Xponance Inc. Takes $263,000 Position in The GEO Group, Inc. (NYSE:GEO)

Xponance Inc. acquired a new stake in shares of The GEO Group, Inc. (NYSE:GEO) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 9,408 shares of the real estate investment trust’s stock, valued at approximately $263,000.

Other hedge funds also recently made changes to their positions in the company. SRS Capital Advisors Inc. increased its stake in shares of 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 buying an additional 720 shares during the period. Smartleaf Asset Management LLC boosted its stake 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 purchasing an additional 915 shares in the last quarter. GAMMA Investing LLC increased its position in shares of The GEO Group by 18.6% during the fourth quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 1,281 shares during the period. Arizona State Retirement System lifted its holdings in The GEO Group by 3.3% in the fourth quarter. Arizona State Retirement System now owns 40,537 shares of the real estate investment trust’s stock worth $1,134,000 after buying an additional 1,289 shares during the period. Finally, KBC Group NV boosted its position in The GEO Group by 37.2% during the 4th quarter. KBC Group NV now owns 6,023 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 1,632 shares in the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.

The GEO Group Stock Performance

Shares of GEO opened at $29.30 on Friday. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 101.03, a P/E/G ratio of 2.11 and a beta of 0.91. The business’s fifty day simple moving average is $28.21 and its two-hundred day simple moving average is $24.16. The GEO Group, Inc. has a 12 month low of $11.75 and a 12 month high of $36.46. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25.

The GEO Group (NYSE:GEO) last released 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 business had revenue of $607.72 million during the quarter, compared to the consensus estimate of $607.45 million. Research analysts anticipate that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Jones Trading restated a “buy” rating and issued a $55.00 target price on shares of The GEO Group in a research note on Friday, March 21st. StockNews.com cut shares of The GEO Group from a “hold” rating to a “sell” rating in a report on Thursday, March 20th. Noble Financial reiterated an “outperform” rating on shares of The GEO Group in a report on Monday. UBS Group set a $35.00 price target on The GEO Group in a research note on Monday. Finally, Wedbush reiterated an “outperform” rating and set a $46.00 price objective on shares of The GEO Group in a research note on Tuesday, March 18th. One 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.com, The GEO Group presently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

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.