Jones Financial Companies Lllp Acquires 2,034 Shares of The GEO Group, Inc. (NYSE:GEO)

Jones Financial Companies Lllp raised its holdings in shares of The GEO Group, Inc. (NYSE:GEO) by 182.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,148 shares of the real estate investment trust’s stock after purchasing an additional 2,034 shares during the quarter. Jones Financial Companies Lllp’s holdings in The GEO Group were worth $88,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GEO. Victory Capital Management Inc. lifted its holdings in shares of The GEO Group by 12.0% in the 3rd quarter. Victory Capital Management Inc. now owns 195,376 shares of the real estate investment trust’s stock worth $2,511,000 after acquiring an additional 20,962 shares during the last quarter. Chesapeake Capital Corp IL lifted its holdings in shares of The GEO Group by 27.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 22,000 shares of the real estate investment trust’s stock worth $280,000 after acquiring an additional 4,800 shares during the last quarter. Quest Partners LLC bought a new stake in shares of The GEO Group in the 3rd quarter worth about $609,000. Jennison Associates LLC bought a new stake in shares of The GEO Group in the 3rd quarter worth about $630,000. Finally, Intech Investment Management LLC bought a new stake in shares of The GEO Group in the 3rd quarter worth about $1,279,000. Institutional investors own 76.10% of the company’s stock.

The GEO Group Trading Up 4.4 %

Shares of GEO opened at $26.66 on Monday. The GEO Group, Inc. has a 1-year low of $11.75 and a 1-year high of $36.46. The company has a 50-day moving average of $28.83 and a 200 day moving average of $23.25. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 91.94, a PEG ratio of 2.11 and a beta of 0.91. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10.

The GEO Group (NYSE:GEO) last announced its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. The company had revenue of $607.72 million for the quarter, compared to the consensus estimate of $607.45 million. On average, research analysts expect that The GEO Group, Inc. will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GEO. Noble Financial upgraded shares of The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Wednesday, March 5th. Wedbush reiterated an “outperform” rating on shares of The GEO Group in a report on Tuesday, December 17th. Finally, UBS Group set a $32.00 price objective on shares of The GEO Group in a report on Wednesday, March 5th.

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.