Pictet Asset Management Holding SA Boosts Stake in The GEO Group, Inc. (NYSE:GEO)

Pictet Asset Management Holding SA lifted its holdings in shares of The GEO Group, Inc. (NYSE:GEO) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,892 shares of the real estate investment trust’s stock after purchasing an additional 1,397 shares during the quarter. Pictet Asset Management Holding SA’s holdings in The GEO Group were worth $557,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. SRS Capital Advisors Inc. boosted its stake 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 worth $33,000 after buying an additional 720 shares during the period. Smartleaf Asset Management LLC boosted 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 worth $42,000 after purchasing an additional 915 shares during the period. Morse Asset Management Inc acquired a new stake in The GEO Group in the 3rd quarter valued at approximately $67,000. Jones Financial Companies Lllp raised its position in The GEO Group by 182.6% in the fourth quarter. Jones Financial Companies Lllp now owns 3,148 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 2,034 shares during the period. Finally, Rothschild Investment LLC lifted its stake 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 worth $116,000 after purchasing an additional 4,080 shares in the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at The GEO Group

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 67,469 shares in the company, valued at $2,024,070. This represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.30% of the company’s stock.

The GEO Group Trading Down 3.9 %

NYSE GEO opened at $26.35 on Wednesday. The GEO Group, Inc. has a 52 week low of $11.75 and a 52 week high of $36.46. The firm has a 50 day moving average of $27.43 and a two-hundred day moving average of $25.10. 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 stock has a market capitalization of $3.72 billion, a PE ratio of 90.87, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78.

The GEO Group (NYSE:GEO) last issued its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $607.45 million. As a group, research analysts expect that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GEO has been the subject of a number of research reports. UBS Group set a $35.00 price objective on The GEO Group in a research note on Monday, March 24th. Jones Trading reissued a “buy” rating and issued a $55.00 price objective on shares of The GEO Group in a research note on Friday, March 21st. StockNews.com downgraded shares of The GEO Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 1st. Noble Financial reissued 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 research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.