Geo Group Inc (The) (NYSE:GEO) Shares Bought by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD boosted its position in shares of Geo Group Inc (The) (NYSE:GEO) by 40.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 115,095 shares of the real estate investment trust’s stock after buying an additional 33,402 shares during the period. Mondrian Investment Partners LTD owned 0.09% of Geo Group Inc (The) worth $3,403,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GEO. Utah Retirement Systems boosted its position in shares of Geo Group Inc (The) by 1.3% in the first quarter. Utah Retirement Systems now owns 8,085 shares of the real estate investment trust’s stock worth $375,000 after buying an additional 100 shares during the last quarter. Amalgamated Bank boosted its position in shares of Geo Group Inc (The) by 4.9% in the first quarter. Amalgamated Bank now owns 10,494 shares of the real estate investment trust’s stock worth $487,000 after buying an additional 490 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Geo Group Inc (The) by 0.3% in the first quarter. Asset Management One Co. Ltd. now owns 176,646 shares of the real estate investment trust’s stock worth $8,173,000 after buying an additional 526 shares in the last quarter. AMG Funds LLC boosted its position in shares of Geo Group Inc (The) by 1.3% in the first quarter. AMG Funds LLC now owns 49,170 shares of the real estate investment trust’s stock worth $2,280,000 after buying an additional 626 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Geo Group Inc (The) by 0.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 75,002 shares of the real estate investment trust’s stock worth $3,478,000 after buying an additional 664 shares in the last quarter. Hedge funds and other institutional investors own 64.43% of the company’s stock.

Geo Group Inc (NYSE GEO) opened at 26.86 on Friday. The firm has a market cap of $3.28 billion, a PE ratio of 18.84 and a beta of 1.54. The firm’s 50 day moving average price is $29.23 and its 200-day moving average price is $30.37. Geo Group Inc has a 52 week low of $10.84 and a 52 week high of $34.32.

Geo Group Inc (The) (NYSE:GEO) last announced its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.15. The company had revenue of $570.10 million for the quarter, compared to analyst estimates of $584.69 million. Geo Group Inc (The) had a net margin of 7.32% and a return on equity of 15.84%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 EPS. On average, analysts forecast that Geo Group Inc will post $1.31 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 21st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date of this dividend was Wednesday, July 19th. Geo Group Inc (The)’s dividend payout ratio is currently 131.16%.

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A number of brokerages have commented on GEO. Zacks Investment Research cut Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research note on Wednesday. Canaccord Genuity set a $35.00 price objective on Geo Group Inc (The) and gave the stock a “buy” rating in a research note on Monday, August 7th. BidaskClub cut Geo Group Inc (The) from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. J P Morgan Chase & Co began coverage on Geo Group Inc (The) in a research note on Friday, July 14th. They set an “overweight” rating and a $35.00 price objective on the stock. Finally, ValuEngine upgraded Geo Group Inc (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $31.33.

In other news, Director Anne N. Foreman sold 17,340 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $26.67, for a total transaction of $462,457.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard H. Glanton sold 937 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $30.47, for a total transaction of $28,550.39. The disclosure for this sale can be found here. Insiders have sold 44,006 shares of company stock valued at $1,329,188 in the last ninety days. 2.40% of the stock is owned by company insiders.

Geo Group Inc (The) Company Profile

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 Geo Group Inc (The) (NYSE:GEO)

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