Billionaire Rob Citrone’s Top 10 Stock Picks

8. The GEO Group, Inc. (NYSE:GEO)

Rob Citrone’s Latest Stake Value: $51,469,210

Number of Hedge Funds Holding Stakes: 39

The Geo Group Inc. (NYSE:GEO) manages detention and correctional facilities. The company operates prisons, detention centers, and reentry centers. It works primarily with the US Immigration and Customs Enforcement (ICE), as well as state prison systems and international governments.

The GEO Group, Inc. (NYSE:GEO) is positioned for substantial revenue growth following several contracts so far this year. The company won a 15-year, fixed-price contract from ICE in late February for its 1,000-bed Delaney Hall Facility in New Jersey. The deal is expected to generate over $60 million in annualized revenues in the first full year of operations, and the total contract value is estimated at approximately $1 billion. The following month, Geo Group (NYSE:GEO) secured another contract with ICE to activate its 1,800-bed North Lake Facility in Michigan immediately. The deal is projected to generate in excess of $70 million in annualized revenues.