Morse Asset Management Inc Has $189,000 Stake in The GEO Group, Inc. (NYSE:GEO)

Morse Asset Management Inc raised its holdings in The GEO Group, Inc. (NYSE:GEO) by 29.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,760 shares of the real estate investment trust’s stock after acquiring an additional 1,520 shares during the period. Morse Asset Management Inc’s holdings in The GEO Group were worth $189,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. boosted its position in shares of The GEO Group by 160.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 720 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of The GEO Group by 149.5% during the fourth 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. NewEdge Advisors LLC acquired a new position in shares of The GEO Group during the fourth quarter worth about $29,000. Tyler Stone Wealth Management boosted its position in shares of The GEO Group by 8.4% during the fourth quarter. Tyler Stone Wealth Management now owns 13,314 shares of the real estate investment trust’s stock worth $373,000 after buying an additional 1,030 shares during the period. Finally, Arizona State Retirement System boosted its position in shares of The GEO Group by 3.3% during the fourth quarter. Arizona State Retirement System now owns 40,537 shares of the real estate investment trust’s stock worth $1,134,000 after buying an additional 1,289 shares during the period. 76.10% of the stock is owned by institutional investors and hedge funds.

The GEO Group Price Performance

NYSE:GEO opened at $26.62 on Wednesday. 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 stock’s 50 day moving average price is $28.34 and its two-hundred day moving average price is $27.77. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 91.80, a P/E/G ratio of 2.11 and a beta of 0.80. 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 quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). The business had revenue of $604.65 million during the quarter, compared to the consensus estimate of $611.81 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. During the same quarter in the prior year, the company earned $0.14 EPS. On average, analysts anticipate that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on GEO shares. Jones Trading reduced their price objective on The GEO Group from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. StockNews.com upgraded The GEO Group from a “sell” rating to a “hold” rating in a report on Friday, May 9th. Wedbush reiterated an “outperform” rating and set a $36.00 target price (down previously from $46.00) on shares of The GEO Group in a report on Thursday, May 8th. UBS Group set a $35.00 target price on The GEO Group in a report on Monday, March 24th. Finally, Noble Financial reiterated an “outperform” rating on shares of The GEO Group in a report on Monday, March 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Insider Buying and Selling at The GEO Group

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