GSA Capital Partners LLP lowered its holdings in Geo Group Inc (The) (NYSE:GEO) by 55.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,026 shares of the real estate investment trust’s stock after selling 21,064 shares during the period. GSA Capital Partners LLP’s holdings in Geo Group Inc (The) were worth $503,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. OLD Mutual Customised Solutions Proprietary Ltd. bought a new position in Geo Group Inc (The) in the first quarter valued at $125,000. Meeder Asset Management Inc. bought a new position in Geo Group Inc (The) in the first quarter valued at $196,000. KCG Holdings Inc. bought a new position in Geo Group Inc (The) in the first quarter valued at $201,000. Ffcm LLC grew its position in Geo Group Inc (The) by 265.8% in the second quarter. Ffcm LLC now owns 4,415 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 3,208 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Geo Group Inc (The) by 69.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,661 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 1,909 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.
Geo Group Inc (GEO) opened at 26.18 on Wednesday. The company has a market cap of $3.20 billion, a P/E ratio of 18.36 and a beta of 1.52. Geo Group Inc has a 12 month low of $15.27 and a 12 month high of $34.32. The stock has a 50 day moving average of $26.44 and a 200-day moving average of $29.41.
Geo Group Inc (The) (NYSE:GEO) last released its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.15). Geo Group Inc (The) had a return on equity of 15.84% and a net margin of 7.32%. The business had revenue of $570.10 million for the quarter, compared to analyst estimates of $584.69 million. During the same quarter in the previous year, the company posted $0.21 EPS. The business’s quarterly revenue was up 4.0% on a year-over-year basis. Equities research analysts expect that Geo Group Inc will post $1.27 EPS for the current year.
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In other news, Director Anne N. Foreman sold 17,340 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $26.67, for a total value of $462,457.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Norman A. Carlson sold 10,000 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $25.77, for a total transaction of $257,700.00. Following the completion of the sale, the director now owns 39,779 shares of the company’s stock, valued at approximately $1,025,104.83. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
A number of research analysts recently weighed in on the stock. ValuEngine downgraded shares of Geo Group Inc (The) from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 22nd. Zacks Investment Research downgraded shares of Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Canaccord Genuity set a $35.00 target price on shares of Geo Group Inc (The) and gave the company a “buy” rating in a research report on Monday, August 7th. BidaskClub downgraded shares of Geo Group Inc (The) from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, J P Morgan Chase & Co assumed coverage on shares of Geo Group Inc (The) in a research report on Friday, July 14th. They issued an “overweight” rating and a $35.00 target price for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $33.83.
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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