113,551 Shares in The GEO Group, Inc. (NYSE:GEO) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new stake in The GEO Group, Inc. (NYSE:GEO) in the fourth quarter, Holdings Channel reports. The fund acquired 113,551 shares of the real estate investment trust’s stock, valued at approximately $3,177,000.

A number of other institutional investors have also recently bought and sold shares of GEO. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of The GEO Group in the third quarter valued at approximately $25,000. SRS Capital Advisors Inc. grew its position 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 in the last quarter. Smartleaf Asset Management LLC increased its stake in 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 acquiring an additional 915 shares during the period. Morse Asset Management Inc acquired a new position in The GEO Group in the 3rd quarter valued at $67,000. Finally, Quarry LP bought a new stake in shares of The GEO Group during the 3rd quarter valued at $77,000. Institutional investors own 76.10% of the company’s stock.

The GEO Group Stock Performance

NYSE GEO opened at $28.99 on Wednesday. The firm’s fifty day moving average price is $28.49 and its two-hundred day moving average price is $23.97. The stock has a market cap of $4.07 billion, a PE ratio of 99.97, a PEG ratio of 2.11 and a beta of 0.91. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.10. The GEO Group, Inc. has a fifty-two week low of $11.75 and a fifty-two week high of $36.46.

The GEO Group (NYSE:GEO) last issued its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share (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 during the quarter, compared to analyst estimates of $607.45 million. On average, equities analysts expect that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Analyst Ratings Changes

GEO has been the topic of a number of recent analyst reports. Wedbush restated an “outperform” rating and issued a $46.00 price target on shares of The GEO Group in a research report on Tuesday, March 18th. Noble Financial raised shares of The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a report on Wednesday, March 5th. Jones Trading reaffirmed a “buy” rating and set 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, UBS Group set a $32.00 target price on The GEO Group in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.40.

About The GEO Group

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.