Clear Harbor Asset Management LLC Makes New Investment in The GEO Group, Inc. (NYSE:GEO)

Clear Harbor Asset Management LLC purchased a new stake in shares of The GEO Group, Inc. (NYSE:GEO) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 12,250 shares of the real estate investment trust’s stock, valued at approximately $157,000.

A number of other hedge funds have also modified their holdings of GEO. Vanguard Group Inc. raised its stake in shares of The GEO Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 13,575,361 shares of the real estate investment trust’s stock worth $147,021,000 after purchasing an additional 58,184 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in The GEO Group by 3.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 39,703 shares of the real estate investment trust’s stock worth $561,000 after purchasing an additional 1,197 shares during the last quarter. SG Americas Securities LLC bought a new stake in The GEO Group during the first quarter valued at about $510,000. PNC Financial Services Group Inc. grew its holdings in The GEO Group by 234.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 23,735 shares of the real estate investment trust’s stock valued at $257,000 after buying an additional 16,633 shares during the last quarter. Finally, Great Lakes Advisors LLC increased its position in The GEO Group by 1,803.4% during the second quarter. Great Lakes Advisors LLC now owns 312,508 shares of the real estate investment trust’s stock worth $4,488,000 after acquiring an additional 296,090 shares during the period. 76.10% of the stock is owned by institutional investors and hedge funds.

The GEO Group Stock Down 0.4 %

Shares of NYSE GEO opened at $15.19 on Monday. The GEO Group, Inc. has a 52-week low of $8.33 and a 52-week high of $18.05. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.26. The business has a fifty day moving average of $13.61 and a two-hundred day moving average of $14.03. The stock has a market cap of $2.12 billion, a PE ratio of 58.43, a PEG ratio of 1.68 and a beta of 0.65.

The GEO Group (NYSE:GEO) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $607.19 million for the quarter, compared to the consensus estimate of $606.16 million. The GEO Group had a net margin of 1.92% and a return on equity of 8.87%. During the same period in the prior year, the business earned $0.24 earnings per share. As a group, equities research analysts expect that The GEO Group, Inc. will post 0.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other The GEO Group news, Chairman George C. Zoley acquired 100,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was purchased at an average price of $12.33 per share, for a total transaction of $1,233,000.00. Following the transaction, the chairman now owns 3,900,904 shares in the company, valued at $48,098,146.32. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GEO shares. StockNews.com downgraded shares of The GEO Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Wedbush reaffirmed an “outperform” rating and set a $17.00 price objective on shares of The GEO Group in a report on Thursday, September 19th.

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.