Teacher Retirement System of Texas Makes New Investment in The GEO Group, Inc. (NYSE:GEO)

Teacher Retirement System of Texas bought a new stake in The GEO Group, Inc. (NYSE:GEO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 113,551 shares of the real estate investment trust’s stock, valued at approximately $3,177,000. Teacher Retirement System of Texas owned about 0.08% of The GEO Group as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GEO. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of The GEO Group during the third quarter valued at $25,000. SRS Capital Advisors Inc. boosted its stake in 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 valued at $33,000 after acquiring an additional 720 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of 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 buying an additional 915 shares during the period. Morse Asset Management Inc bought a new stake in The GEO Group in the third quarter valued at approximately $67,000. Finally, Quarry LP acquired a new stake in The GEO Group during the 3rd quarter worth $77,000. Institutional investors own 76.10% of the company’s stock.

The GEO Group Stock Down 0.4 %

The GEO Group stock opened at $28.99 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10. The company’s 50-day moving average is $28.49 and its 200-day moving average is $23.97. The firm has a market capitalization of $4.07 billion, a PE ratio of 99.97, a P/E/G ratio of 2.11 and a beta of 0.91. 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 announced its quarterly 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 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 for the quarter, compared to analyst estimates of $607.45 million. Sell-side analysts anticipate that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Noble Financial raised The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research note on Wednesday, March 5th. Jones Trading restated a “buy” rating and set a $55.00 price objective on shares of The GEO Group in a report on Friday, March 21st. Wedbush reiterated an “outperform” rating and set a $46.00 price objective on shares of The GEO Group in a report on Tuesday, March 18th. StockNews.com cut 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 price target on shares of The GEO Group in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.40.

The GEO Group 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.