Proficio Capital Partners LLC Invests $313,000 in The GEO Group, Inc. (NYSE:GEO)

Proficio Capital Partners LLC acquired a new stake in shares of The GEO Group, Inc. (NYSE:GEO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,192 shares of the real estate investment trust’s stock, valued at approximately $313,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. lifted its holdings in The GEO Group by 160.0% in 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 grew its position in shares of The GEO Group by 149.5% during the 4th 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. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of The GEO Group in the 3rd quarter worth $25,000. Jones Financial Companies Lllp raised 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 purchasing an additional 2,034 shares during the period. Finally, Rothschild Investment LLC lifted its position in The GEO Group by 6,800.0% during the fourth quarter. Rothschild Investment LLC now owns 4,140 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 4,080 shares in the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

The GEO Group Stock Performance

Shares of NYSE:GEO opened at $28.99 on Wednesday. The stock has a market capitalization of $4.07 billion, a P/E ratio of 99.97, a PEG ratio of 2.11 and a beta of 0.91. 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 fifty day simple moving average of $28.49 and a two-hundred day simple moving average of $23.97. The GEO Group, Inc. has a 52 week low of $11.75 and a 52 week high of $36.46.

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 the consensus estimate of $0.21 by ($0.08). The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. The firm had revenue of $607.72 million for the quarter, compared to analysts’ expectations of $607.45 million. On average, analysts expect that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. UBS Group set a $32.00 price target on shares of The GEO Group in a report on Wednesday, March 5th. Wedbush reiterated an “outperform” rating and set a $46.00 target price on shares of The GEO Group in a research report on Tuesday, March 18th. Jones Trading reissued a “buy” rating and issued a $55.00 price target on shares of The GEO Group in a report on Friday, March 21st. StockNews.com cut shares of The GEO Group from a “hold” rating to a “sell” rating in a research note on Thursday, March 20th. Finally, Noble Financial raised The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, The GEO Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.40.

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.