23,065 Shares in The GEO Group Inc (GEO) Purchased by NorthCoast Asset Management LLC

NorthCoast Asset Management LLC purchased a new position in shares of The GEO Group Inc (NYSE:GEO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,065 shares of the real estate investment trust’s stock, valued at approximately $544,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Advisor Group Inc. boosted its holdings in The GEO Group by 54.0% during the second quarter. Advisor Group Inc. now owns 4,344 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 1,524 shares in the last quarter. Wellington Shields & Co. LLC boosted its holdings in The GEO Group by 7.4% during the third quarter. Wellington Shields & Co. LLC now owns 29,050 shares of the real estate investment trust’s stock worth $781,000 after buying an additional 2,000 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in The GEO Group by 10.8% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 22,750 shares of the real estate investment trust’s stock worth $673,000 after buying an additional 2,209 shares in the last quarter. Private Advisor Group LLC boosted its holdings in The GEO Group by 14.1% during the third quarter. Private Advisor Group LLC now owns 17,986 shares of the real estate investment trust’s stock worth $468,000 after buying an additional 2,221 shares in the last quarter. Finally, Toronto Dominion Bank boosted its holdings in The GEO Group by 50.0% during the second quarter. Toronto Dominion Bank now owns 6,901 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 2,300 shares in the last quarter. 95.95% of the stock is currently owned by hedge funds and other institutional investors.

The GEO Group Inc (NYSE:GEO) opened at $20.04 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.05. The stock has a market cap of $2,455.35, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32. The GEO Group Inc has a twelve month low of $19.52 and a twelve month high of $34.32.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Friday, February 16th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 9.38%. The ex-dividend date is Thursday, February 15th. The GEO Group’s payout ratio is 139.26%.

A number of brokerages recently issued reports on GEO. Zacks Investment Research downgraded shares of The GEO Group from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine downgraded shares of The GEO Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. SunTrust Banks reissued a “buy” rating and set a $32.00 price target on shares of The GEO Group in a report on Wednesday, January 31st. Finally, TheStreet raised shares of The GEO Group from a “c+” rating to a “b-” rating in a report on Tuesday, November 28th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $33.47.

In other The GEO Group news, Director Christopher C. Wheeler sold 1,500 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $25.09, for a total transaction of $37,635.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.40% of the company’s stock.

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About The GEO Group

The GEO Group, Inc is a real estate investment trust (REIT) specializing in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.

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Institutional Ownership by Quarter for The GEO Group (NYSE:GEO)

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