MetLife Investment Management LLC Increases Stock Holdings in The GEO Group, Inc. (NYSE:GEO)

MetLife Investment Management LLC lifted its position in The GEO Group, Inc. (NYSE:GEO) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,812 shares of the real estate investment trust’s stock after buying an additional 7,548 shares during the quarter. MetLife Investment Management LLC’s holdings in The GEO Group were worth $2,121,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GEO. NewEdge Advisors LLC bought a new position in shares of The GEO Group in the fourth quarter worth approximately $29,000. SRS Capital Advisors Inc. increased its position in shares of 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 worth $33,000 after purchasing an additional 720 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of The GEO Group by 149.5% in the fourth 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 last quarter. Morse Asset Management Inc bought a new position in shares of The GEO Group in the third quarter worth approximately $67,000. Finally, Jones Financial Companies Lllp grew its position in The GEO Group by 182.6% during 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 acquiring an additional 2,034 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wedbush reiterated an “outperform” rating and set a $46.00 price target on shares of The GEO Group in a research report on Tuesday, March 18th. StockNews.com cut shares of The GEO Group from a “hold” rating to a “sell” rating in a research report on Tuesday, April 1st. UBS Group set a $35.00 price target on shares of The GEO Group in a research report on Monday, March 24th. Noble Financial reiterated an “outperform” rating on shares of The GEO Group in a research report on Monday, March 24th. Finally, Jones Trading reiterated a “buy” rating and set a $55.00 price target on shares of The GEO Group in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, The GEO Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

The GEO Group Stock Down 0.8 %

Shares of The GEO Group stock opened at $30.34 on Tuesday. 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 52-week low of $11.75 and a 52-week high of $36.46. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 104.62, a P/E/G ratio of 2.11 and a beta of 0.78. The company’s 50 day moving average price is $27.69 and its 200-day moving average price is $26.79.

The GEO Group (NYSE:GEO) last announced its quarterly 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 business had revenue of $607.72 million during the quarter, compared to analysts’ expectations of $607.45 million. Equities research analysts forecast that The GEO Group, Inc. will post 0.83 EPS for the current year.

Insider Buying and Selling at The GEO Group

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $30.00, for a total value of $225,000.00. Following the sale, the executive vice president now owns 67,469 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.30% of the company’s stock.

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.