Kirkoswald Asset Management LLC Makes New $5.04 Million Investment in The GEO Group, Inc. (NYSE:GEO)

Kirkoswald Asset Management LLC purchased a new position in The GEO Group, Inc. (NYSE:GEO) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 180,000 shares of the real estate investment trust’s stock, valued at approximately $5,036,000. The GEO Group makes up approximately 5.8% of Kirkoswald Asset Management LLC’s holdings, making the stock its 5th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of GEO. Victory Capital Management Inc. grew its stake in 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 buying an additional 20,962 shares in the last quarter. Quest Partners LLC purchased a new position in The GEO Group in the 3rd quarter worth approximately $609,000. Jennison Associates LLC purchased a new position in The GEO Group in the 3rd quarter worth approximately $630,000. Intech Investment Management LLC purchased a new position in The GEO Group in the 3rd quarter worth approximately $1,279,000. Finally, Pekin Hardy Strauss Inc. grew its stake in The GEO Group by 65.4% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 38,200 shares of the real estate investment trust’s stock worth $491,000 after buying an additional 15,100 shares in the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GEO shares. UBS Group set a $32.00 price objective on shares of The GEO Group in a report on Wednesday, March 5th. Wedbush restated an “outperform” rating and issued a $46.00 price objective on shares of The GEO Group in a report on Tuesday. StockNews.com lowered shares of The GEO Group from a “hold” rating to a “sell” rating in a report on Thursday. Noble Financial upgraded shares of The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a report on Wednesday, March 5th. Finally, Jones Trading restated a “buy” rating and issued a $55.00 price objective on shares of The GEO Group in a report on Friday. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.40.

The GEO Group Stock Down 2.9 %

Shares of NYSE GEO opened at $28.24 on Friday. The firm has a fifty day simple moving average of $28.57 and a two-hundred day simple moving average of $23.60. The firm has a market capitalization of $3.96 billion, a PE ratio of 97.37, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. 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, Inc. has a 12 month low of $11.75 and a 12 month high of $36.46.

The GEO Group (NYSE:GEO) last released its earnings results 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 business had revenue of $607.72 million during the quarter, compared to analysts’ expectations of $607.45 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. Equities analysts expect that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

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.