,000 after acquiring an additional 1,910 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors.

The GEO Group Trading Down 1.6 %

NYSE:GEO opened at $31.00 on Tuesday. The company has a fifty day moving average of $29.72 and a 200 day moving average of $20.68. The GEO Group, Inc. has a 52 week low of $11.01 and a 52 week high of $36.46. 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 firm has a market capitalization of $4.33 billion, a P/E ratio of 106.89, a P/E/G ratio of 2.49 and a beta of 0.87.

The GEO Group (NYSE:GEO) last posted its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported $0.21 EPS 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 for the quarter, compared to the consensus estimate of $611.69 million. During the same quarter in the prior year, the company earned $0.19 earnings per share. On average, research analysts predict that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GEO shares. 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 report on Monday, November 11th. Finally, Northland Securities upped their price target on shares of The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

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.