The GEO Group, Inc. (NYSE:GEO) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI lifted its holdings in The GEO Group, Inc. (NYSE:GEO) by 0.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,063,510 shares of the real estate investment trust’s stock after purchasing an additional 423 shares during the period. National Bank of Canada FI owned about 0.76% of The GEO Group worth $29,757,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Franklin Resources Inc. acquired a new position in shares of The GEO Group during the 4th quarter worth approximately $604,000. Cannell & Spears LLC purchased a new stake in The GEO Group in the 4th quarter worth $693,000. Wellington Management Group LLP acquired a new position in The GEO Group during the fourth quarter worth $17,685,000. Level Four Advisory Services LLC purchased a new position in The GEO Group during the fourth quarter valued at $228,000. Finally, Pictet Asset Management Holding SA grew its position in shares of The GEO Group by 7.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 19,892 shares of the real estate investment trust’s stock valued at $557,000 after purchasing an additional 1,397 shares during the period. Institutional investors and hedge funds own 76.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. StockNews.com downgraded shares of The GEO Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Wedbush restated an “outperform” rating and issued a $46.00 target price on shares of The GEO Group in a research report on Tuesday, March 18th. 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. Noble Financial restated an “outperform” rating on shares of The GEO Group in a report on Monday, March 24th. Finally, UBS Group set a $35.00 target price on shares of The GEO Group in a report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

The GEO Group Stock Performance

Shares of The GEO Group stock opened at $29.51 on Thursday. The business’s 50 day moving average price is $27.89 and its 200 day moving average price is $24.59. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 101.76, 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 one year low of $11.75 and a one year high of $36.46.

The GEO Group (NYSE:GEO) last posted its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate 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 company had revenue of $607.72 million for the quarter, compared to analysts’ expectations of $607.45 million. On average, research analysts predict that The GEO Group, Inc. will post 0.83 EPS for the current year.

Insider Transactions at The GEO Group

In other The GEO Group news, EVP Shayn P. March sold 7,500 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $30.00, for a total transaction of $225,000.00. Following the completion of the sale, the executive vice president now owns 67,469 shares of the company’s stock, valued at $2,024,070. This trade represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.30% of the company’s stock.

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.