Nisa Investment Advisors LLC Has $24.05 Million Stock Position in The GEO Group, Inc. (NYSE:GEO)

Nisa Investment Advisors LLC increased its position in shares of The GEO Group, Inc. (NYSE:GEO) by 91.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 859,528 shares of the real estate investment trust’s stock after buying an additional 411,565 shares during the quarter. Nisa Investment Advisors LLC owned about 0.61% of The GEO Group worth $24,050,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in The GEO Group during the 3rd quarter worth approximately $25,000. Sound Income Strategies LLC increased its holdings in The GEO Group by 472.1% during the 3rd quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 2,625 shares in the last quarter. Morse Asset Management Inc bought a new stake in The GEO Group during the 3rd quarter worth approximately $67,000. Quarry LP bought a new stake in The GEO Group during the 3rd quarter worth approximately $77,000. Finally, GAMMA Investing LLC increased its holdings in The GEO Group by 38.5% during the 3rd quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 1,910 shares in the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GEO. Northland Securities boosted their price objective on The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Wedbush reissued an “outperform” rating on shares of The GEO Group in a report on Tuesday, December 17th. Finally, Noble Financial lowered The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th.

The GEO Group Stock Performance

GEO stock opened at $34.31 on Thursday. The firm has a market cap of $4.80 billion, a PE ratio of 118.30, a P/E/G ratio of 2.75 and a beta of 0.87. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The business has a 50 day moving average of $29.08 and a 200-day moving average of $19.78. The GEO Group, Inc. has a 12-month low of $11.01 and a 12-month high of $36.46.

The GEO Group (NYSE:GEO) last released its earnings results on Thursday, November 7th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.03). The business had revenue of $603.13 million during the quarter, compared to the consensus estimate of $611.69 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. During the same period in the prior year, the company earned $0.19 earnings per share. As a group, sell-side analysts expect that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

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.